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Flo Residence @ Punggol: Peaceful Homes in the Coast Perfect for Working Professionals and Families

Ohmyhome

Ohmyhome

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Flo Residence, located at Punggol Field Walk in District 19, is a 99-year leasehold condominium developed by Publique Realty Pte Ltd (Capital Development & ZACD Investments). It comprises 530 residential units of 2-, 3- and 4-bedroom apartments. The property offers excellent amenities guaranteed to provide you convenience and comfort. Find out more about what this development has to offer.

4 Reasons Why Flo Residence Is an Ideal Home:

1. Specifications and Perks for Own Stay

Project Name Tenure TOP Unit Type (up to) Size in sqft Average Price PSF (up to)
Flo Residence 99-year leasehold 2016 2-bedroom
3-bedroom
4-bedroom
786
1,625
1,485
$960

Flo Residence offers an inclusive selection of facilities for residents of all ages. The first thing that will catch your eye is the unique design of the clubhouse, a mix of contours and arching spars inspired by the history of Punggol three of the most recognisable buildings in the world – Sydney Opera House, 30 St Mary Axe, and Beijing CCTV Building.

The clubhouse houses a gymnasium, theatrette, function room, changing rooms, and sauna rooms. Other facilities include an outdoor fitness corner, a tennis court, aqua gym, five pools (50m lap pool, water lounge, pool alcove, pool spa lounge, and children’s pool), two lounge areas (rest alcove and sun deck), and more.

2. Accessibility, Amenities, and Recreational Spots

Being in Punggol, you can enjoy living in a new development town while indulging in the privacy of being away from the business of the central region. Since the property is close to three train stations (Coral Edge LRT, Punggol MRT, and Sengkang MRT), you can get around anywhere seamlessly. Flo Residence is also accessible via Tampines Expressway (TPE) and Kallang-Paya Lebar Expressway (KPE). It would take you about 24 minutes to drive to the Central Business District (CBD) and 21 minutes to Orchard Road.

Need to restock on essentials? Residents can head to the nearest supermarkets, Prime Supermarket and Sheng Siong Supermarket, for grocery shopping. Malls which are close are Punggol Plaza, Rivervale Mall and Rivervale Plaza. There’s also a golf driving range and futsal court around the corner. Relish what nature has to offer at Punggol Park while you jog or stroll along the shores of its5-hectare pond. Feeling adventurous? Venture beyond the park and explore the scenic views of Lorong Halus Wetland and Sengkang Riverside Park through the North Eastern Riverine Loop.

3. Education, Employment, and Healthcare

Flo Residence is close to several schools. Within a 500m radius, there are seven childcare centres, one kindergarten, and a primary school (Greendale Primary School). You can reach these places by foot within five minutes. Other schools within the vicinity are: CHIJ St. Joseph’s Convent, Global Indian International School, and Overseas Family School.

Keep an eye on the upcoming Punggol Digital District and Sengkang West, both a 10-minute drive from the property. These developments will contribute to the rise of more professionals working in the North-East, resulting in higher demand for homes. What’s more? A new employment node is also being developed at Lorong Halus. It will be progressively developed as a food, lifestyle, and logistics cluster.

Need to see a doctor? The nearest healthcare institutions are Sengkang General Hospital and Sengkang Community Hospital, which are both a 10-minute drive from Flo Residence.

4. Property Price and Future Developments

The price of Flo Residence’s three-bedroom unit (1,012 sqft) mid-high level floor, in the past three years:

  • January to December 2017 – up to $935,000
  • January to December 2019 – up to $981,000

Since 2017, property prices at Flo Residence have been increasing. We can foresee the price rising over the years, thanks to upcoming developments like improved connectivity, new amenities, community spaces, recreational facilities, healthcare institutions, industrial hubs, and more.

Is Flo Residence the home you’ve been dreaming of? Talk to our real estate consultants and get VIP agent service. Call 6886 9009 now!


Best Mortgage Rate Across All Banks for Flo Residence

Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.78%. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.

Buyer’s Stamp Duty for Flo Residence

Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.

If you opt to buy a three-bedroom unit at Flo Residence the price is at $981,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $24,030.

Market Value of the Property BSD Rate Calculation
On the first $180k 1% $1,800
On the second $180k 2% $3,600
Next $621,000 3% $18,630
BSD Payable $24,030

Source: IRAS

Looking at another unit size? Use Ohmyhome’s In-app BSD calculator for faster calculation! Download Ohmyhome from the Play Store or App Store now!

Additional Buyer’s Stamp Duty for Flo Residence

Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).

Who is liable to pay ABSD:

  • Singapore Citizen (SC) buying second, third and subsequent residential property
  • Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
  • Foreigners or entities buying any residential property

ABSD for Singapore Citizens when Buying Flo Residence

Here’s the ABSD amount you are required to pay if you are an SC:

Property Ownership ABSD Rate ABSD Amount from Price $981,000
If Flo Residence is your second residential property 12% $117,720
If Flo Residence is your third or subsequent residential property 15% $147,150

ABSD for Singapore Permanent Resident when Buying Flo Residence

Here’s the ABSD amount you are required to pay if you are an SPR:

Property Ownership ABSD Rate ABSD Amount from Price $981,000
If Flo Residence is your first property 5% $49,050
If Flo Residence is your second or subsequent residential property 15% $147,150

ABSD for Foreigners when Buying Flo Residence

Here’s the ABSD amount you are required to pay if you are a foreigner:

Property Ownership ABSD Rate ABSD Amount from Price $981,000
Foreigners buying any property 20% $196,200

VIP Service for Buyers at $0 Agent Fees

Our real estate consultants will provide you insights about this new project and assist you with everything you need to know from BSD, ABSD, exercising the OTP to sealing the deal.

Buy your dream home at $0 agent fee!

Call 6886 9009 now!

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