Square Foot Research Singapore

Check out more Transaction Price, Rents, Trends and Analysis Data for THE FLORENCE RESIDENCES on EdgeProp Singapore.
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THE FLORENCE RESIDENCES

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Project Information

Project Name

THE FLORENCE RESIDENCES

Street Name

Hougang Avenue 2

Property Type

Apartment

Tenure

99 yrs FROM 2018

District / Planning Area

D19 / Hougang

Completion

Uncompleted

Number of units

1,410 units

Indicative price range / Average*

S$ 1,559 - S$ 1,870 psf / S$ 1,728 psf

Indicative rental range / Average*

-

Implied rental yield

-

Historical high

S$ 2,106 psf in Jul 2022 for a 527-sqft unit

Indicative average price from historical high

-17.9%

Historical low

S$ 1,218 psf in Aug 2019 for a 1,044-sqft unit

Buyer profile by status#

Singaporean 87.5%, PR 11.5%, Foreigner 1.0%, Company 0.0%

Buyer profile by purchaser address#

HDB 69.2%, Private 30.8%

Note: *Based on contracts in the last 6 months. #Based on all available caveats, it does not represent the breakdown of current owners.

Location

Transaction Prices, Rents, Trends and Analysis

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Nearby properties

Price Comparison (Up to 10)

Source: URA, https://www.squarefoot.com.sg

Rental Comparison (Up to 10)

Source: URA, https://www.squarefoot.com.sg

Price and rental comparisons (Up to 10)

Note: Excludes properties with no transactions in the past 6 months, except for Subject Property. *Prices and rentals are based on data in the past 6 months. If Subject Property does not have transactions during this period, data shown is from the 6-month period from last transaction date.
Source: https://www.squarefoot.com.sg
Marker Project Tenure Completion Distance
(m)
Lowest price*
(S$ psf)
Average price*
(S$ psf)
Highest price*
(S$ psf)
Lowest rental*
(S$ psf pm)
Average rental*
(S$ psf pm)
Highest rental*
(S$ psf pm)
Rental yield
(%)
THE FLORENCE RESIDENCES 99 yrs FROM 2018 Uncompleted - 1,559 1,728 1,870 - - - -
THE FLORENTINE 947 yrs FROM 1934 2011 64 1,105 1,205 1,305 2.37 2.97 3.58 3.0
ISUITES @ TANI 999 Yrs FROM 1883 2012 185 1,281 1,281 1,281 3.81 5.09 6.36 4.8
THE COURTYARD Freehold 1995 262 1,263 1,263 1,263 3.71 3.71 3.71 3.5
FIORENZA Freehold 2011 263 1,370 1,370 1,370 - - - -
KOVAN REGENCY 99 yrs FROM 2012 2015 338 1,162 1,563 1,761 2.19 4.74 6.34 3.6
PEOPLE'S GARDEN 999 Yrs FROM 1876 - 411 927 1,566 1,805 2.29 2.98 3.68 2.3
SUITES @ KOVAN Freehold 2010 426 1,111 1,230 1,349 5.37 5.37 5.37 5.2
[email protected] Freehold 2015 454 1,526 1,561 1,596 3.05 4.08 5.64 3.1
SIMON PLAZA Freehold 1990 472 1,213 1,213 1,213 - - - -

Location of nearby properties

Note: Excludes properties with no transactions in the past 6 months.
Source: https://www.squarefoot.com.sg

Nearby land sales / new launches

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Status Name Location Land attributes Estimated Breakeven

on 26 Jan 2012

(Now known as Kovan Regency)

Street
Site use Residential
Sale Type
Tenure 99
Site area (sqm) 16,994.1
Site GFA (sqm) 35,688.0
Highest bid ($m) 194.6
Highest bid ($psf) 506.6
Number of bids 11
Remarks
Land ($m) XX
Construction ($m) XX
Land Financing ($m) XX
Professional / Legal / Taxes ($m) XX
Marketing / Others ($m) XX
Est. Total Cost ($m) XX
Est. Breakeven ($psf ppr) XX
Developer Hoi Hup & Investment Focus & Oriential Worldwide

Disclaimer

This report provides information as reference resource for your personal consumption only. It is not intended to be and does not constitute financial advice, investment advice or any other advice. This report has been generated without regard to the individual financial circumstances, needs or objectives of persons who view it. Users should not rely on any of the information herein as authoritative or substitute for the exercise of their own skill and judgment in making any investment or other decision. By the use of our services, you agree that any and all use of this report which you make, is solely at your own risk and without any recourse whatsoever to Square Foot Research Pte. Ltd., its related and affiliate companies and/or their employees. Square Foot Research Pte. Ltd. makes reasonable effort to use reliable and comprehensive information to generate this report, but we make no representation that it is accurate or complete.

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