PROJECT DETAILS
** FIRST TIME BUYERS: If you are planning to buy your very first property and do not know whether to buy a Resale HDB, BTO or a new launch EC, let us discuss your best possible option.
** EXISTING HDB OWNERS: If you are planning to change to another property, and would like to know whether to buy a EC or private condominiums, let us help you to assess your best possible options to get better returns on your dollars. We do not want to under-leverage on ourselves.
The Housing and Development Board (HDB) has sold a residential site in Yio Chu Kang Road as part of Government Land Sales (GLS), in 1st quarter of 2016. This land parcel is along Yio Chu Kang Road, bounded by Hougang Avenue 9 and Lorong Napiri, located at the North-Eastern Region of Singapore. It is listed under the confirmed list of sites and is to be developed into Executive Condo (EC). New EC in Yio Chu Kang Road has a site area of 198,519 square feet and will house approximately 531 (proposed) residential apartments.
New EC in Fernvale Lane/ Yio Chu Kang Road Launching Soon in Mid 2021
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Hoi Hup Realty won the top bid of S$183.8 million, translating to S$331.02 per square foot per plot ratio (psf ppr) and the breakeven price will be approximately S$660 psf ppr.
Leverage on Income/Profit to enjoy privilege of ECs with High profit margin
New Yio Chu Kang Road EC- Connectivity
Residents of new and upcoming EC in Yio Chu Kang Road can be served by the Hougang, Buangkok and Kovan MRT Station. It is approximately 1.6 km away from Kovan Town Centre and Kovan MRT Station, serving the North-East Line. And it is only 1 station to Serangoon MRT Interchange where residents of new EC in Yio Chu Kang Road can conveniently transit to the Circle Line which provides future residents of New EC more options of destinations. Within here, there is the Serangoon Bus Interchange future residents can access to many bus services providing a conduit of conveniences for them to commute to several parts of Singapore.
New EC at Yio Chu Kang Road is easily connected to Central Expressway (CTE). It will take approximately 15 minutes to the Central Business District (CBD), City Centre and Orchard Shopping Belt via Central Expressway (CTE) where they can access easily to Tampines Expressway (TPE), the Seletar Expressway (SLE) and the Kallang Paya Lebar Expressway (KPE) to various parts of Singapore.
New Yio Chu Kang Road EC- Amenities
New and upcoming EC in Yio Chu Kang Road is standing next to Regentville and Grace Haven Salvation Camp. It is approximately 300 m away from Hougang 1, where future residents may get their daily groceries and necessities at the retail shops and supermarket located in Hougang 1. New Yio Chu Kang Road EC is a short drive to many other shopping malls. They are Hougang Green Shopping Centre, Greenwich V, Heartland Mall, myVillage at Serangoon Garden, Hougang Mall, Hougang Plaza and The Midtown.
For more sports and leisure, residents of New EC in Yio Chu Kang Road can take a short drive to Hougang Swimming Complex, Hougang Stadium and Hougang Sports Hall.
New Yio Chu Kang Road EC- Education
New EC in Yio Chu Kang Road has many kindergartens and schools nearby. The primary schools which are within its vicinity includes Rosyth School, Hougang Primary School, Xinmin Primary School, Yio Chu Kang Primary School, Montfort Junior School, Zhonghua Primary School, Palm View Primary School, Holy Innocents’ Primary School, Fernvale Primary School and Punggol Primary School. New EC in Yio Chu Kang Road is also close to secondary schools such as Bowen Secondary School, Xinmin Secondary School, Hougang Secondary School, Serangoon Garden Secondary School, Montfort Secondary School, Peicai Secondary School, Pei Hwa Secondary School and Holy Innocents’ High School.
New Yio Chu Kang Road EC- Developer
The developer of Yio Chu Kang EC project is Hoi Hup Realty Pte Ltd. Founded in 1983, this company has successfully delivered over 900 residences to its customers. At the moment, the company is managing the development of some 500 homes. Its experience and consistent performance are why Hoi Hup Realty has firmed up its position as a reliable property developer in the country.
Their previous projects include the likes of Hoi Hup Sunway Novena Pte Ltd, The Whitley Residences, Sophia Hills, Royal Square, Residences @ Killiney, and more.
The sheer quality and the amazing results delivered by the developer have won it numerous accolades, including multiple property awards over the years. Building and Construction Authority (BCA) Awards are one of the most prestigious honors in the industry and Hoi Hup Realty has received this award a total of five times, which is a great achievement unto itself. They have also received recognition from the Urban Development Authority for sustainable development, and the National Parks Board for management of greenery. They have also received the Singapore 1000 and the SME 500 Award several times.
All in all, under Hoi Hup Realty, new EC in Yio Chu Kang Road will turn out to be one of the most sought-after properties in the region.
