iNz Residence EC | Choa Chua Kang EC


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


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


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



If you would like to be kept posted on all the iNz EC updates or register for showflat viewing, please email us here.

Update: iNZ Residence is fully sold out. Thank you for your interest.



Here we will discuss the next upcoming condo launch, to be called the Antares condo. Unlike iNz however, it won’t be an executive condominium, but will rather be a private residential development.

The Antares will be developed by a collaboration of three parties, jointly called FSKH Development. These three are Keong Hong Holdings, TA Corporation, and Hock Lian Seng Holdings. All three are local developers, unlike for iNz that is being developed by Qingjian.

The other important factors to distinguish the Antares condo are its accessibility and location. Its site at Mattar Road is within what is typically known as the RCR or Rest of Central Region. Residences within this zone certainly command a premium over those in the suburbs, or OCR (Outside Central Region) areas, like for iNz Residence.

In terms of accessibility, you certainly can’t get any better than this. The Antares is almost literally on the doorstep of Mattar MRT station, less than 100 metres from it. Door to door, it could take under 3 minutes. Do call us up for a viewing of the Antares showflat, if you like the neighbourhood.

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.


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.


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 (Opens in new window.)



If you would like us to keep you posted on all the Inz Residence EC updates or register for a showflat viewing, please email us here.

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.


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


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.


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.


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



If you would like to be kept posted on all the Inz Residence launch updates or to register for a showflat viewing, please email us here.


15 Holland Hill . Freehold development in District 10 near Dempsey Hill and Holland Village . Redeveloped on site of previous Olina Lodge at top of 15 Holland Hill . To launch 2nd half 2018 by Peak Opal Singapore