Upcoming homes in Hougang
While there were no BTO flats launched in Hougang in 2018, the HDB did put on offer 65 units for sale under the Sale of Balance Flats (SBF) exercise with a range of 2-room Flexi, 3-, 4-, 5-room/3Gen flats in November 2018. Prices ranged from $55,000 for a 2-room Flexi (short-lease) unit to $365,000 for a 3Gen unit.
* For offer to elderly (aged 55 and above) only, and will be sold on a short-lease of between 15 to 45 years.
There were two new condominiums in Hougang in the past 12 months, namely, The Florence Residences and Riverfront Residences. The Florence Residences is a 1,410-unit development while Riverfront Residences comprises 1,472 units. The former is nestled within the private housing estate of Kovan and just opposite Hougang Stadium while the latter faces the Serangoon Park Connector and is within walking distance to Punggol Park. The Florence Residences will appeal to parents with school-going children as it is surrounded by numerous good schools such as Montfort Junior School, Holy Innocents’ High School and Xinghua Primary School. Meanwhile, Riverfront Residences will appeal to nature and sports lovers as well as those seeking to live in a tranquil environment.
Looking ahead, HDB has not announced any plans to launch new BTO projects in Hougang. Therefore, prospective buyers may want to look into the HDB resale market or the above-mentioned condominiums for HDB upgraders.
There is more good news. Under the Draft Master Plan 2019, the government has set aside land close to Punggol Park for residential developments in the next 10 to 15 years. Therefore, those looking to buy new projects from the HDB market might want to look out for new launch announcements later this year.