Home Buy All 1RM D19 - Hougang / Punggol / Sengkang1 Bed Condo for Sale in The Florence Residences

1 Bed Condo for Sale in The Florence Residences

81 Hougang Avenue 2 538859, Kovan, North-east Region, Singapore

$870,000

Added a month ago

CondoFor sale

Beds: 1Baths: 1Area: 517 sqft

Above Market· 5.0% above market

+2View all

Property Details

Property IDgAAveWaoLQNrtjVYXjdfJT

PriceS$870,000

Property TypeCondo

StatusFor sale

Beds1

Baths1

Built Area517 sqft

PSF

S$1,683

Year Built2024

Furnished StatusUnknown

Description

Development Information

District & Area

D19 - Hougang

Nearest MRT

Kovan MRT

Tenure

99 years

TOP Date

30 March 2024

Project Size

Large (1410 units)

1410 units

Building Structure

10 Blocks, 18 Floors

Developer

Florence Development Pte. Ltd. (Logan Property (Singapore) Company Pte. Limited)

Unit Configuration

Bedroom Types1, 2, 3, 4, 5 Bedroom

Floor Plan Details

The Florence Residences has a total of 1410 units, from 1 Bed - 1 Bath to 5 Bed - 4 Bath units. There are 116 types of floor plans from 474 sqft to 1,916 sqft.

Site Plan

The Florence Residences has 10 blocks and up to 18 storeys.

Development Facilities

GymHammocksHydrotherapy PoolJacuzziJogging TrackKaraokeLap PoolLibraryPavilionPondReflective PoolSteam RoomYoga Corner

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Features & Amenities

Pavilion

Karaoke

Gym

Lap pool

Library

Steam room

Yoga corner

Jogging track

Hammocks

Hydrotherapy pool

Pond

Jacuzzi

Location

81 Hougang Avenue 2 538859, Kovan, North-east Region, Singapore

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Mortgage Calculation

Price

Tenure (yrs)20 yrs

410203035

Loan (%)75 %

1020406075

Interest (%)4 %

0.1123456

Mortgage calculation on 4% interest rate

S$ 0

Loan Amount (75%)

Downpayment (25%)

S$ 0

/month

Principal

S$ 0

Interest

S$ 0

Total Transactions

338

Average Price

S1.3M

Total Value

S444.8M

Sales Timeline

Home Report · AVM Fair Value

Automated Valuation based on 1602 URA transactions · 103 outliers removed (IQR)

Fair Value

S$828,397

S$1,602 psf

Asking Price

S$870,000

S$1,683 psf

vs Market

+5.0%

Above Market

vs Last Done

+9.4%

Above Market

Tenure

97 yrs

99-year Leasehold · Balance remaining

Confidence

High

1602 comps

High = 10+ comps

Medium = 5–9 comps

Low = <5 comps

Nearest MRT

Kovan

765m away · +1% premium

URA PSF Trendline vs Listing Price

Hedonic Adjustment Breakdown

Base URA PSF

1602 comparable transactions

S$1,687

Floor Premium

0.5% per floor vs median

+0.0%

Tenure Decay

Bala's curve (99yr leasehold)

