The Florence Residences

Overview

Unit Info

Sales

Rental

Surrounding

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Overview

Unit Info

Sales

Rental

Surrounding

More

  5
 3
 0

Sale Price *

Average
S$ 1,775 psf
Range
S$ 1,486 - 1,955 psf

Rental Price **

Average
S$ 5.6 psf pm
Range
S$ 4.1 - 7.6 psf pm

Rental Yield **

3.8%

Rental income expressed as a percentage of the property's value.

Amenities

3.0
3.0

Convenience

3.7
3.7

Connectivity

Details

No data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities
0 Facilities Available
Description
The Florence Residences is a leasehold (99 yrs from 2018) apartment, condominium completed in 2023. It is developed by FLORENCE DEVELOPMENT PTE LTD. The development occupies a land area of 36,161 sqm and a Gross Floor Area of 101,244 sqm. It consists of 1410 units. According to records, buyers of this development are Singaporean 87.4%, PR 11.6%, Foreigner 1.0%, Company 0.0%.

THE FLORENCE RESIDENCES is located along Hougang Avenue 2 in Hougang, in District 19. It is accessible through the nearest MRTs including Kovan NE13 and Hougang NE14.

Based on transaction data in the last 12 months, sale prices range from S$ 1,486 psf to S$ 1,955 psf at an average of S$ 1,775 psf. Its highest recorded transaction was S$ 2,106 psf in Jul 2022 for a 527-sqft unit. Its lowest recorded transaction was S$ 1,218 psf in Aug 2019 for a 1,044-sqft unit. Its current rental yield is at 3.8%. Other nearby amenities include: 3 Grocerie(s): COLD STORAGE SINGAPORE (1983) PTE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD, NTUC FAIRPRICE CO-OPERATIVE LTD, and 1 Shopping Mall: HEARTLAND MALL.

Buyers and tenants are attracted to District 19, which is comprised of Hougang, Punggol, Sengkang and Serangoon Gardens. These four areas are mostly residential with recreational and commercial amenities. Hougang is the largest HDB town in Singapore based on land area. Private houses can be found in the Lorong Ah Soo and Rosyth areas. Originally comprised of forests and pig-rearing farms, Hougang has evolved into a vibrant residential area with a wide array of amenities. These include a number of shopping malls, Hougang Sports Hall, and a bus interchange with a range of bus services to other parts of Singapore. Punggol is a relatively new residential estate in Singapore's North-East Region. Historically a fishing village resided by Malay settlers, Punggol is now a vibrant mix of residential developments and nature. Residents can leisurely cycle along the 4.2km-long Punggol Waterway or head to Coney Island, a 133ha island popular for jet skiing and camping. Sengkang has experienced rapid development since its early days as a fishing village. It is now a satellite residential town with a well-developed LRT system offering access to different parts of Sengkang. Sengkang also offers a wide array of work and play amenities, with the main shopping mall Compass One being Singapore's first thematic shopping centre based on the theme of learning.

The North-East Region is the second largest and most densely populated of the five regions in Singapore, with Sengkang being its most populous town. Spanning 13,810ha, the North-East Region is mainly a residential region and housing estate largely comprised of HDB flats. In addition to a myriad of amenities including hospitals, parks, schools and transport options, the region is also home to a few tourist attractions such as Pulau Ubin and Coney Island. Seletar Aerospace Park, which comprises of several aviation manufacturing and research facilities by companies such Rolls-Royce and Singapore Technologies Aerospace, provide employment opportunities to residents both within and beyond the region. Sengkang General Hospital, a 1000-bed hospital, is the largest in the region and is built to further the government's efforts to provide quality and accessible healthcare to all Singaporeans.
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What they say
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5
"Located in mature estate with nice amenities around the condo"
J****** T*
Google Review     |   02 Jul 2022
3
"hellloooo dont move here stay where you are now :"
O*******
Google Review     |   03 May 2022
5
"I'm working come fast 2018 now 2022. 4yeah I working here very good place"
M* M********
Google Review     |   21 Apr 2022
5
"Big development with many appealing facilities. Close proximity to Hougang MRT Station"
W***** T**
Google Review     |   11 Mar 2022
1
"Dont really want to post 1-star but the marketing for this condo is bordering on lying. The condo is not close to any MRT at all! At least a 12-min brisk walk to either Hougang or Kovan MRT with no shelter. And it is not located in Kovan estate also. Kovan market is 20 minutes walk away. Sometimes you really wish developers are more honest"
D**** A**
Google Review     |   21 Jan 2022
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Nearby Amenities
Source: URA,  www.edgeprop.sg
All Nearby Amenities

Within 500m

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SchoolSchool
Eat & ShopEat & Shop
OthersOthers
Floor Plans
81
1
1

