The Florence Residences Review — Hougang · D19
HuatScore: 61/100 — Good
Is The Florence Residences a good buy?
HuatScore rates The Florence Residences 61/100 — a "Good" verdict. That makes it a conditional buy for value-focused buyers comfortable with the location tradeoff and investors chasing a workable ~3.2% yield. Strongest card: Both anchors locked in. Main watch-out: Thin future upgrader pool. Pricing is reasonable for the location at current market.
Last updated 2026-08-03 · scored against URA caveat data.
Key facts
- Verdict: Good
- Region: Outside Central Region
- Tenure: 99-yr leasehold
- Completed: 2022
- Units: 1,410
- Developer: Logan Property
- Avg PSF: ~$1,850 psf
- Price from: S$0.7M
Live market data
- Resale transactions (12mo): 80
- Recent resale PSF: ~$1,820 psf
- PSF vs district resale benchmark: -9%
- Gross rental yield: 3.5%
What works in its favour
- Both anchors locked in: 917m to HOLY INNOCENTS' PRIMARY SCHOOL [SAP] and 788m (~10-min walk) to Hougang MRT (Exit A). Strictly within the P1 1km zone, plus walkable to the nearest MRT entrance. This is the non-negotiable demand anchor — kiasu parents AND yield-chasing investors are both your buyers.
- Popular primary inside 1km — HOLY INNOCENTS' PRIMARY SCHOOL: HOLY INNOCENTS' PRIMARY SCHOOL is SAP. These primaries are heavily oversubscribed, so addresses inside the 1km P1 zone hold a durable premium — kiasu parents will pay up to keep this option open.
- Sensible price gap: PSF sits 9% below the local resale benchmark — you are buying under the established market rather than ahead of it.
- Healthy transaction liquidity: 80 resale transactions in the past 12 months — wide exit pool, easier to price-discover.
What to watch out for
- Thin future upgrader pool: Live count: 0 HDB blocks within 2km cross the 5-year MOP between 2025 and 2028 (of 798 HDB blocks total within 2km). Narrow pool to absorb your resale — demand leans more on private-market churn here.
Who The Florence Residences suits
- Value-focused buyers comfortable with the location tradeoff
- Yield investors — ~3.2% gross is workable; favour larger unit types
- Buyers who value a stable, established neighbourhood over speculative upside
Who should look elsewhere
- Buyers hunting deep relative value — the market has already priced in most of the story
- Short-term flippers — stamp duty + agent fees demand a 5-year minimum hold
- Buyers wanting a guaranteed top-tier primary within 1km walking distance
Huat Kueh says
1,410-unit giant, basically sold out. Resale liquidity here is buffet-style.