iNz Residence EC | Choa Chua Kang EC

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The iNz Residence EC is a new Executive Condominium that is launching for sale now in early 2017. It will be another innovative SMART LIVING EC by the most prolific executive condo developer, Qingjian Realty, who is leading the way in Smart Home ECs.

iNz EC will come with flexible and functional layouts. It is one of the most affordable new ECs in the western part of Singapore. What is also exciting about iNz EC is its location next to Tengah Forest Town – recently unveiled as Singapore’s newest & largest Smart, Sustainable Green Town.

Just drop us a line below if you wish to be kept updated, or for the floor plans to be sent to you.

iNz Residence EC from Choa Chu Kang Avenue 5Artist’s Impression . iNz Residence EC by Qingjian

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The iNz Residence EC · Choa Chu Kang EC Location

iNz Residence sits between Choa Chu Kang Avenue 5 on one side, and Brickland Road on the other (across which will be the new Tengah Forest Town). Its main entrance will be from Choa Chu Kang Avenue 5.

A HDB precinct lies on its west, providing a host of supporting amenities, like shops and food centres. To its east is open land, zoned for a school. As schools are generally only built up to 6 or 7 floors, it will afford wind flow from that side.

Choa Chu Kang Park Connector borders the south of the site, in front of Brickland Road. This links to Choa Chu Kang Park and Bukit Batok Town Park. It also makes it safe and easy to cycle to the Choa Chu Kang MRT Station.

The iNz Residence EC location beside Tengah Forest Town . Click to EnlargeiNz Residence EC Location Plan and Surrounding Growth Districts

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The iNz Residence EC · Highlights

  1. Choa Chu Kang Town Centre & MRT Station, with Lot One Shopping Mall and the public library, are within easy reach of the iNz EC.
  2. Nearer still there is Sunshine Place, within 5 minutes walk, which houses a Giant supermarket, a Kopitiam foodcourt, a Kinderland, a Learning Vision @ Mall, a clinic and other shops.
  3. If you prefer to walk to a slightly bigger shopping centre, Keat Hong Shopping Centre is around 550m away, cutting diagonally under the HDB blocks. About an 8 minute walk.
     
    This is a one-stop mall for residents. Has all the basics like minimarts, a wet market, medical clinics, 3 eating outlets, and food centres. This place is also known as a paradise for fashionistas. Lots of hairdressing salons, spa and manicure shops.
  4. iNz Residence is also within a short drive of the Hillion Mall and the Bukit Panjang Integrated Transport Hub that is completing in 2017. The hub incorporates an air-conditioned bus interchange that links seamlessly to the Bukit Panjang LRT Station (BP6) & Downtown Line MRT station (DT1). This offers an alternative MRT route to the City Centre.
  5. As with its previous Visionaire EC project, Qingjian will make iNz Residence a Smart Home Living project. They will incorporate the infrastructure to enable homeowners to stay connected with, control, and monitor their homes remotely, via their mobile devices.
  6. And of course, iNz Residences EC, being in Choa Chu Kang, is on the outskirts of the Jurong Innovation and Lake Districts. This 2nd CBD of Singapore offers a wide choice of shopping, dining, entertainment & healthcare amenities like IMM, Jurong Gateway, Westgate, JCUBE, JEM, the Ng Teng Fong General Hospital, and Jurong Community Hospital.

Hillion Mall near iNz Residence ECHillion Mall @ Bukit Panjang . Short Drive from iNz Residence EC

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INZ RESIDENCE EC · SHOWFLAT VIEWING · E-APPLICATION

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iNz Residence Price Ranges

iNz Residence Price | iNz EC Pricing | Indicative iNz Residence Monthly Maintenance

The iNz Residence indicative price ranges have just been announced, as follows:

DESCRIPTION SQ FT SQ M INDICATIVE START PRICE EST MONTHLY MAINTENANCE
2 Bedroom 689 – 818 64 – 76 From $5xxK up $330
3 Bedroom 883 – 1,249 82 – 116 From $6xxK up $330 – $385
4 Bedroom 1,109 – 1,378 103 – 128 From $8xxK up $385
5 Bedroom 1,690 – 1,711 157 – 159 From $1.2xxM $440

Note that the above iNz Residence price ranges are merely the starting prices. However they look quite reasonable for the location, and among the most affordable available now. Especially as choices at the other nearby ECs are pretty limited already.

