Robust interest for site at Tanah Merah Kechil Link and Yishun Ave 9

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The residential with commercial at first storey site at Tanah Merah Kechil Link attracted 15 bids, with MCC Land submitting the top bid of nearly $249 million or $930.33 per sq ft per plot ratio (psf ppr). It is expected that MCC Land to launch the Tanah Merah residence at an average price of between $1,600 psf and $1,700 psf.
On the other hand, the executive condominium (EC) site at Yishun Avenue 9 attracted seven bids, which is in line with the seven to nine bids for EC plots following the cooling measures in July 2018. With a leasehold tenure of 99 years, the Yishun EC has an area of 21,514 sq m and a maximum GFA of 60,240 s m. It is about 1.4km from the Yishun MRT station and is expected to yield around 600 housing units.

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