Rachael's Property Corner: September 2013

Wednesday 25 September 2013

Condo: Nine Residences & Junction 9 - The first mixed development near to Yishun MRT!

The First Mixed Development within walking distance to Yishun MRT!

Project Information

Project Name : Nine Residences & Junction 9

Location : Yishun Avenue 9

Developer : CEL Development

Tenure : 99 years lease hold

Site Area : 95,350 SF (approx)

T O P : 30 Jun 2017

District : D 27

Facilities : Full Condo Facilities

Unit types:

Nine Residences (Residential)
2 Blocks of 11-storey Residential Towers and 6 Townhouses with condominium facilities (186 units)

1 Bedroom (46sqm) 4
1+Study (51-53sqm) 26
2 Bedroom (65sqm) 22
2+Study (66sqm) 44
3 Bedroom (85-93sqm) 51
4 Bedroom (109sqm) 22
5 Bedroom (126-127sqm) 11
Strata Terraces (144sqm) 6

Junction 9 (Commercial)
2-storey Retail Podium (146 units-Total: 129 shops / 17 restaurants)

1st Storey Shops (15-67sqm) 72
1st Storey Restaurants (55-105sqm) 12
2nd Storey Shops (11-977sqm) 57
2nd Storey Restaurants (125-390sqm) 5

Selling Points:

1) First Mover Advantage - The latest land sales at Yishun Avenue 2 is at $1076psf ppr in September 13 compared to the land bought by CEL in Junction 9 at $794psf ppr which is a whopping 35% increase in Land Costs!!! There is still so much room for capital appreciation in Junction 9 & Nine Residences!!

2) Large supply of BTO units near to Junction 9 to be ready by 2015 and this would boost the demand of retail shops in Junction 9!
17,000 new private and public housing has been launched since Dec 2007 in Yishun with 7500 units to be completed in 2015. This is definitely a good catchment area for retail shops in Junction 9. The residential human traffic flow in Yishun is definitely tremendous and there is obviously a lack of adequate shopping amenities in this large Yishun Estate!

3) Being near to the Seletar Aerospace Park, there is a pool of ready tenants from big established companies such as Rolls Royce, ST Aerospace etc. who enjoy convenience and quality living in a mixed development near to work, cutting the hassle of long travelling and shop and dine under one roof.

World largest education provider, GEMs Education through the International Baccalaureate Education Program is pumping $213m to set up the first Southeast Asia education campus in Yishun. This means another large pool of rental demand from the students, educational providers or professionals.

4) Yishun is part of the government's remaking of heartland plans to make it an Exciting and Vibrant Hub with a newly integrated air conditioned bus interchange, community club and more shopping amenities!

Indicative Pricing for Junction Nine & Nine Residences:

1Rm from $6xxK

1+S Rm fro $7xxK

2 Rm from $7xxK.

2+S Rm from $8xxK

3 Rm from $9xxK

4 Rm from $1.2xxm

5 Rm from $1.4xxm

Terrace $1.6xxm

Commercial units from $5xxK

L1 Shop $4500 to $5500psf

L2 Shop $3000 to $4500psf