If you have a tight budget, you might want to consider getting a unit here. Just sign up below to get to be among the first, with the widest selection of units.

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iNz Residence Price · Recommendation

If you are eyeing one of the 5 bedroom maisonettes here, you are strongly recommended to sign up early for the launch itself. Especially since there are only 30 units of 5 bedroom maisonettes in this project.

iNz Residence Price Ranges . 5 Bedroom E2 DRAFTiNz Residence Price Ranges . 5 Bedroom Maisonette . Type E2

Experience at the other EC launches shows that the biggest units are usually the first to be sold out. For example, almost the 4 bedroom units at Wandervale (and certainly the most desired floor levels), and all the 5 bedroom penthouses at Brownstone, were sold out on the day of launch.

In fact, as of now, there are already no more 4 or 5 bedroom units left in the other ECs in Choa Chu Kang.

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INZ RESIDENCE PRICE · SHOWFLAT VIEWING · VIP PREVIEW

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iNz Residence Showflat

The iNz Residence showflat has 2 types of show suites: a 3 Bedroom CoSpace, and a 4 Bedroom Premium.

If you would like to view the iNz EC showflat, just drop us a line below.

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iNz Residence Showflat · ID Layout Plans

iNz Residence EC Showflat . 3 Bedroom CoSpace Layout Design . Click to EnlargeiNz Residence Showflat 3BR CoSpace Type CS3b

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iNz EC Showflat . 4 Bedroom Premium Layout Design . Click to EnlargeiNz EC Showflat 4BR Premium Type D3

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iNz Residence Showflat · Design Features

  1. The CoSpace units are designed for flexibility, to allow customisation to the buyer’s needs. Especially if these should change over time. It can be configured as an additional bedroom (turning a 3 bedroom unit into a 4 bedroom unit), or as a utility room + study, or as a storeroom + helper’s room, or as an entertainment or games or music room, and so on. The possibilities are there for you to create.
  2. Units with a study are designed such that you can amalgamate it yourself into the living room, to create a much bigger living area if you so wish.
  3. All the common bedrooms at iNz Residence can fit a queen sized bed at least, and the master bedrooms can fit a king sized bed.
  4. Ceiling heights of standard units are 2.7m, and 2.3m to 2.4m where there are false ceilings, eg. in kitchens, bathrooms, corridors.
  5. Top floor units come with higher ceilings in the living room, 4.25m high. Note that the air space in this void is part of the the strata floor area.

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iNz Residence Showflat · Provisions

  1. Kitchen appliances provided: Electrolux built in oven, telescopic cooker hood, gas stove. Town gas supply.
  2. Bathrooms: fully fitted out. Bravat sanitary fittings & sanitary ware. Hot water supply to all bathrooms (except the WC).
  3. Air Conditioning: wall mounted split units to living and dining areas, study (where applicable) and bedrooms.
  4. TV / Telephone & Data points to living room, bedrooms, study (where applicable).
  5. Main door access to units is by key or card or keypad.

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INZ RESIDENCE SHOWFLAT · VIEWING · VIP PREVIEW

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iNz Residences EC · Tengah Forest Town

iNz Residences sits on the fringe of what promises to be truly an exciting innovative new town, the Tengah Forest Town.

The master plan for this, Singapore’s 24th HDB town, that lies just across Bricklands Road from iNz Residences, was unveiled by MND in September 2016.

The key driving force for the planning of Tengah is the creation of a “Forest Town” that envisages homes surrounded by nature and greenery.

iNz Residences EC vs Tengah Forest Town LocationiNz Residences EC Location on fringe of Tengah Forest Town

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The iNz Residences EC · Greenery & Biodiversity Features

Tengah will see several ‘firsts’ in its development, and residents at iNz Residences will be able to tap on many of these as they are rolled out.

