{"id":58746,"date":"2017-06-23T07:30:48","date_gmt":"2017-06-23T00:30:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/yishun-the-next-leap-forward\/"},"modified":"2017-06-23T07:42:46","modified_gmt":"2017-06-23T00:42:46","slug":"yishun-the-next-leap-forward","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/yishun-the-next-leap-forward\/","title":{"rendered":"Yishun: The next leap forward\u00a0"},"content":{"rendered":"


\nAttendees were keen to find out more about Yishun\u2019s potential and the Symphony Suites project.\u00a0
\nPropertyGuru\u2019s Guru Talk knowledge empowerment seminar focused on the investment potential of Yishun, one of Singapore\u2019s fastest-growing towns.\u00a0\u00a0
\nBy Mindy Chong\u00a0
\nA property seminar held on 27 May at the Symphony Suites showflat in Yishun attracted 70 attendees who were keen to learn more about the investment potential of this northern suburb.
\nJointly organised by PropertyGuru and EL Development, the Guru Talk seminar featured insights from industry experts Kelvin Fong, Executive Director at PropNex Realty and Desmond Lian, Senior Division Director at ERA Realty Network.\u00a0
\nFong offered his views on why the government tweaked the property cooling measures recently, which included reducing the Seller\u2019s Stamp Duty holding period from four years to three years.\u00a0
\n\u201cThe supply of private residential units will hit 8,632 in 2019 and 7,833 in 2020. The population, on the other hand, is expected to grow by 62,000 in 2019 and 90,000 in 2020. Hence, demand for homes will increase.\u00a0
\n\u201cThis will cause a real estate bubble with property prices shooting up, while GDP growth will not be stable. This is the main reason why there is a tweak in the cooling measures, to ensure a slower decline in prices,\u201d said Fong.\u00a0\u00a0
\nAmenities aplenty\u00a0
\nLian, on the other hand, provided an update on the Yishun micro market, as well as a brief overview of its growth potential.\u00a0\u00a0
\n\u201cIf you buy a freehold property in town, the rental yield is probably one to two percent. However, properties in Yishun offer steadier rental returns of 2.9 percent to 3.5 percent,\u201d he said.\u00a0
\n\u201cThe development of a new road \u2013 Yishun Avenue 8 \u2013 has made the area more accessible and reduced traffic flow. By having facilities such as Northpoint City, Junction Nine and Khoo Teck Puat Hospital, there will be more job creation. There are also facilities such as educational institutions, golf clubs and park connectors.\u201d\u00a0
\nHe added: \u201cWith the development of the North-South Expressway (NSE), which will be ready by 2023, and proximity to the upcoming Woodlands Regional Centre, property prices in Yishun will rise.\u201d\u00a0\u00a0\u00a0
\nAttendees also got the chance to enjoy a three percent discount off selected units at Symphony Suites, and win a Claude Bernard watch worth more than $700 with their property purchase. Selected participants also stood to win a two-day, one-night stay in the Guesthouse of Swiss Club, Singapore.\u00a0
\nTo see what was shared at the Guru Talk seminar, please watch our video: bit.lysLpHY3
\nFor more information about the next Guru Talk seminar, go to: www.pgevents.propertyguru.com.sg\u00a0<\/p>\n

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\u00a0<\/p>\n

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\nThis article was first published in the print version PropertyGuru News & Views. Download PDFs of full print issues or read more stories now!<\/p>\n


\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Yishun: The next leap forward\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Attendees were keen to find out more about Yishun\u2019s potential and the Symphony Suites project.\u00a0...<\/p>\n","protected":false},"author":1,"featured_media":58747,"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-58746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/06\/footer_011.gif?fit=710%2C9&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-fhw","jetpack-related-posts":[{"id":23993,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/promising-plans-for-yishun\/","url_meta":{"origin":58746,"position":0},"title":"Promising plans for Yishun","date":"August 26, 2016","format":false,"excerpt":"\r A full house at the Guru Talk seminar held at the sales gallery of North Park Residences. 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