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iNz Residence Launch – Review of NEW EC Launch

Posted by adminnlsg on February 20, 2017
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The first Executive Condominium (EC) to be launched in 2017 will be the iNz Residence EC. Those who are on the lookout for property to buy are advised to keep tabs on this project as the demand is expected to be high especially with HDB upgraders. There are only three ECs to be launched in 2017 versus the five EC projects that were rolled out in 2016. The iNz Residence EC is located at Choa Chu Kang Avenue 5.

 

Details on the project

iNz Residence Launch - Review of NEW EC Launch

iNz Residence’s location is nearby Tengah. This area is slated to undergo redevelopment in the near future.

 

Development of iNz Residence EC was awarded to Qingjian Realty. The developer won with the bid of $156 million it submitted in August 2015.

The development will be comprised of nine blocks of 15- and 16- storey apartment buildings, with a total of 497 units. The expected TOP date will be in August 2019. Those who wish to have an idea about the project may visit the showflat which is located near the actual site (between Brickland Road and Choa Chu Kang Avenue 5).

 

Available units and corresponding estimated launch price

Unit Type Floor Size (Sq Ft) Estimated Launch Price*
2 BR 689 – 818 $577,382 – $685,484
3 BR 883 – 1249 $739,954 – $1,046,662
4 BR 1109 – 1378 $929,342 – $1,154,764
5 BR 1690 – 1711 $1,416,220 – $1,433,818

*These figures are based on the average psf $838.65. Note that these are only an estimate and are subject to change during the launch date.

 

Comparison with similar projects

Wandervale EC – average $717 psf

Sol Acres EC – average $743 psf

 

What will an iNz Residence EC home look like?

iNz Residence EC units will be equipped with Smart Home capabilities, much like those of The Visionaire EC units that Qingjian developed as well. With a Smart Home system, homeowners will be able to have remote access and control to their homes via their mobile devices. For example, a homeowner can lock or unlock their doors with the use of their cell phones. They will have similar remote access to their smart home devices such as air conditioning units, lighting system and speakers through mobile app installed on their phone.

 

What will the iNz Residence EC neighbourhood be like?

iNz Residence EC will be located right next to Tengah Forest Town. This upcoming development is slated to be the largest smart town in the country. The development will feature a “Forest Fringe” which runs around the town. There will also be a 5km long and 100m wide forest corridor which will be linked to the adjacent catchment areas as well as the surrounding green network. These features are expected to appeal to property buyers who are into nature. 

 

iNz Residence Launch - Review of NEW EC Launch 2

 

Going to and from iNz Residence EC is a breeze with the Kranji Expressway (KJE). Those who take public transportation will find it similarly easy as the Choa Chu Kang MRT station is just a few bus stops away. It will also be nearby the future Bukit Panjang Integrated Transport Hub. Once operational, this transport hub will link all public transportation such as the MRT, LRT, and bus lines.

The EC is also ideal for those with growing families as there are several reputable educational institutions nearby. In fact, the eastern side of iNz Residence EC is open land that has been zoned for a future school. Homeowners don’t have to worry about obstruction of windflow when the school is up since school buildings are typically up to six storeys only.

 

 

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