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Thread: Yishun EC site attracts top bid of $213.8m

  1. #31
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    Quote Originally Posted by solsys
    Yishun is a matured estate, punggol isn't right?

    Anyway, back to the original discussion, which is yishun is still more affordable than punggol and current projects in yishun are still undervalued.

    Just wait and see yishun residences next to yishun mrt. This project will make the rest of yishun look so much more undervalued.

    Not much space left in yishun, as the plots near emerald, sapphire are reserved for big commercial plans, that i believe will come once NSE is ready.
    now those 99lh not within 500m to mrt will be selling much lesser den those right on top of mrt or much nearer to mrt one lor

    u see ATT which is selling about 900psf ave and whereas parc vera about 850psf ave and parc vera sales not as gd compared to ATT for being closer to city and cheaper somemore

    but if parc vera is vy near to hougang mrt....hohoho......at least 950-1kpsf and more den 50% sold liao

  2. #32
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    Default Yishun EC site tender receives top bid of S$213m

    dun know when the new EC launch?
    Singapore News
    Yishun EC site tender receives top bid of S$213m
    Posted: 25 October 2011 2226 hrs
    Photos 1 of 1 " src="/images/butt_next.gif" width="18" height="15" type="image">
    The tender for a land parcel at Yishun Avenue 7/Canberra Drive received a total of eight bids (Photo from HDB) var addthis_pub="cnaacc"; var addthis_options = 'facebook, twitter, live, google, linkedin, digg, yahoobkm, more'; var storyTitle = "Yishun EC site tender receives top bid of S$213m"; var newStoryTitle = storyTitle.replace(/'/g,'\''); newStoryTitle = newStoryTitle.replace(/;\n/g,''); newStoryTitle = newStoryTitle.replace(/"/g,'"'); var addthis_config = { "data_track_clickback": true, ui_click: true } SINGAPORE: The tender for a land parcel at Yishun Avenue 7/Canberra Drive closed on Tuesday with a total of eight bids.

    The 99-year lease property received a top bid of S$213 million from MCC Land, according to a release by the Housing and Development Board (HDB).

    The second highest bid of S$197.5 million came from Sunmaster Holdings, while the S$190 million joint bid from Russville Pte Ltd and Low Keng Huat (Singapore) was third highest.

    The site is slated for executive condominium (EC) development and analysts say the strong showing from developers reveals their continued interest in mass-market housing.

    Recent policy changes, which saw the income ceiling raised from S$10,000 to S$12,000, have also allowed more buyers to qualify for ECs.

    The top bid is "the highest unit land price achieved for an EC site in second half of 2011, particularly after market sentiments have been rocked by the debt crisis in the Western countries," said Ms Chia Siew Chuin, director of research & advisory at Colliers International.

    She added that it is also about four per cent above the S$281 per sq ft per plot ratio received for The Canopy EC site located at Yishun Avenue 11 in March 2010.

    CBRE research executive director Li Hiaw Ho said the top bid translates to a break-even cost of around S$600 psf.

    He said units in the new executive condominium will likely be priced in the S$600-S$700 psf range.

    The land parcel was launched for tender on August 25. HDB said it will evaluate the bids and will announce the decision on the tender award at a later date.

  3. #33
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    Some action on this plot this morning.

    MCC land has put a container there. And some digging goin on.

    Very soon.

  4. #34
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    They goin to build the showflat. Saw many glass panels.

    Ground leveling and fence being put up.

    100% take up rate shldnt be a prob.

  5. #35
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    Launching in Apr with indicative price of around $700psf.

    Only 665 units instead of govt initial estimate of 725 units.

    http://www.newproperty.sg/index.php/...h/19-yishun-ec

  6. #36
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    Quote Originally Posted by Pro888
    Launching in Apr with indicative price of around $700psf.

    Only 665 units instead of govt initial estimate of 725 units.

    http://www.newproperty.sg/index.php/...h/19-yishun-ec
    MCC plans for big units

  7. #37
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    With this new policy change, i do expect a slight increase in price.

    http://www.channelnewsasia.com/stori...186653/1/.html

    Launch next month, sure super pack as 2nd time buyer got higher chance of getting a unit.

  8. #38
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    Quote Originally Posted by Pro888
    With this new policy change, i do expect a slight increase in price.

    http://www.channelnewsasia.com/stori...186653/1/.html

    Launch next month, sure super pack as 2nd time buyer got higher chance of getting a unit.
    Hmmm....750psf? Den 8cy early birdies 750psf huat huat liao?

  9. #39
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    Quote Originally Posted by devilplate
    Hmmm....750psf? Den 8cy early birdies 750psf huat huat liao?
    750psf is pretty on the high side as this project consist only the bigger units.

    2nd time buyers have deeper pockets.

    Still very early to gauge on the price they gg to launch but now, MCC land happily doing the sum

  10. #40
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    Quote Originally Posted by Pro888
    750psf is pretty on the high side as this project consist only the bigger units.

    2nd time buyers have deeper pockets.

    Still very early to gauge on the price they gg to launch but now, MCC land happily doing the sum
    Government damn smart, carry balls of MCC related to China minister.

    It now makes sense why they plan bigger units and launch at higher price because they knew this 30% rule is coming.

    Demand is high for 2nd timers who got the cash to pay for bigger units.

    I expect big units to still command similar psf in this project.

  11. #41
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    Default Re: Yishun EC site attracts top bid of $213.8m

    Another New Yishun EC after SEVEN Years... North Gaia, open from preview 7 April to 19 April. 3/4/5BR available.

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