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The GLS plot of land for a new EC in Yio Chu Kang
The last land parcel for an EC residential site for 2015 was launched for sale on 29 Dec 2015 by the HDB. Developers welcome the news given that the Government has been trimming land supply across both condo and EC segments.
Moderate interest is expected for the 1.84ha executive condominium (EC) plot, which can yield about 520 units, in Yio Chu Kang Road because this Yio Chu Kang EC site is not near an MRT station but very accessible by road and also close to amenities, including Hougang 1 mall and Rosyth School. It is also surrounded by mature HDB estates that could provide a catchment of potential EC buyers. With numerous EC projects still holding many unsold units, developers may be cautious in their bidding, with an expected top bid coming in between $260 psf ppr and $300 psf ppr, and some four to eight parties contesting.
Moderate interest is expected for the 1.84ha executive condominium (EC) plot, which can yield about 520 units, in Yio Chu Kang Road because this Yio Chu Kang EC site is not near an MRT station but very accessible by road and also close to amenities, including Hougang 1 mall and Rosyth School. It is also surrounded by mature HDB estates that could provide a catchment of potential EC buyers. With numerous EC projects still holding many unsold units, developers may be cautious in their bidding, with an expected top bid coming in between $260 psf ppr and $300 psf ppr, and some four to eight parties contesting.
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