The Florence Residences Pricing

Hong Kong-listed developer Logan Property bought the former Florence Regency site at Hougang Avenue 2 for $629 million, through an en bloc sale under private treaty.

The Florence Residences Pricing

The site area is 36,161 sqm (389,237 sqft) with a plot ratio of 2.8, the site carries the maximum Gross Floor Area of 101,244 sqm (1,089,863 sqf). After lease top-up cost, the estimated land price is $917 psf per plot ratio. After construction cost and other costs and taxes added, the breakeven for the project is is $1,303 psf.

According to Mr Chng, Logan Property’s executive director, The Florence Residences pricing is likely to be around the range of $1,400 to $1,500 psf. In that order, the indicative launch price of a one-bedroom starts from $678,000, and a two-bedroom starts from $878,000. Three bedrooms, which account for about 27% of all units, will be priced from $1.248 million. The Florence Residences pricing for four-bedroom units is likely going to be from $1.7 million and five bedrooms from $2.449 million.

The Florence Residences Price List

TypeLo PSFHi PSFLo PriceHi Price
1 Bedroom$1,444$1,732$747,000$890,000
1 Bedroom + Study$1,410$1,762$823,000$989,000
2 Bedroom + Study$1,469$1,767$1,146,000$1,306,000
2 Bedroom Classic$1,381$1,756$962,000$1,167,000
2 Bedroom Deluxe$1,420$1,786$1,043,000$1,262,000
3 Bedroom Classic$1,339$1,718$1,345,000$1,692,000
3 Bedroom Deluxe$1,326$1,749$1,470,000$1,827,000
4 Bedroom Classic$1,318$1,643$1,853,000$2,201,000
4 Bedroom Deluxe$1,327$1,504$2,007,000$2,258,000
5 Bedroom$1,399$1,600$2,456,000$2,761,000