For a start, it will be the first to integrate with its surrounding greenery & biodiversity. One very attractive feature will be a 100m wide x 5km long forest corridor, that will be part of a larger network of nature reserves, connecting the Central Catchment Nature Reserve with the Western Water Catchment Area.

iNz Residences EC . Forest Corridor in Tengah New TownResidents of iNz Residences EC can enjoy forest trails in Tengah Town

This forest corridor will be a rich rainforest habitat, incorporating walking trails for residents to enjoy greenery and nature.

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The iNz Residences EC · Key Concepts

The development of Tengah will evolve around 6 major concepts, as follows:

  • An evergreen forest setting.
  • Nz Residence EC . Greenery & Nature in Tengah Forest TowniNz Residence EC beside Tengah’s Forest Fringe

  • Formation of 5 unique housing districts.
  • iNz EC . Next to Tengah's 5 DistrictsiNz EC next to Tengah’s Five Districts

  • Provisions for moving around easily.
  • iNz EC . Tengah Car Free Town CentreTengah will break new ground with its car-free town centre

  • Provisions for walking and cycling networks that will enable residents to lead active and healthier lifestyles, and commute in an eco-friendly manner.
  • iNz Residences EC . Tengah Community Farms & Cycling PathsCommunity Farms & Cycling Paths

  • Designed to encourage community living.
  • iNz Residence EC . Tengah Forest Amphiteatre at Central ParkForest Amphitheatre at Central Park

  • A Smart & Sustainable Town: Tengah will also be the 1st HDB town planned for smart technology to be incorporated from the outset.

See what iNz Residence EC residents can tap on in Tengah Town, in this video:

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THE INZ RESIDENCES EC · SHOWFLAT VIEWING · E-APPLICATION

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The Inz Residence EC · Developer

The Inz Residence EC · Developer Track Record

A JV led by Qingjian Realty, together with Suntec Property Ventures & Bohai Investments, will be developing the Inz Residence EC.

Qingjian is a well-known award winning developer, and certainly one of the most experienced in the executive condominium market. It has also been one of the top ten developers in Singapore for 3 consecutive years.

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Qingjian Realty Pte Ltd

Qingjian Realty (Residential) Pte Ltd is the Singapore arm of Qingjian Group Co. Ltd, a conglomerate based in China.

Since 2008, Qingjian Realty has undertaken a number of projects in Singapore. This includes private condominiums like RiverSound Residence in Sengkang, River Isles in Punggol, and Nin Residence in Potong Pasir.

Bellewaters EC by Qingjian Realty . Developer for the Inz Residence EC SingaporeArtist’s Impression . Bellewaters by Qingjian . Developer for the Inz Residence EC

Qingjian Realty has to be one of the most prolific and experienced executive condominium developers in Singapore. It has several ECs under its belt: RiverParc Residence, Waterbay, and Ecopolitan in Punggol, Bellewoods in Woodlands, Bellewaters in Sengkang, Visionaire in Sembawang, and now the Inz Residence EC.

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The Parent Company

Qingjian Group Co. Ltd has been established since 1952. It has a wide range of business interests that span construction, real estate development, investment, logistics & capital management. The group handles a number of residential and commercial developments. It boasts landmark projects like the Liuting International Airport and Olympic Sailing Centre, among others.

It is one of the top 500 property development companies in China. Qingjian Real Estate, its property development arm, has an output of over 1 million square meters annually. These cover a range of building types such as commercial & office buildings, large residential communities, apartments, villas, etc.

As one of the “Top 500 Chinese Enterprises” for 13 years consecutively, the Qingjian group ranked 269th in 2015. It also ranked among the “Top 80 Chinese Contractors” for 11 years consecutively, and among the “Biggest Worldwide 250 International Contractors” for 10 years consecutively.

In 2005, Qingjian won the “National Quality Management Award”. In 2012, it also won the 1st “Mayor Quality Award for Qingdao City”. Over the last few years, Qingjian has achieved over 300 honors and awards at provincial & national levels.

The group has more than 20 branches all over China, including in Beijing, Jinan, Liaoning, Weifang, Qingdao, Xinjiang, and Inner Mongolia.

