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Internet-ready smart homes in upcoming exec condo

Enhancements include: Wi-Fi that guests and residents can enjoy in common areas. Energy-efficiency trackers such as the smart energy meter to monitor consumption usage, and a smart leak sensor to monitor water leakages.

iNz Residence will have various enhancements, such as an 

all-in-one control panel with smart functions to control the washing machine, lights, and air-conditioning. Photo: Koh Mui Fong

iNz Residence will have various enhancements, such as an

all-in-one control panel with smart functions to control the washing machine, lights, and air-conditioning. Photo: Koh Mui Fong

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SINGAPORE — Wi-Fi that guests and residents can enjoy in common areas. Energy-efficiency trackers such as the smart energy meter to monitor consumption usage, and a smart leak sensor to monitor water leakages.

These are some of the new enhancements that can be found in the upcoming iNz Residence, an executive condominium (EC) by Qingjian Realty, on top of other smart functions to control the washing machine, lights, and air-conditioning from an all-in-one control panel.

The China-based developer has also stepped up the game to provide an “Internet-ready smart home”. Qingjian Realty signed a memorandum of understanding yesterday with Singtel and smart-home solutions provider hiLife Interactive, it said at its preview of the iNz Residence show unit.

Through the collaboration, homeowners can receive their units ready-fitted with 1Gbps fibre broadband. Apart from the residential units, Singtel is also poised to provide Wi-Fi services in iNz Residence’s facilities and common spaces such as the clubhouse, fitness gym, and poolside.

Located at Chua Chu Kang Avenue 5, iNz Residence is a 99-year leasehold on a site area of 16,386sqm. It offers a total of 497 units, from two-bedroom units to five-bedroom maisonettes.

The EC’s indicative prices for two-bedders start at S$500,000, three-bedders at S$600,000, and at S$1.1 million and above for maisonettes, said Ms Yen Chong, deputy general manager at Qingjian Realty.

New private-home sales enjoyed an improvement in January, where developers sold 565 units (including ECs), up from the 480 sold in the same period a year ago, data compiled by the Urban Redevelopment Authority showed.

Private home sales increased to a three-year high in 2016 as sentiment and demand improved on the back of 13 consecutive quarters of price declines.

Despite the improvement, experts had noted that the market is very much “a buyer’s market”, while interest rates are still low.

There also continues to be an expectation of developers dangling incentives to attract buyers.

Commenting on the property market’s situation, Mr Li Jun, executive director at Qingjian Realty, noted that sales have been “quite healthy”.

“The most important thing is to do your product well, and to work on your own business regardless of the market situation. Every country and industry will have its ups and downs,” Mr Li said.

The official launch of the EC is scheduled for Friday.

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