An Executive Condominium site at Yio Chu Kang Road was released for sale via Government Land Sales (GLS) in December 2015.
The EC site is about 18,423 square metres and is located along Yio Chu Kang Road between Hougang Avenue 2 and 9.The development is estimated to house around 520 units. Nearby amenities include Hougang Swimming Complex, Sports Hall and Stadium. The Hougang Green Shopping mall is also in the vicinity.
The land parcel had drawn the interest of 10 developers and the land tender was awarded to Hoi Hup Realty Pte Ltd at a tender price of $183,800,000 which is equivalent to approximately S$331 per sq ft per plot ratio. Based on the bidded psf, speculated selling price is around $750 to $800 psf.
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