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Executive Condominium (EC) @ Yishun

by Singapore Property
Executive Condominium (EC) Yishun

Executive Condominium (EC) Yishun

Executive Condominium (EC) @ Yishun site spans 21,514 sq m and has a maximum permissible gross floor area of 60,240 sq m. It can potentially yield about 600 residential units. The parcel is located within 500m of Junction 9, a relatively new neighbourhood mall.

It is the first of three confirmed-list residential sites to be launched for sale under the GLS programme for the first half of 2020.

The other two sites consist of a parcel in Tanah Merah Kechil Link, next to Tanah Merah MRT station, that can yield 310 housing units, and a mixed residential and commercial plot in Jalan Anak Bukit that can accommodate 865 units. The Jalan Anak Bukit site will have a bus interchange with an underground connection to nearby Beauty World MRT station on the Downtown Line.

Although the tender has been launched in the midst of  market uncertainties, the new development on the site will likely be launched only one to two years later, by which time the pandemic should be contained.

As a result, more bullish developers to submit bids that are close to the levels before the Covid-19 outbreak. The Yishun site could attract top bids ranging from $500 to $540 per sq ft per plot ratio (psf ppr), or about $324 million to $350 million. It could also garner about seven to 10 bids

Executive Condominium Eligibility

Family nucleus You will need to qualify for the EC under one of these eligibility schemes:

  • Public Scheme
  • Fiancé/Fiancée Scheme
  • Orphans Scheme
  • Joint Singles Scheme
Citizenship
  • You must be a Singapore Citizen
  • At least 1 other applicant must be a Singapore Citizen or Singapore Permanent Resident
  • All singles must be Singapore Citizens if applying under the Joint Singles Scheme
Age
  • At least 21 years old
  • At least 35 years old, if applying under the Joint Singles Scheme
Income ceiling Your household income must not exceed ^$16,000 income ceiling.
Property ownership
  • You do not own other property overseas or locally, or have not disposed of any within the last 30 months
  • You have not bought a new HDB/ DBSS flat or EC, or received a CPF Housing Grant before; or, have only bought 1 of these properties/ received 1 CPF Housing Grant thus far
^Applicable for Option to Purchase granted by the property developer on or after 11 September 2019. For Option to Purchase granted before 11 September 2019, income ceiling is $14,000

 

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Executive Condominium Sales Team

 

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