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| Project | New Yio Chu Kang Road EC |
| Developer | Hoi Hup Realty |
| Location | Yio Chu Kang Road (Hougang Planning Area) |
| District | 19 |
| Tenure | 99 years lease |
| Site Area | 198,519 square feet, 18,442 square metres |
| GFA: | 555,246 sqft/ 51,583 sqm |
| Plot Ratio | 2.8 |
| Expected TOP: | |
| Total Units | Proposed 531 residential apartments |
| Total Carpark | 1 basement carpark on LOT 9798K MK 22 |
| Development | Proposed Executive Condominium, comprising 9 blocks of 15 storeys, communal facilities which include Landscape pool, Club house, Lounge, Function room, Gym, BBQ Alfresco dining and More... |
| Unit Type: | 3 Bedrooms/ 4 Bedrooms and 5 Bedrooms |
| Architect | |
| Eligibility | SC/ SC and SC/SPR |
LOCATION and AMENITIES
Amenities Near New EC in Yio Chu Kang Road
| Category | Amenities Near Yio Chu Kang Road EC | Approximate Distance |
| Train Stations | Kovan (NE13) | 1.6km |
| Bus Stop | Gracehaven Salvation Army (Bus: 43, 70, 70M, 73, 103, 109, 156, 854, 854E) Opp Gracehaven Salvation Army (Bus: 6N, 43, 70, 70M, 73, 103, 109, 156, 854, NR6) Blk 941A (Bus: 112) |
0.2km 0.2km 0.3km |
| Supermarkets | Fairprice (Hougang One) Sheng Siong (Serangoon North) Giant (Buangkok Crescent) Cold Storage (Greenwich V) |
0.3km 0.7km 0.9km 1.5km |
| Shopping Malls | Hougang One Hougang Green Shopping Centre Greenwich V Heartland Mall myVillage at Serangoon Garden Hougang Mall The Midtown Hougang Plaza |
0.3km 1.3km 1.5km 1.6km 1.7km 1.8km 1.9km 2.0km |
| Education Institutions | Preschool | |
| PCF Ang Mo Kio-Hougang Blk 936-937 St. Vincent De Paul Kindergarten PCF Jln Kayu Blk 518-520-522 PCF Ang Mo Kio-Hougang Blk 632 Al – Istiqamah Mosque Kindergarten PCF Ang Mo Kio-Hougang Blk 929 Yio Chu Kang Chapel Kindergarten PCF Serangoon Blk 141 PCF Ang Mo Kio-Hougang Blk 970 Jenius Kindergarten (Hougang) |
0.3km 0.3km 0.4km 0.4km 0.5km 0.5km 0.6km 0.6km 0.7km 0.9km |
|
| Primary | ||
| Rosyth School Hougang Primary School Xinmin Primary School Yio Chu Kang Primary School Montfort Junior School Zhonghua Primary School Palm View Primary School Holy Innocents’ Primary School Fernvale Primary School Punggol Primary School |
0.3km 0.6km 0.6km 1.0km 1.3km 1.7km 1.9km 1.9km 1.9km 2.0km |
|
| Secondary | ||
| Bowen Secondary School Xinmin Secondary School Hougang Secondary School Serangoon Garden Secondary School Montfort Secondary School Peicai Secondary School Pei Hwa Secondary School Holy Innocents’ High School |
0.3km 0.6km 0.7km 1.0km 1.3km 1.7km 2.0km 2.0km |
|
| Junior College | ||
| Serangoon Junior College | 1.4km | |
| Tertiary | ||
| Nanyang Polytechnic | 3.3km | |
| International | ||
| Lycee Francais De Singapour | 1.1km | |
| Food Centre | Chomp Chomp Food Centre Serangoon Garden Market And Food Centre Hougang Street 21 Block 209 Market And Food Centre |
1.6km 1.7km 1.8km |
| Lifestyle | Hougang Sports Hall Serangoon Gardens Country Club Kovan Sports Centre Hougang Stadium |
1.2km 1.5km 1.9km 1.9km |
FACILITIES and SITE PLAN
The New Yio Chu Kang Road EC Facilities and Site plan is currently seeking approval from relevant authorities.
If you would like to be updated on first hand information for this upcoming EC along Yio Chu Kang Road or would like to know more about progressive and deferred payment schemes, Please
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RESIDENTIAL FLOOR PLANS
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HOUGANG OVERVIEW
Hougang is a mature town with good schools and a variety of parks and sports facilities. Over the next few years, residents will be able to enjoy more community facilities and recreational options and to have access to more jobs near home. There are also plans to showcase the town's rich history and heritage sites.
