With many new condo launches everywhere in Singapore, Yishun is definitely one them that has some huge plans going for sure. Recent new launch property that hit the news headlines in 2014 are the popular LakeVille Condo, The Skywoods, Highlines Residences Singapore – Kim Tian, Marina One Residences, Marine Blue Condo Singapore and the freehold property at Kovan – Trilive Condo. So what’s up for Yishun.
More Than Just a few New Property Launches in Yishun
Symphony Suites being the latest new launch condo had launched on 31st January 2015 with 56 units snapped up during the preview. Prices ranging at $1000 psf on average. It is the only development in Yishun not offering the “Personal Enclose Space” balconies, so to be able to price at an attractive quantum for property buyers. That’s makes it a good buy. Being apart from that, Yishun has some other developments going on that you may or may not heard of. The rest of the new property launch are Junction Nine Residences (average price at $1196 psf), Skies Miltonia and the upcoming biggest blockbuster for 2015 in Yishun – North Park Residences. These developments in Yishun are the choices of many investors looking into them; as you may not know, if you are looking for property prices below $1300 psf, that is the location that you should look in depth to it right now, just before the North Park Residences takes place.
Truth be Told
Imagine the largest new launch, North Park Residences going to happen in no time, what do you think will happen to all the prices for properties in Yishun? What kind of psf price you think will North Park Residences be launching at? All these high upside potential are going to be limitless for Yishun as the current North Point shopping mall will be going through a huge revamp, getting a new face lift for the arrival of North Park Residences’ TOP. It will be the seamless connectivity, the largest shopping mall with more than 500 retails and restaurants, one stop for all bus interchange and MRT all fully sheltered and will be the landmark in Yishun Central.
Steady Sales of Condos in Yishun
Skies Miltonia, a new launch near orchid country club had their units 90% sold. Junction Nine Residences at Yishun Ring Road had sold 90% of their units too. With the flying off the shelve pricing for these 2 said developments, they are the ones topping the sales and keeping up the best buy properties in Singapore; if you are intending to look for low entry price with low risk and anticipating to see short term in time for capital appreciation, you should be looking to invest in one if the units in Yishun. With all the cooling measures in place like the ABSD, TDSR Loan to Value, Mortgage Servicing Ratio, choices in Yishun are more affordable for you even with the measures factored in.
Best Time Is Now
Despite the soft property market now in Singapore, it doesn’t mean there’s going to be any huge price cut for properties. Simply, due to the raise in costs of constructions, labours, levy, materials and taxes; the prices today are, in fact, considerably affordable as developers has to take into consideration for buyers’ affordability with all the curbs in place. Just think about it what if today without all the cooling measures in place, what kind of price will you still be looking at developers to price at? Investors with good foresight will choose to place their investment right now, simply to enjoy what the market called – The First Mover Advantage!