Huttons' comments on the EC site at Yishun
At more than 2ha in size, this is one of the largest sites for EC development since the sale of a site at Tampines Avenue 10 in Oct 2018. It is also the first EC site to be launched since 2014.
The response for the EC site is unlikely to be affected by Covid-19 as the launch of the project will be 15 months later in 2022, The uncertainty over the economy will have been cleared by then. There is potentially pent up demand for an EC as the launch of Signature at Yishun and The Criterion was in 2015.
A healthy participation of between six and eight bidders is likely and we may see a top bid between $520 and $550 psf ppr for the site.