Hoi Hup's top bid for Hougang EC site near high end of expectations

Singapore

DESPITE sluggish EC sales, the top bid for an executive condo site in the Hougang/Yio Chu Kang area has come in towards the high end of market expectations.

The 99-year leasehold site is not near any MRT station but is considered attractive as it is nestled in an established HDB estate, which provides a catchment of potential buyers for the future EC project, and is near amenities (including Hougang 1 mall). It is also a stone's throw from the popular Rosyth School, which runs the Gifted Education Programme.