THE FLORENCE RESIDENCES - 81 - 1 - 1

Size Distribution
Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
Unit Mix

Sales Transaction of THE FLORENCE RESIDENCES (Limited to 10)

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Date
Area(sqft)
Bedrooms
Price(S$ psf)
Price (S$)
Type of Sale
Address
Type of Area
Purchaser Address
Source

Asking Price of THE FLORENCE RESIDENCES

Source: URA, https://www.edgeprop.sg

Listed On
Days in Market
Property Type
Bedrooms
Floor Area
Price (S$)
PSF (S$)
Agent NameAgent Mobile
Link
0 asking price for sale selected

Developer's Selling Prices

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Developer's Sales

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Price Trends

Volume Trends

No data
Rental Transactions of THE FLORENCE RESIDENCES

Lease Start
Unit Size (Sqft)
Monthly Rent (S$)
Bedrooms
Monthly Rent (Est. S$ psf)
Street
Type
Source

Rental Trends

Average Rental Yield Analysis
*Based on transactions and rents in the past 6 months.
Unit Size (sqft)
Average Monthly Rent (S$)
Rental Contracts
Average Price (S$)
Transactions
Rental Yield (%)
Historical Quarterly Rental

Price Comparison with Nearby Properties (UP to 10)

(Within 1000 meters)

Note: *Based on URA Sales data in the last 12 months. **Based on URA Rental data in the last 12 months.

Marker
Project Name
Tenure
Completion Date
Distance (m)
Min Price* (S$ psf)
AVG Price* (S$ psf)
Max Price* (S$ psf)
Min Rental** (S$ psf pm)
AVG Rental** (S$ psf pm)
Max Rental** (S$ psf pm)
Rental Yield** (%)

Nearby Land Sales

StatusStreet NameLocationLand AttributesEstimated Breakeven
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Listings

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thumb-images
10
$1,799,999

    • 3 beds
    • 2 baths
    • Condominium
    • D19
    • 2023
    • 99 years
    • S$ 1,920 psf
    • Hougang Avenue 2
    Raymond Chua
    send_enquiry
    thumb-images
    10
    $1,720,000

      • 3 beds
      • 2 baths
      • Condominium
      • D19
      • 2023
      • 99 years
      • S$ 1,860 psf
      • Hougang Avenue 2
      ALVIN CHEONG
      send_enquiry
      thumb-images
      10
      $1,575,000

        • 2 beds
        • 2 baths
        • Condominium
        • D19
        • 2023
        • 99 years
        • S$ 2,090 psf
        • Hougang Avenue 2
        Jeremy Tan
        send_enquiry
        thumb-images
        10
        $1,598,000

          • 3 beds
          • 2 baths
          • Condominium
          • D19
          • 2023
          • 99 years
          • S$ 1,710 psf
          • Hougang Avenue 2
          Stan Lee
          send_enquiry
          thumb-images
          10
          $1,300,000

            • 2 beds
            • 2 baths
            • Condominium
            • D19
            • 2023
            • 99 years
            • S$ 1,800 psf
            • Hougang Avenue 2
            Stan Lee
            send_enquiry
            thumb-images
            10
            $1,077,000

              • 2 beds
              • 1 bath
              • Condominium
              • D19
              • 2023
              • 99 years
              • S$ 1,690 psf
              • Hougang Avenue 2
              Kevin Aw
              send_enquiry
              thumb-images
              10
              $900,000

                • 1 bed
                • 1 bath
                • Condominium
                • D19
                • 2023
                • 99 years
                • S$ 1,860 psf
                • Hougang Avenue 2
                Sheryl Yeo
                send_enquiry
                thumb-images
                10
                $1,150,000

                  • 2 beds
                  • 1 bath
                  • Condominium
                  • D19
                  • 2023
                  • 99 years
                  • S$ 1,810 psf
                  • Hougang Avenue 2
                  Florence Lai
                  send_enquiry
                  thumb-images
                  10
                  $938,000

                    • 1 bed
                    • 1 bath
                    • Condominium
                    • D19
                    • 2023
                    • 99 years
                    • S$ 1,940 psf
                    • Hougang Avenue 2
                    Asthee Chua
                    send_enquiry
                    thumb-images
                    10
                    $1,198,000

                      • 2 beds
                      • 1 bath
                      • Condominium
                      • D19
                      • 2023
                      • 99 years
                      • S$ 1,890 psf
                      • Hougang Avenue 2
                      Teni Atmadja
                      send_enquiry

                      View More
                      Property News

                      The Florence Residences hits new high of $2,006 psf

                      Property News

                      December sales at 1,217 units, highest since 2012

                      Property News

                      2020: A year of contrasts

                      Property News

                      November new home sales up by 18.9% m-o-m

                      Property News

                      1,080 private new homes sold in July, highest in 2020

                      FAQs about THE FLORENCE RESIDENCES

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