Things to know before you consider Yishun Aveneue 9 EC
The EC land at Yishun Ave 9 attracted a higher-than-expected leading proposal price of $373.5 million from Singapore-listed building developer Sing Holdings. The cost translates to a land rate of $576 per square foot per plot ratio. The proposal cost is better than market assumptions that array from $500 to $550 per square foot per plot ratio. The last 2 ECs released in Yishun were both in 2015. The new EC at Yishun will be the following, as well as it will certainly be at some time in 2021 or 2022, which is six to seven years after the last two EC tasks were launched.
New executive apartment in Yishun Ave 9, Area 27, is a residential place for the regular city slicker. Positioned along Yishun Avenue 9, the new EC at Yishun is a suv oasis for the regular city slicker. The residents will certainly enjoy the closeness to rich plant at Sungei Khatib, which supplies locals a panorama and also is a guaranteed plus factor for nature fans. It is close to Sungei Khatib with its lavish plant that will appeal to nature enthusiasts seeking a panorama. The new executive condominium has an unblocked sight of the water as well as the nature park.
This parcel is an Executive Condo (EC) parcel, situated at the crossway of Yishun Ave 8 and also 9, next to the Symphony Suites apartment. Aside From 9 Houses, situated around six hundred metres away, the other homes below are HDB flats. Like lots of various other EC websites, 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 Ave 9 EC https://www.yishunec-sg.com/
The site is surrounded by lots of amenities to make it a wonderful place to stay. A short drive to Northpoint City, the latest mega integrated mixed development and transportation hub in Northern Singapore, a favourite haunt for the nearby residents. It provides many retail outlets, food and beverage, food courts, additional choices for grocery shopping, community club and public 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 five-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.
Developers have confidence in 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.
The name Yishun is a Mandarin romanisation of Lim Nee Soon, a prominent industrialist who made his fortune from the rubber and pineapple plantations he had in the area. Yishun planning area is divided into sub-zones known as 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.