{"id":116039,"date":"2020-05-04T10:53:00","date_gmt":"2020-05-04T03:53:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-announces-ec-gls-for-sale-in-yishun-the-first-in-over-six-years\/"},"modified":"2020-05-04T11:04:54","modified_gmt":"2020-05-04T04:04:54","slug":"hdb-announces-ec-gls-for-sale-in-yishun-the-first-in-over-six-years","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-announces-ec-gls-for-sale-in-yishun-the-first-in-over-six-years\/","title":{"rendered":"HDB announces EC GLS for sale in Yishun, the first in over six years"},"content":{"rendered":"


\nThe Housing and Development Board (HDB) on 30 April launched an executive condominium (EC) site at Yishun Avenue 9 for sale by public tender.
\nWith an area of 21,514.0 sq m, the confirmed list site has a maximum permissible gross floor area of 60,240.0 sq m and maximum building height of 56 m above mean sea level.
\nHDB expects the 99-year leasehold site to potentially yield around 600 housing units.
\n\u201cTo provide developers with additional time to make their assessment in view of the current COVID-19 situation, we will offer a longer tender period of six months,\u201d it said. As such, the tender for the residential site will close on 29 October.
\nJLL Senior Director of Research and Consultancy Ong Teck Hui believes that there will be demand from buyers given that it has been six years when an EC was sold within the area, with the Signature At Yishun site sold in May 2014.
\nHowever, he expects developers to be cautious with their bids due to the virus outbreak.
\n\u201cThe HDB has allowed a long lag time of six months before the tender closes. If COVID-19 is well contained by then, the tender response could be more favourable, although we can expect bidders to be cautious.\u201d
\nOng expects the site to attract two to five bidders, with the top bid ranging from $470 per sq ft per plot ratio (psf ppf) to $520 psf ppr, reported CNA.
\n\u201cHowever, if COVID-19 is still not contained by tender closing with the economy deteriorating sharply, we can expect a minimal number of bidders and tender bids are likely to be below expectations,\u201d he added.
\n\u00a0
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…HDB announces EC GLS for sale in Yishun, the first in over six years<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Housing and Development Board (HDB) on 30 April launched an executive condominium (EC) site...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-116039","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ubB","jetpack-related-posts":[{"id":125225,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-buy-back-flats-from-owners-constrained-by-eip-yishun-hdb-jumbo-flat-sold-for-over-1mil-and-more\/","url_meta":{"origin":116039,"position":0},"title":"HDB to buy back flats from owners constrained by EIP, Yishun HDB jumbo flat sold for over $1mil, and more","date":"March 15, 2022","format":false,"excerpt":"\r 8th March to 14th March 2022 The Housing and Development Board (HDB) will offer to buy back flats from eligible owners facing difficulties selling their homes due to constraints from the Ethnic Integration Policy (EIP). 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Offered under the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114864,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-awards-tender-for-fernvale-lane-ec-site-to-frasers-property\/","url_meta":{"origin":116039,"position":3},"title":"HDB awards tender for Fernvale Lane EC site to Frasers Property","date":"March 12, 2020","format":false,"excerpt":"\r Here\u2019s why the site is one to watch. Photo: Google The Housing and Development Board has awarded the tender for an executive condominium (EC) site at Fernvale Lane to Frasers Property, or FCL Lodge Pte Ltd, after it submitted the highest bid of $286.5 million. 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An executive condominium (EC) site at Canberra Link that could yield up to 385 housing units has been launched for sale via public tender, revealed the Housing and Development Board (HDB) on Thursday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94759,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/99-year-leasehold-site-at-anchorvale-crescent-triggered-for-sale\/","url_meta":{"origin":116039,"position":5},"title":"99-year leasehold site at Anchorvale Crescent triggered for sale","date":"July 26, 2018","format":false,"excerpt":"\r Location map of the land parcel at Anchorvale Crescent. Source: HDB An executive condominium (EC) site at Anchorvale Crescent has been triggered for sale by public tender, after a developer committed a minimum bid of $255 million, announced the Housing and Development Board (HDB) on Wednesday (25 July). 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