Hundred Palms Residences is one of the most well-known Executive Condominiums (ECs) in Singapore. When the project launched for sale in 2017, it was completely sold out in seven hours. Then, a unit in that development was the first resale EC to transact for more than $3 million.
Located on Yio Chu Kang Road in District 19, Hundred Palms Residences is a 531-unit development that was completed in 2019. This EC has the advantage of being within one-kilometre to several primary schools, including Rosyth School, and the development features a mix of generously sized units, an attribute we’ll examine closer in this article.
The appealing qualities of this EC has resulted in the project being held up as the standard within the segment by most homeowners. The development exemplifies the advantage that most buyers seek in an EC, namely a low entry price that often leads to high capital gains after it completes its minimum occupation period (MOP).
But this also raises a few questions. Now that the development is older, can it still continue to see strong price growth? And if so, what kind of price performance can buyers or sellers expect going forward?
A consideration is that Hundred Palms Residences is set to benefit from another price uplift in the future, namely the completion of Serangoon North MRT station on the Cross Island Line in 2030. This will significantly improve the public transport connectivity for residents in the area, including Hundred Palms Residences.
A snapshot of Hundred Palms Residences EC
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