|Project Name||The Florence Residences (悦湖苑)|
|Site area||386,236 sqft|
|Address||81, 83, 85, 87, 89, 91, 93, 95, 97 Hougang Ave 2|
|Tenure||99 Year Leasehold|
|Developer||Florence Development Pte. Limited (A unit of Logan Property Singapore)|
|No. of units||1410 units|
|Unit mix||1-5 Bedrooms|
|No. of Blocks||9 blocks of 18 storeys|
|Expected Vacant Possession||31 March 2023|
About Logan Property
Founded in 1996, Logan Property Holdings Company Limited (“Logan Property” or “the Group”, stock code：3380.HK) is an integrated property developer focusing on residential property development in the PRC, mainly the Guangdong-Hong Kong-Macao Greater Bay Area, with its products primarily target first-time homebuyers and upgraders. It was listed on the main board of the Stock Exchange of Hong Kong in 2013. The Group has Grade-A qualifications in property development, general contracting of construction as well as engineering design, and is one of the best property developers in the PRC in terms of overall strength. In 2017, the group jumped to 295th in Fortune China’s Top 500 Enterprises. In 2018, the Group was ranked 26th in the China Top 100 Real Estate Developers and 4th in the Top 10 Most Profitable Companies, with its brand and overall strength being highly recognized by the market.
Adhering to the business concept of “Building a Better Life”, Logan Property has so far developed over 150 residential projects and provided quality life services to over 600,000 people. The Group has been focusing its business in the Pearl River Delta, Guangdong and Guangxi in China, and has had the foresight to build a footprint in the world-class agglomeration Guangdong-Hong Kong-Macao Greater Bay Area, which is part of the national strategy. Over 80% of Logan Property’s land bank is situated in the Guangdong-Hong Kong-Macao Greater Bay Area, such provides a solid basis for realizing future growth. The Group started to expand its business to overseas markets in 2017. It commences its international journey of expansion by acquiring quality projects in Hong Kong and Singapore.
On the back of an excellent performance and outstanding comprehensive strength, the shares of Logan Property are constituent stocks of Hang Seng Composite Large Cap & Medium Cap Index, MSCI China All Shares Index and FTSE Shariah Global Equity Index and are included in the list of eligible stocks for Southbound trading under Shenzhen-Hong Kong Stock Connect and Shanghai-Hong Kong Stock Connect. In addition, the Group is rated Ba3, BB- and BB- by Moody’s, Standard & Poor’s and Fitch, respectively, with a stable outlook.
Looking forward, Logan Property will continue to focus its business in the Guangdong-Hong Kong-Macao Greater Bay Area and will push forward with its steady business expansion, so as to create greater value for its shareholders and customers.
For Sales Enquiries, Please Call
+65 6100 9682
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