Why is Yishun Ave 9 EC a good buy?

The tender for the executive condominium (EC) site at Yishun Ave 9 was awarded to Sing Holdings , after it sent the top quote of $373.5 mil, stated the Real estate and also Growth Board (HDB) on Fri 20 November. Launched available on 30 Apr, the 99-year leasehold land has a location of 21,514.0 sqm and also an optimum gross flooring area of 60,240 square meter. It can generate up to six hundred real estate units. The tender for the land parcel closed on 29 Oct 2020, with seven bids got. The Yishun EC project is located in close proximity to a plethora of amenities. It is down the road from Junction Nine and is also surrounded by numerous established schools. Drivers will find the future North-South Corridor (NSC) that makes travelling into the city a lot faster. The NSC with 21.5 km route will run both underground and above ground from Woodlands to CBD. Express bus services will run along the route on dedicated bus lanes and the cycling trunk route will be established along NSC.
Source: New EC in Yishun https://www.yishunec-sg.com/

The site is surrounded by lots of amenities to create a pleasant living environment. A short drive to Northpoint City, the latest mega integrated mixed project and transportation hub in Northern Singapore, a favourite haunt for the nearby residents. It offers many retail outlets, food and beverage, food courts, additional choices for grocery shopping, community club and public library. The residents will enjoy the convenience of amenities with cinemas, restaurants, supermarket, and eateries.

ECs are often said to "make money" right after the five-year Minimum Occupation Period (MOP). Many people 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 always been confident about ECs, for the reason that these are some of the more in-demand property types. ECs are a cross between public and private housing; they are only HDB properties for several years, and are fully private 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 separated into several zones covering 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.