New Yio Chu Kang Road EC- Gracious living in a heritage town
Various initiatives will be implemented to enhance the overall living environment and to strengthen the residents' connection with local history. These include:
- A One-stop community club with hawker centre, a health-care facility and an arts centre, located at Hougang Avenue 9
- An Estate- Upgrading Programme a new pedestrain footbridge across Sungei Punggol at the Gerald-Mugliston Estate
- More retail amenities at Kovan, Hougang Central, Hougang Avenue 7, Buangkok Drive and Jalan Pelikal
- A new nursing home to serve the needs of elderly residents at Hougang Avenue 8
New Yio Chu Kang Road EC- Leisure- Greener than ever
Residents in Hougang will have easy access to many major parks in the North-Eastern Region via the North-Eastern Riverine Loop (NERL) park connectors. When the NERL eventually becomes part of the 150km long Round Island Route, recreation sites farther afield will be even more accessible, such as the Changi Coastal Loop. As the green network expands in future, most homes in Hougang will be closer to parks or park connectors. These include:
- New neighbourhood parks within Kovan Estate
- A park at the future Lorong Halus Industrial Park
- An expanded Punggol Park
- An extended park connector at Hougang Avenue 3 to link up with the Pelton Canal park connector, providing easier access to Kallang Riverside.
- New interim sports facilities at the Jalan Kayu Sports Hub at Buangkok Crescent
- Enhancements to the canal at Hougang Avenue 10 through new landscaping with outlook decks, shelters and seatings
New Yio Chu Kang Road EC- More transport infrastructure- Better roads with better rides
Hougang is well connected to other parts of Singapore via public transport. Getting around will become much easier with trasnport improvements to smoothen traffic flow and improve accessibility. These include:
- A New Integraged transport hub in Hougang MRT Station
- Road improvements along Upper Serangoon Road, Upper Paya Lebar Road, Tampines Road, Lorong Ah Soo and Hougang Central
- Extension of Buangkok Link and Buangkok Crescent to complete the local road network
- Construction of the Cross Island Line which will pass through Hougang when it starts operations by 2030 and provides another direct MRT route to Changi and the west as well as other major towns.
HIGHER DEMAND FOR ECs WITH ITS HIGH PROFIT MARGIN AND LOW ENTRY PRICE
Owners of Executive Condominiums (EC) stand a huge potential capital appreciation in due of the low entry price to purchase a unit compared to private condominiums.
After a period of 10 years, the EC will be privatised, changing its status to be on level to a private condominium. Foreigners will be able to purchase the unit then. Owners typically enjoy a capital gain after their EC is privatised.
The above table shows a significant increase in capital appreciation for EC owners.
Purchasing an EC is extremely promising as we may look into such capital appreciation after it becomes privatised over time.
As the entry price for an Executive Condominium (EC) is much lower than a private condominium, demand for ECs has been on the rise. New EC units are generally 15-30% cheaper than private condominiums. In addition, first timer are entitled to receive a CPF Housing Grant of up to S$30,000. These make EC an extreme worthwhile asset to purchase.
Physical features are similar when comparing between a new executive condominium with a private condominium. This include facilities such as gym, clubhouse, security guard, tennis court, swimming pool and many more.
Residents of this new EC in this matured estate of Serangoon North along Yio Chu Kang Road will look into a long term investment with high profit margin.
When doing a comparison between an executive condominium and private condominium, we know that both EC and private condominiums offer the same features such as swimming pool, gym, tennis court and many more,
As resale executive condominiums are typically larger in space comparing to its counterpart and with a lower entry price, demand has increased for the resale ECs. This has led to a narrowing of price gap.
Owners of resale ECs have profited greatly in the market with their low entry price and they had enjoyed the bigger space and same facilities.
DEVELOPER HOI HUP REALTY and MAIN CONTRACTOR STRAITS CONSTRUCTION
Developer- Hoi Hup Realty
Hoi Hup Realty Pte Ltd, established since 1983. A dynamic real estate developer who has accomplished over 900 quality homes and currently has a pipeline of more than 500 private residential units at different stages of development. Sold out projects including The Ford @ Holland, Suites @ Cairnhill and Waterford Residence indicated that developments were well-received by the market.
An eye for details and years of experience in the industry, our people have gained knowledge of the properties we develop. This knowledge enables us to increase our effectiveness and to deliver a high level of quality and innovative products to our home buyers.
Achieving high standards of building excellence. With a disciplined vision and a strong philosophy to develop properties that offer the highest level of style, functionality and innovation within prime and strategic locations, Hoi Hup’s dedication is harmonized by its commitment to outstanding workmanship and admirable value. Hoi Hup, are driven to innovate and set new standards as the niche developer that caters to a wide range of markets today and tomorrow.
