16/06/2021
Someone asked me “Why would anyone pay $1,900,000 😱 for a condo in YISHUN? 🤯”
First. Let’s look at who is buying Yishun (red marked). HDB upgraders.
Versus, who is buying Eastern Region, say, Tanah Merah. Private owners.
Do you know that Yishun has around 200,000 residents staying in HDB (62,786 HDB flats), which is about the same as HDB residents population in Bedok Town and Jurong Town, namely 2 of the biggest towns in Singapore.
The difference here is that the entire stretch from Tanjong Rhu all the way to Pasir Ris is packed with condos.
If you look at the North Region (Yishun, Yio Chu Kang, Sembawang) you don’t really get
As many choices especially a nice condo, integrated with MRT and mall or just Near MRT.
Woodlands is working hard to becoming the 🔑 key commercial hub in the North, but mind you, Woodlands itself has to have enough condo supply for its 250,000 HDB residents (68,000 HDB flats).
Coming back to Yishun, having its own HDB massive upgrader pool to satisfy, what are the good condos you can buy in North, really, for just Yishun's 200,000 HDB upgraders?
Remember, im using 200,000 pax instead of flats cos every individual could potentially own 1 private property.
Using HDB population is just 1 of the analysis out of ao many others, such as…
“Would you buy into somewhere that has developed or somewhere undiscovered or still developing?” Or…
“where are your tenants coming from” or…
“income range, demographics, buying behaviours”. etc etc.
Lastly, if you are already excited and owns one of the 62,000 HDBs and want to upgrade to condo, sorry to say it’s not like you can do it tomorrow or the day after. It takes time, it takes planning. We can share this excitement together. 🤪 Don’t worry. We won’t be jumping to a $1.9mil. Let’s start with what you can afford first.
