Govt releases three land sites in Yishun & Margaret Drive for sale

[princess_morbucks]

http://www.channelnewsasia.com/news/singapore/govt-releases-three-land/1050078.html?cid=TWTCNA&utm_source=dlvr.it&utm_medium=twitter


SINGAPORE: The government has released three land parcels for private housing.

Two adjacent sites at Yishun Street 51 have been launched for sale under the confirmed list.

The two executive condominium sites can yield about 1,010 residential units.

The two land parcels have a site area of about 18,000 square metres each.

The site at Margaret Drive, with a site area of about 4,800 square metres, will be made available on the Reserve List and it can yield about 275 private homes.

In a joint news release, the Housing and Development Board and the Urban Redevelopment Authority said those three sites are released for sale under the first half government land sales programme.

The closing tender date for the two executive condominium sites at Yishun Street 51 is May 22.

This is the second time that two adjacent executive condominium sites have been launched for sale with the same tender closing date.

The first time was on December 16, 2013, when HDB launched two adjacent EC sites in Choa Chu Kang Grove for sale on the same day.

- CNA/nd

[p3nboy]

$370 psf:D

[DuaNehNehChioBu]

Another 2 more EC shit again oh no ! :doh:

[Pikachu1245]

$370 psf:D

Or even $388.88?? Given 8888 is a good number. These sites seems walkable to KHatib mrt and Yishun park, should have demand from Northern residents hdb upgrader or young professional with next of kin at or near Yishun. Near sky miltonia which has reached $13××psf. EC selling at 20 -25% less so around 1000psf? If so, those who want to upgrade should seriously consider now before it shoot even higher? 2 bedder or 3 room compact at 1000psf with price below 1 mio perhaps?

[solsys]

Lol, government very smart......... using Yishun sites as the battle line to hold up private prices using EC......

If cannot hold..... then announce MRT to prop up the prices.....

[Pro888]

Or even $388.88?? Given 8888 is a good number. These sites seems walkable to KHatib mrt and Yishun park, should have demand from Northern residents hdb upgrader or young professional with next of kin at or near Yishun. Near sky miltonia which has reached $13××psf. EC selling at 20 -25% less so around 1000psf? If so, those who want to upgrade should seriously consider now before it shoot even higher? 2 bedder or 3 room compact at 1000psf with price below 1 mio perhaps?

Also walking distant to future shopping mall similar to Junction 9.

[kane]

margaret drive should be good.

[propertyhans]

Also walking distant to future shopping mall similar to Junction 9.

Where is this future shopping mall you are talking about?

[matrix0405]

Another 2 more EC shit again oh no ! :doh:

Agree with DuaNehNeh. How come so many EC? Why those swiping up $1M pty still can get subsidy?

[NorthernStar]

Where is this future shopping mall you are talking about?
i guess pro888 refer to the junction next to Yishun Ring road and Yishun Ave 4. There is a mixed used development reserve site in master plan