Past Launches include:
Sea Esta
The Miltonia Residences
Arc@Tampines
Charlton Villas
City View@Boon Keng
deRoyale
Emerald East
Kovan Regency
La Vista@Yuan Ching
Legenda at Joo Chiat
Marine Ville
Merlot Ville
Mimosa Gardens
Questa at Dunman
Rio Gardens
Shelford 23
Sims Green
Suites@Cairnhill
The Bale
The Eastside
The Estiva
The Foliage
The Ford@Holland
The Foresta@Mount Faber
The Grandhill
The Maylea
The Peak@Toa Payoh
Vacanza@East
Versilia on Haig
Waterford Residences
Woodgrove Condominium
Main Contractor- Straits Construction
Straits Construction is one of Singapore’s leading builders with a repertoire of projects spanning the public and private sectors, from residential to commercial projects. Right from the start, we saw how we could do things better and faster. We are not just builders who know our craft well, but we are always thinking of ideas to take the business even further. We are innovators and solution providers looking for sustainable ways to improve the space where communities live and work in.
Some of our latest initiatives include leveraging technology to improve product quality, training and development to raise the skill levels of the industry, and spearheading one of Singapore’s integrated construction and prefabrication hubs to elevate productivity.
2016
The Whitley Residences
2015
Sea Esta
Yishun Greenwalk
Kovan Regency
2014
The Miltonia Residences
Lake Vista
Arc@Tampines
Executive Condominium Housing Development comprising of 9 blocks of residential building (574 units) at Tampines Avenue 8
Fernvale Foliage
TOOLBOX
The Foresta @ Mount Faber
Vacanza @ East
2013
Questa @ Dunman
2012
Residences @ Killiney
Casa Clementi
The Peak @ Toa Payoh
2011
Damai Grove
Shelford 23
2010
Buona Vista Court
City View @ Boon Keng
Charlton Villas
Dover Gardens
Waterford Residence
Versilia on Haig
Suites @ Cairnhill
Coralinus
Public Housing Development comprising of 6 blocks of residential building (365 units) at Punggol Place
2009
Hoi Hup Building
Multiple-users Industrial Development with basement carpark at Jalan Kilang
The Ford@Holland
Condo housing development comprising of 2 blocks of residential building (85 units) at Ford Avenue.
HOI HUP GETS HIGHEST BID FOR EC LAND PARCEL IN YIO CHU KANG ROAD
SINGAPORE — An Executive Condominium (EC) site on Yio Chu Kang Road has attracted healthy interest from developers, with the highest of ten bids amounting to S$183.8 million, the Housing and Development Board (HDB) said at the close of tender today (Feb 18).
The new 99-year leasehold site launched in Yio Chu Kang Road, which is next to a condominium development, Regentville, released from the Confirmed List of the second half of the 2015 Government Land Sales (GLS) programme, sits on 198,302 sq ft of land. With a plot ratio of 2.8, the site has a maximum allowable gross floor area of about 555,246 sq ft and can yield an estimated 520 homes, the HDB said.
The top bid, coming from Hoi Hup Realty, translated to S$331.02 per sq ft per plot ratio.
Mr Eugene Lim, Key Executive Officer at ERA Realty, said: “Despite the high numbers of unsold EC units, we are still seeing heightened interest in the EC segment. The rather high level of competition for the site in Yio Chu Kang Road could be due to its ease of accessibility via driving and proximity to Rosyth School, which runs the Gifted Education Programme”
“Also, the new launch land site in Yio Chu Kang Road is in an estate surrounded by HDB flats of Serangoon North, Hougang and accessible to Ang Mo Kio, provides for a ready catchment pool for developers. The final development will likely be a family-oriented project, aimed at those with children.
ECs are a public-private hybrid housing form with initial buyer eligibility and resale conditions that are completely lifted 10 years after an EC project has been completed.
JLL national director Ong Teck Hui pointed out that although this land site in Yio Chu Kang Road is not next to an MRT station, it is a bus ride or short drive away from Serangoon Station and also enjoys good road connectivity with the Central Expressway within easy reach.
Based on the highest bid by Hoi Hup Realty, selling prices for this EC development in Yio Chu Kang Road will possibly be around S$750 psf to S$800 psf price range.
Hoi Hup's construction arm Straits Construction will build the project.
"We're looking at a project of about 560 units, of which a majority of about 70 per cent will be three-bedroom apartments, followed by about 15 per cent of units that will be four-bedders. The rest of the units will have either two or five bedrooms."
Mr Nicholas Mak, head of research and consultancy at SLP International Property Consultants, noted that the top bid for the new site at Yio Chu Kang Road was 6.1 per cent higher than the second-highest bid, illustrating the aggressive bid by the developer.
He added: “The top bid is 18.2 per cent higher than the land price of the new launch EC site launch at Anchorvale Crescent in the same Sengkang planning area, which closed in January 2015 at S$280 psfppr. As the new land site in Yio Chu Kang Road is nearer to amenities such as mall, hawker centre and reputable schools, the higher land premium is expected.
Source: TodayOnLine and Business Times
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