Initial introduction about Yishun Ave 9 EC
The tender for the exec condo (EC) land at Yishun Avenue 9 was awarded to Sing Holdings , after it submitted the leading bid of $373.5 million, claimed the Housing and also Growth Board (HDB) on Friday 20 Nov. Launched up for sale on 30 Apr, the 99-year leasehold site has a location of 21,514.0 sqm and a maximum gross flooring location of 60,240 sqm. It can yield up to 600 real estate units. The tender for the land parcel closed on 29 Oct 2020, with seven proposals got.
New executive condo in Yishun Ave 9, Area 27, is a household place for the regular city dweller. Located along Yishun Avenue 9, the new EC at Yishun is a rural sanctuary for the normal city dweller. The citizens will certainly appreciate the proximity to lavish plant at Sungei Khatib, which offers citizens a panorama and is a definite plus factor for nature lovers. It is close to Sungei Khatib with its rich greenery that will interest nature lovers trying to find a scenic view. The new executive condo has an unblocked view of the water and the nature park.
This site is an Exec Condominium (EC) parcel, situated at the junction of Yishun Ave 8 as well as 9, next to the Harmony Suites apartment. Apart from 9 Houses, situated about 600 metres away, the other homes here are HDB flats. Like several other EC websites, 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 EC 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 diverse 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” right after the 5 year Minimum Occupation Period (MOP). Real estate experts 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 predict that it will build close to 600 homes. It’s also expected to enjoy beautiful secene of the Khatib Bongsu nature park, once NParks completes it.
Yishun, formerly known as Nee Soon, is a area 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, and Seletar and Sengkang to the east.