The tender for the exec condo (EC) parcel at Yishun Ave 9 was granted to Sing Holdings Limited, after it submitted the leading proposal of $373.5 mil, stated the Housing as well as Growth Board (HDB) on Fri 20 Nov. Launched to buy on 30 Apr, the 99-year leasehold land has a location of 21,514.0 sqm as well as an optimum gross floor area of 60,240 sqm. It can yield up to 600 housing units. The tender for the land closed on 29 October, with 7 bids got.
New executive condo in Yishun Ave 9, District 27, is a household haven for the regular city dweller. Positioned along Yishun Avenue 9, the brand-new EC at Yishun is a suburban oasis for the routine city slicker. The residents will enjoy the closeness to lavish greenery at Sungei Khatib, which supplies locals a panorama as well as is a certain plus factor for nature lovers. It is close to Sungei Khatib with its rich greenery that will appeal to nature fans searching for a panorama. The brand-new executive condominium has an unblocked view of the water and the nature park.
This land is an Exec Condo (EC) parcel, situated at the intersection of Yishun Avenue 8 and also 9, alongside the Harmony Suites condominium. Besides 9 Homes, located around 600 metres away, the other properties below are HDB apartments. Like several various other EC sites, it’s rather much from the MRT station– roughly 1.6 km. However, it is within 700 metres (nine minutes’ walk) of the Junction 9 shopping mall. This is the first EC launch in Yishun in year 2015, the last being The Signature and The Criterion.
Source: Yishun Ave 9 EC www.yishunec-sg.com
The site is surrounded by a wide range of amenities to make it a wonderful place to stay. 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. Future residents of Yishun Ave 9 EC will enjoy the convenience of amenities with cinemas, restaurants, supermarket, and eateries.
ECs are often said to “make money” immediately after the 5 year Minimum Occupation Period (MOP). Some believe prospective buyers are easy to find for resale ECs– only the first 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.
Developers have always been confident about ECs, believing these are some of the more in-demand types of properties. ECs are in between public and private housing; they are only HDB properties for several years, and are privatised after that.
Yishun, originally known as Nee Soon, is a residential town situated 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.