The Florence Residences
REALSCOREⓘ
Profitability rank across Singapore
3.5
User Score
User ratings for this property
4.5
Annual Returns
Avg annualized profit (past 1y)
3.1%
Completed in 2023, The Florence Residences is a sprawling 1,410-unit development in Hougang that offers a wide range of modern facilities and a layout variety designed for diverse household needs 🏊.
Good to know: Features a massive selection of 1,410 units including 1- to 5-bedroom configurations 🏢; Located within 1km of several schools including Xinmin Primary and Holy Innocents' Primary 🏫.
Practical note: Given the project's large scale, residents may prefer the extensive on-site amenities over the short walk to Kovan MRT station for daily commutes 🚆.
< 1km
MRT Station
Mega
Development
< 10y
Property Age
Near
$1M+ HDB
50+
Deals Past Yr
> 1K
MOPs in Town
100%
Profitable
Top 20
Schools
Project Facts
Street
Hougang Avenue 2
Developer
Florence Development Pte Ltd
Property Type
Apartment
Completion
2023
Total Units
1,410
Plot Ratio
2.8
Unit Size
474 - 1,916 sqft
Tenure
115 yrs from 28/03/1983, 99 yrs from 24/12/2018
Lease Remaining
107 yrs
Postal Sector
53
Nearby Stations
- HougangNE14
- KovanNE13
Nearby Primary Schools
- Xinmin Primary School
- Holy Innocents' Primary School
- Montfort Junior School
Transaction
38%
Sold At Launch
56%
HDB Buyers
$2.3B+
Total Transacted
02-03-2019
First Transacted
02-07-2026
Last Transacted
1,832
Total Transactions
Transaction Volume
New SaleSub SaleResale
97.2%
% Profitable
410
Profitable
12
Unprofitable
48
> 6% Annualized
4.4 yrs
Avg Holding
$95.4M
Total Profits
Annualized Profit %
Unit Distribution
| Type | Units | % | Size |
|---|---|---|---|
| 1 BR | 216 | 15.32% | 474 - 603 sqft |
| 1 BR + Study | 72 | 5.11% | 527 - 667 sqft |
| 2 BR Classic | 264 | 18.72% | 624 - 807 sqft |
| 2 BR Deluxe | 292 | 20.71% | 646 - 915 sqft |
| 2 BR + Study | 52 | 3.69% | 700 - 926 sqft |
| 3 BR Classic | 232 | 16.45% | 893 - 1,206 sqft |
| 3 BR Deluxe | 154 | 10.92% | 990 - 1,281 sqft |
| 4 BR Classic | 64 | 4.54% | 1,270 - 1,582 sqft |
| 4 BR Deluxe | 16 | 1.13% | 1,389 - 1,701 sqft |
| 5 BR | 48 | 3.40% | 1,668 - 1,916 sqft |
Profitability by Block
| Block | Postal Code | Profitable % | Annualized Profit % |
|---|---|---|---|
| 89 | 538863 | 100.0% | 4.5% |
| 93 | 538865 | 98.0% | 4.2% |
| 87 | 538862 | 98.0% | 3.6% |
| 85 | 538861 | 98.0% | 4.2% |
| 91 | 538864 | 98.0% | 4.1% |
| 83 | 538860 | 97.9% | 4.0% |
| 81 | 538859 | 95.7% | 3.9% |
| 97 | 533753 | 95.5% | 3.7% |
| 95 | 533754 | 93.9% | 4.0% |
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