Formerly named Florence Regency, the old HUDC will be undergoing de-construction to make way for a brand new condominium after Logan Property Holdings successfully en-bloced this huge expanse of prime property land from its former owners. Re-building from scratch, this new and exciting condominium property is The Florence Residences. Comprising of 9 blocks of 1,410 units of residential homes with 128 facilities 12 club theme area and a spectacular 80m main pool over a massive land area of almost 400,000sqft!
Location of Florence Residences
The Florence Residences is within walking distance to both Kovan MRT and also Hougang MRT stations. If you are familiar with Kovan, you would immediately recognise the huge plot of private landed residential enclave near the MRT station. Standing tall at 18 storeys, Florence Residences overlooks a wide area of this landed enclave. One will expect unblocked and breezy units for certain blocks and stacks in the development. Kovan and Hougang belongs to one of the matured estates in Singapore and amenities will be aplenty. From heartland coffeeshop food to air-conditioned restaurants to hip and trendy cafes, Kovan has them all. Shopping malls and huge food centres are all within walking distance and good primary schools such as Xinmin Primary, Holy Innocents Primary and Montford Junior are all less than one kilometres away.
Connectivity of Kovan
Kovan MRT is only one MRT stop to Serangoon MRT interchange on the Circle Line. Commuters can drop off to visit the huge NEX shopping mall or continue along the North-East Line.
It only takes 5 stops to Paya Lebar MRT Interchange Station that serves the Circle and East-West Lines. Paya Lebar Central will be a bustling, integrated commercial node with offices, retail and attractive public spaces flowing with activity 12 ha of land available for development, which translates to about 500,000 sqm of commercial floor space.
A direct 7 stops will bring the Florence Residence homeowner to Dhoby Ghaut MRT interchange. Changing to the North-South Line, commuters can take just 2 MRT stations to reach either Orchard MRT or Raffles Place MRT.
One personal favorite is Botanic Gardens MRT which is merely 6 MRT stops away from Kovan. Countless hours of family bonding, fun, exercise and meditation can be well-spent conveniently at this rare UNESCO World Heritage Site.
Vicinity Comparison Analysis
There has been numerous property new launches in the Serangoon and Kovan vicinity in the past few years. Prices of new private property in this area has been on the uptick since. Stars of Kovan and Forest Woods broke the $1,600psf barrier and the more recently launched The Garden Residences and Affinity @ Serangoon both saw the $1,700psf mark broken. Florence Regency the former HUDC’s collective sale price is estimated to be around $842psf per plot ratio after factoring costs added to the developer Logan Property Holdings which is a relatively reasonable price and therefore we can see them selling at an attractive average price range of $1,3xxpsf.
Short Summary On Florence Residences
The Florence Residences is located inside the well established mature estate of the Kovan area and buyers will be assured of the convenience and demand for many years to come. Besides being in a good location, buyers can also consider the excellent track record this developer boasts and is quite evident in the design of the condominium itself. Almost all units are North-South oriented and the development itself consists of 128 facilities with 12 club theme areas for all its residents to bask in. Talk about being spoilt for choice. Layout of the blocks are also a good distance from one another and buyers can expect breezy units and some with magnificant views of the surrounding landed area. There are also the smart home features which are beginning to be a commonplace for new condominiums but one feature stands out to me which is the visitor registration system. Homeowners can pre-register their visitors and the system will send an email with a QR code which they can later just scan and validate at the visitor’s gate and proceed into the compound conveniently. For visitors who are driving in, homeowners can register the visitor’s car license plates into the system and when they arrive they can seamlessly drive into the compound through the condominium’s car license plate recognition system. Selling at an average of $1,3xxpsf, this condominium is in my opininon attractively and competitively priced to sell.