The 99-year leasehold site that just been sold is situated in the Northern Region of Singapore, along Yio Chu Kang Road. It is surrounded by Hougang Avenue 9 and Lorong Napiri. The Housing Development Board launched the tender in the second half of 2015 under the Government Land Sales program.

Yio Chu Kang EC Factsheet

Project Name Yio Chu Kang EC
District 19
Developer Hoi Hup Realty
Development Type Executive Condominium (EC)
Address Yio Chu Kang Road / Hougang
Tenure 99 Years
Site Area Approx 199,000 sqft
Plot Ratio 2.8
Number of Storeys 9 Blocks of 15 Storey Residential Units
No. of Units 531 Units
Car Park Lots 1 Basement Carpark
Expected TOP 2021

Experts noted that the interest in this site is specific to its location. As such, it should not be taken as an indicator of the wider market conditions. The competition seems to have been intensified due to the ease with which residents will be able to access the development. Moreover, various facilities and amenities are within easy reach. The site should be particularly of interest to parents thanks to the convenient location of reputed schools in the vicinity.

Another reason for the increased interest is that the site is located in an area surrounded by HDB estates. As a result, the developer will get access to a ready catchment pool to get residents from.