Bellewoods EC by Qingjian . Developer for the Inz Residence EC SingaporeArtist’s Impression :: Bellewoods by Qingjian :: Developer of Inz Residence EC Singapore

For more details on Qingjian Realty, see www.cnqc.com. (Opens in new window.)

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THE INZ RESIDENCE EC · SHOWFLAT VIEWING · E-APPLICATION

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Inz EC Launch

Inz EC Launch . Are ECs better long-term investments than private condos?

The Business Times, 25 February 2016 edition reported that prices of ECs (Executive Condominiums) catch up with those of private condos after the initial 5-year minimum occupation period (MOP). And incidentally, even more so a further 5 years after that, 10 years after completion.

Historically, developer launch prices for ECs (such as at the Inz EC launch) is usually about 20% lower than for similarly located private condominiums. This is attributable to the sales restrictions imposed on ECs, and their attendant lower land costs.

The Visionaire EC . By Qingjian . Developer for Inz EC LaunchVisionaire EC by Qingjian . Developer for Inz EC Launch

But upon fulfilment of the 5-year MOP, and upon reaching the 10 year full privatisation stage, the gap narrows to 9% and 5% respectively.

At completion of the MOP, ECs can be sold to Singapore permanent residents or citizens, but not to foreigners. But once 10 years is over, they are designated as privatised and the restrictions are lifted, so they can be sold to foreigners too.

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The Inz EC Launch · A Sure Profit?

This does not mean that every EC is guaranteed a profit. Statistics show that it depends largely on the price of initial purchase and the time frame.

The study matched the data for 21 EC projects that had already been privatised, with their profits at the 5th and 10th years. They found that 13 projects made a loss at the 5th year. This was mainly because they were purchased during the boom time before the Asian financial crisis.

The other 8 ECs managed profits of over 20 per cent.

But upon privatisation (ie. at the 10th year), all the ECs were profitable. How much gains owners could get depended on the location, and supply of surrounding condominiums at the point of sale.

So based on historical sales data, 1st owners of privatised ECs could be sitting on quite significant gains.

Bellewoods EC by Qingjian . Developer for Inz Residence LaunchBellewoods EC by Qingjian . Developer for Inz Residence Launch

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The Inz EC Launch · A Trend

In addition, the study highlighted a trend that The Business Times had reported on as well, in an earlier article in January 2016. That report suggested that increasing vacancy rates of ECs were a sign of buyers treating their ECs as an investment. Young couples could be continuing to stay with their parents after marriage, while waiting for the value of their ECs to appreciate before selling.

The study also highlighted another finding that is perhaps not so surprising. Comparing ECs with private condos, if each is held for 10 years, ECs could be the better long-term investment. This is due to their higher internal rate of return as a result of their lower purchase prices.

Also after the 5 year MOP, ECs can be rented out. Their rentals are generally on par with similar private condos, thus giving a higher yield. This helps to defray their costs quite significantly.

The hypothetical study assumed a private condo of 1,100 sq ft bought for S$1.09 million, with a comparable EC costing S$875,000.

Its buyer is assumed to have a household income of S$14,000, and a loan of 80 per cent over 25 years at fixed interest of 2.5% pa.

Rents for both are assumed as S$3,000 monthly. To simplify the study, other costs such as stamp duties, taxes and maintenance fees were not considered.

At the 5th year, the private condo appeared the better buy, as the EC could not offset its mortgage payments with rental income, as it is barred from renting out the whole unit. This dampened its capital appreciation.

But once the rental restrictions were lifted, from the 6th year onwards, the EC quickly outperformed the private condo.

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The Inz EC Launch · Conclusion

Can it be concluded that this partially state-subsidised housing form for the “sandwiched class” buyer is no longer relevant? An author of the study said no.

…given the significant price gap between ECs and private condos, ECs provide an affordable option to HDB upgraders or 1st timers who aspire to achieve a higher standard of living. Though some may be buying ECs for investment, the majority are buying them for their own occupation.“, she explained.

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Adapted from: The Business Times, 25 February 2016 (See report – opens in new window).

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INZ EC LAUNCH · SHOWFLAT VIEWING · E-APPLICATION

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