With crowds flocking to the show flat of the new executive condominium (EC), Signature at Yishun, it could be sign Yishun will be seeing a potential rejuvenation. This district will already have a new private condominium Northpark Residences, interconnected with the Northpoint Shopping Centre and bus terminal ready by 2018.
With the recently announced raise in income ceiling to $14,000 for EC applicants, it will not be surprising if this new launch, the first EC to be launched after the change, draws a high number of applications. Applications are open till September 20.
Photo credit: Executivecondominiums.sg
Situated in Yishun Street 51, the 525-unit Signature @ Yishun EC will be quite near the Orchid Country Club and Lower Seletar Reservoir. Developed by JBE Holdings, which also has The Amore and SkyPark Residences executive condominiums under their belt, the new Signature EC will feature three- and four-bedroom units ranging from 764 to 1,302 sq ft. If prices of their previous EC launches were anything to go by, pricing of units at Signature will be around $800 psf or higher. Just next to this new EC project, another plot of land will also feature an EC by City Developments which has yet to be announced.
Yishun truly looks like it will see quite a bit of activity in the next decade or so. Will HDB flats in the district also enjoy the spillover benefits?