Some design perspectives of the new project FLO Residence is out,
Artiste Impressions of FLO Residence
For those who are not familiar with ADDP Architect, they are the ones responsible for Grand Duchess at St Patrick’s, NIN Residence, Natura Loft, Parc Emily and many more award winning residential enclaves.
ZACD & Capital Development are the joint developers for FLO Residence; Both are not new to the local residential market and have extensive experiences in both building and planning in creating lifestyle homes.
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by Benson Koh on April 19, 2012
in URA News
With effect from 18th April 2012, the new Housing Development Rules changes in the Housing Development Act (HDA) kicks in for greater transparency for the consumers when purchasing a brand new home from the primary sale market. Extracted from URA, these are among the key changes:-
1. Mandatory information to intending home-buyers
Developers will have to provide more information on the housing project and property to home-buyers before the issue of the Option-to-Purchase. The information to be provided would include a drawn-to-scale location plan and site plan of the project, unit floor plan and a breakdown of a unit’s floor area by the various spaces such as bedrooms, balconies and bay windows.
2. Track record of developers
Developers will have to provide information on at least one completed project they had built to home-buyers before the issue of the Option-to-Purchase.
3. Home-buyers’ consent for changes to a housing unit
Developers will have to obtain the home-buyer’s consent for changes in a unit that would affect the home-buyer, e.g. changes to the layout of the unit.
4. Extend controls on advertisements to those on websites
Existing controls on advertisements in newspapers and sales brochures will be extended to advertisements on websites. Similar to advertisements in newspapers and sales brochures, advertisements on websites must not contain any false or misleading information.
This definitely gives a whole new level of transparency to home buyers (especially the first timers), and they would expect what they see is what they mostly will get (minus off the interior design treatment).
Thumbs up.
I would not think that should affect too much on the property market since they account for less than 1% of the property transactions in Singapore, but MAS has mentioned it will scrap off the Financial Investor Scheme (FIS) from the Global Investor Program soon.
Under the GIP scheme, the foreigner has to invest S$2.5 million in a new company in Singapore or expand an existing business that has an annual turnover of at least S$30 million.
EDB said the details of the changes will be available on the Contact Singapore website next Sunday.
The GIP, along with the Monetary Authority of Singapore’s Financial Investor Scheme are seen as quick ways for wealthy foreigners to obtain permanent resident status in Singapore.
Details on Channel News Asia.
Here are the breakdown on why FLO Residence in Punggol Field might spark your interest,
Central Location in Punggol
- Next to Coral Edge LRT (5 min to Punggol MRT)
- 3 stops to Punggol MRT and new Mega Shopping Mall (Waterway Point)
- Next to Punggol Riverwalk(Waterfront & Boardwalk)
- Next to Punggol Plaza, Next to Punggol 21 CC & @ Punggol (Riverside F&B restaurants)
- Short walk away to many recreational activities @ Punggol including Golf Driving Range, Futsal, Seafood & Fast Food Restaurants
- 10 minutes drive to Nex Mall
- 20 minutes drive to Town via KPE and the upcoming Marina Coastal Expressway
- Next to upcoming International School
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