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Thread: Yishun Mixed Use Site

  1. #1
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    Default Yishun Mixed Use Site

    Yishun mixed-use site attracts 13 bids


    Jan 24, 2013 - PropertyGuru.com.sg

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    By Romesh Navaratnarajah:
    A mixed commercial and residential site (pictured) at Yishun Ring Road/Yishun Avenue 9 attracted a total of 13 bids when its public tender closed today, said the Housing and Development Board (HDB).

    Launched for sale on 27 November 2012, the 99-year leasehold site has a land area of around 95,350 sq ft and maximum gross floor area (GFA) of 266,980 sq ft. It is expected to yield about 160 housing units.

    Developer CEL Property submitted the top bid of S$212.1 million or S$794 psf on its GFA. Meanwhile, the second highest offer of S$193.7 million ( S$726 psf/GFA) came from joint bidders Boo Han Holdings and Far East Orchard.

    Experts feel that the new development should generate a fair amount of interest, going by the success of other mixed-use sites including The Hillier and Bedok Residences.

    "This site will be the first private residential project in the proximity of Yishun MRT Station and will be a pre-cursor to the next mixed use site at the current Yishun Bus Interchange, that will be put up for sale in June 2013," said Desmond Sim, Associate Director, CBRE Research.

    He added that more than 70 percent of the HDB units in Yishun are the four-bedroom type, providing a ready pool of upgraders for the residential project that will be built. Recently launched residential projects in the area include Skies Miltonia, One Canberra and Eight Courtyards.

    At the same time, Sim believes that retail space developed on the site should be well-received by residents, office workers and students in the vicinity, as Northpoint is the only shopping mall currently serving the estate.

    Based on the top bid, "the developer could sell the retail portion on a strata-titled basis at around $3,000 psf to $4,000 psf and the residential units at around $900 psf", said Sim.
    I am rich in debts...

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    based on this anyone wants to guess price for Yishun Central mixed use site?
    I am rich in debts...

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    $928.28 psf

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    "This site will be the first private residential project in the proximity of Yishun MRT Station and will be a pre-cursor to the next mixed use site at the current Yishun Bus Interchange, that will be put up for sale in June 2013," said Desmond Sim, Associate Director, CBRE Research.
    Not exactly near leh. Yishun Ring road is the outskirt of Yishun. Nothing around it but HDB flats. What is he talking about?
    The one at the existing bus interchange will be better.
    Yee ha! Did I tickle your funny bone?


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    78% of 8cy distance to Yishun MRT

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    Quote Originally Posted by mantrix
    based on this anyone wants to guess price for Yishun Central mixed use site?
    My guess... $1500psf or more

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    Quote Originally Posted by walkthetiger
    My guess... $1500psf or more
    A little harder now with the new cooling measures. My guess $1300 psf or more.

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    Quote Originally Posted by Miltonia
    A little harder now with the new cooling measures. My guess $1300 psf or more.
    estuary and miltonia already hitting 1300psf with relatively lousier locations. My guess is 1450psf to 1500psf.

    Sky Habitat may be a steal
    I am rich in debts...

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    Where did you get info that Estuary & Miltonia alr hitting 1300 psf?
    Read today's papers, estuary caveated ard 1100psf.

    Kindly clarify with thanks.

    Quote Originally Posted by mantrix
    estuary and miltonia already hitting 1300psf with relatively lousier locations. My guess is 1450psf to 1500psf.

    Sky Habitat may be a steal

  10. #10
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    Default The Estuary

    2013-06-24 93 YISHUN AVENUE 1 #15-23 SUB SALE 926 1,102 1,020,000
    2013-06-18 91 YISHUN AVENUE 1 #13-14 SUB SALE 926 1,134 1,050,000
    2013-06-10 91 YISHUN AVENUE 1 #09-14 SUB SALE 926 1,121 1,038,000
    2013-06-06 87 YISHUN AVENUE 1 #10-06 SUB SALE 603 1,277 770,000

    $1300 are projections, 2015?

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    Quote Originally Posted by mantrix
    based on this anyone wants to guess price for Yishun Central mixed use site?
    My guess is 1350 to 1550 psf range.

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    Quote Originally Posted by mantrix
    based on this anyone wants to guess price for Yishun Central mixed use site?
    High psf with small quantum.

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    Quote Originally Posted by Miltonia
    2013-06-24 93 YISHUN AVENUE 1 #15-23 SUB SALE 926 1,102 1,020,000
    2013-06-18 91 YISHUN AVENUE 1 #13-14 SUB SALE 926 1,134 1,050,000
    2013-06-10 91 YISHUN AVENUE 1 #09-14 SUB SALE 926 1,121 1,038,000
    2013-06-06 87 YISHUN AVENUE 1 #10-06 SUB SALE 603 1,277 770,000

    $1300 are projections, 2015?
    Guess that the developer will start selling 1 year after they awarded with the tender bidding. Maybe end 2014..?

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    Estuary will be hitting $1300 psf very soon
    In any case the mixed site will be at least $1300.
    Hope will be some other developer

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    Quote Originally Posted by Komo
    Estuary will be hitting $1300 psf very soon
    In any case the mixed site will be at least $1300.
    Hope will be some other developer
    Only for one bedder. The 2 bedders are still below $1200psf.

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    Quote Originally Posted by Pikachu1245
    My guess is 1350 to 1550 psf range.
    Highest $1750psf for a 400+ sf unit.

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    Quote Originally Posted by Pro888
    Highest $1750psf for a 400+ sf unit.
    Is this possible? Maybe. ...We shall see......

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