×0.941

MRT Proximity

Within 500m / 1km

+1%

AI Condition Premium

HELIOS scan of listing description

Adjusted Fair Value PSF

S$1,602

Recent Comparable Transactions

10 shown · 1602 total

Date	Block / Street	Area	Price	PSF	Tenure
Last DoneAug 2025	ROBEY CRESCENT Floor 01-05	517sqft	S$795,000	▼S$1,539 -3.9% vs FV	999 yrs lease commencing from 1875
Aug 2025	ROBEY CRESCENT Floor 01-05	517sqft	S$795,000	▼S$1,539 -3.9% vs FV	999 yrs lease commencing from 1875
Aug 2025	LORONG 1 REALTY PARK Floor -	1,874sqft	S$4,150,000	▲S$2,214 +38.2% vs FV	999 yrs lease commencing from 1876
Aug 2025	PARK VILLAS GREEN Floor -	3,142sqft	S$3,600,000	▼S$1,146 -28.5% vs FV	99 yrs lease commencing from 1994
Aug 2025	TAMPINES ROAD Floor 16-20	1,367sqft	S$3,000,008	▲S$2,195 +37.0% vs FV	Freehold
Aug 2025	HOUGANG AVENUE 2 Floor 11-15	527sqft	S$935,000	▲S$1,773 +10.7% vs FV	99 yrs lease commencing from 2018
Aug 2025	HOUGANG AVENUE 2 Floor 06-10	926sqft	S$1,818,000	▲S$1,964 +22.6% vs FV	99 yrs lease commencing from 2018
Aug 2025	HOUGANG AVENUE 2 Floor 06-10	635sqft	S$1,100,000	▲S$1,732 +8.1% vs FV	99 yrs lease commencing from 2018
Aug 2025	HOUGANG AVENUE 2 Floor 06-10	936sqft	S$1,550,000	▲S$1,655 +3.3% vs FV	99 yrs lease commencing from 2018
Aug 2025	TAMPINES ROAD Floor 01-05	431sqft	S$663,800	▼S$1,542 -3.7% vs FV	99 yrs lease commencing from 2010
Aug 2025	KOVAN ROAD Floor 06-10	1,259sqft	S$2,480,000	▲S$1,969 +22.9% vs FV	99 yrs lease commencing from 2007

Last Done

ROBEY CRESCENT

Aug 2025 · Floor 01-05

▼S$1,539 psf

-3.9% vs FV

517 sqftS$795,000999 yrs lease commencing from 1875

ROBEY CRESCENT

Aug 2025 · Floor 01-05

▼S$1,539 psf

-3.9% vs FV

517 sqftS$795,000999 yrs lease commencing from 1875

LORONG 1 REALTY PARK

Aug 2025 · Floor -

▲S$2,214 psf

+38.2% vs FV

1,874 sqftS$4,150,000999 yrs lease commencing from 1876

PARK VILLAS GREEN

Aug 2025 · Floor -

▼S$1,146 psf

-28.5% vs FV

3,142 sqftS$3,600,00099 yrs lease commencing from 1994

TAMPINES ROAD

Aug 2025 · Floor 16-20

▲S$2,195 psf

+37.0% vs FV

1,367 sqftS$3,000,008Freehold

HOUGANG AVENUE 2

Aug 2025 · Floor 11-15

▲S$1,773 psf

+10.7% vs FV

527 sqftS$935,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Aug 2025 · Floor 06-10

▲S$1,964 psf

+22.6% vs FV

926 sqftS$1,818,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Aug 2025 · Floor 06-10

▲S$1,732 psf

+8.1% vs FV

635 sqftS$1,100,00099 yrs lease commencing from 2018

HOUGANG AVENUE 2

Aug 2025 · Floor 06-10

▲S$1,655 psf

+3.3% vs FV

936 sqftS$1,550,00099 yrs lease commencing from 2018

TAMPINES ROAD

Aug 2025 · Floor 01-05

▼S$1,542 psf

-3.7% vs FV

431 sqftS$663,80099 yrs lease commencing from 2010

KOVAN ROAD

Aug 2025 · Floor 06-10

▲S$1,969 psf

+22.9% vs FV

1,259 sqftS$2,480,00099 yrs lease commencing from 2007

Below Fair Value

Above Fair Value

FV: S$1,602 psf

HELIOS AI Analysis

Based on 1602 URA transactions (103 outliers removed), adjusted for: Tenure decay (5.9% discount); MRT Kovan 765m away (+1%)

⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.

Calculating fair value from URA transaction data…

Fu Xing Ng

License: L3008899K

1 Bed Condo for Sale in The Florence Residences

IMAGES GALLERY

Property Details

Description

District & Area

Nearest MRT

Tenure

TOP Date

Project Size

Building Structure

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Location

Mortgage Calculation

Mortgage calculation on 4% interest rate

Sales Timeline

Home Report · AVM Fair Value

Fu Xing Ng

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Home Report · AVM Fair Value