The tender for the exec condo (EC) land at Yishun Avenue 9 was granted to Sing Holdings Limited, after it sent the leading proposal of $373.5 million, said the Real estate and Growth Board (HDB) on Friday 20 Nov. Launched offer for sale on 30 April, the 99-year leasehold parcel has an area of 21,514.0 square meter and also a maximum gross flooring location of 60,240 sqm. It can generate approximately 600 real estate units. The tender for the site closed on 29 Oct 2020, with 7 bids got.
The Yishun EC project is located in close proximity to a plethora of amenities. It is down the road from Junction Nine and is also surrounded by numerous established schools.
Despite being in a location that is removed from the hustle and bustle of the city centre, the new EC at Yishun is relatively accessible via major expressways such as TPE, CTE & SLE.
Source: Yishun Ave 9 EC https://www.yishunec-sg.com/
The site is surrounded by many amenities to create a pleasant living environment. A short drive to Northpoint City, the latest mega integrated mixed project and transportation hub in Northern Singapore, a favourite haunt for the nearby residents. It offers many retail outlets, food and beverage, food courts, additional choices for grocery shopping, clud & library. The residents will enjoy the convenience of amenities with cinemas, restaurants, supermarket, and eateries.
ECs are often said to “make money” right after the 5 year Minimum Occupation Period (MOP). Some believe prospective buyers are easy to find for resale ECs– only the 1st batch of buyers are faced with the MOP, and the theory is that any buyers would be purchasing closer to the date of full privatisation.
The Yishun site is really big, and experts expect that it can yield roughly 600 units. It’s also expected to have a good view of the Khatib Bongsu nature park, once NParks completes it.
Yishun, formerly known as Nee Soon, is a town located in the northeastern corner of the North Region of Singapore, bordering Simpang and Sembawang to the north, Mandai to the west, the Central Water Catchment to its southwest, Ang Mo Kio to its south, as well as Seletar and Sengkang to its east.