SINGAPORE – E-applications for an upcoming executive condominium (EC) in Yio Chu Kang Road open next Tuesday (July 4), amid a rallying property market.
The 531-unit Hundred Palms Residence is the second EC to hit the market this year.
It follows the 497-unit iNZ Residence in Choa Chu Kang, which attracted more than 450 e-applications the weekend it opened in February. By May, the developer had sold 249 units, according to Urban Redevelopment Authority records.
Both ECs offer residents “smart home” technology, with doors and electronics that can be controlled by an app.
The indicative price for three-bedroom flats in Hundred Palms Residences, which is developed by Hoi Hup Realty, ranges from $715,000 to $975,000.
Four-bedders could go for $1.03 million to $1.13 million, and five-bedroom units from $1.19 million to $1.29 million.