Information of Yishun Ave 9 EC
The EC site at Yishun Ave 9 brought in a higher-than-expected top bid rate of $373.5 mil from Singapore-listed home designer Sing Holdings. The cost equates to a land rate of $576 per square foot per plot ratio. The bid rate is better than market assumptions that range from $500 to $550 per square foot per plot ratio. The last 2 ECs introduced in Yishun were both in year 2015. The brand-new EC at Yishun will certainly be the following, and also it will certainly be at some point in 2022, which is 6 to 7 years after the last 2 EC jobs were launched.
New executive apartment in Yishun Ave 9, Area 27, is a domestic haven for the normal city slicker. Situated along Yishun Avenue 9, the new EC at Yishun is a suv sanctuary for the routine city dweller. The locals will delight in the distance to lavish plant at Sungei Khatib, which supplies citizens a panorama and also is a precise plus point for nature lovers. It is close to Sungei Khatib with its rich greenery that will certainly interest nature fans searching for a scenic view. The brand-new executive condo has an unblocked sight of the water and also the nature park.
This land parcel is an Executive Condominium (EC) land parcel, located at the junction of Yishun Ave 8 and also 9, beside the Harmony Suites condominium. Aside From Nine Homes, located about 600 metres away, the various other residential properties here are HDB flats. Like lots of various other EC sites, it’s quite 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 EC https://www.yishunec-sg.com/
The site is surrounded by many 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 provides various 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). Real estate experts 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, for the reason that these are some of the more in-demand types of properties. ECs are a cross between public and private housing; they are only HDB properties for the first 10 years, and are privatised after that.
The name Yishun is a Mandarin romanisation of Lim Nee Soon, a prominent industrialist who became rich from the rubber and pineapple plantations he had in the area. Yishun planning area is divided into sub-zones namely Khatib, Lower Seletar, Nee Soon, North Land, Springleaf, Yishun Central, Yishun East, Yishun South and Yishun West. Springleaf and Nee Soon subzones are private housing estates in Yishun.