Located in the north-east region of Singapore, Yishun (formerly known as Nee Soon) is a vibrant and lively estate comprising the smaller subzones of Yishun Town, Chong Pang, Nee Soon and Khatib.
Developed in the 1980s, Yishun had its first flats being built at Chong Pang. Rapid development of the area began and the town has since matured, becoming home to more than 221,000 residents across over 65,000 units.
With the massive overhaul that Yishun's flagship mall Northpoint City (formerly Northpoint Shopping Centre) received in 2017, greatly improving amenities available and ease of transport for residents, there has been a steady upward trend in the popularity of Yishun as an estate, particularly in the HDB resale market.
Market Overview and Analysis
With 3746 units sold valued at $1.73bn, Yishun has earned a spot as the #4 best selling estate in Singapore with regards to HDB resale transactions.
HDB transaction numbers have been consistently growing in the last decade, despite a drop in one of the quarters during the peak of the COVID-19 circuit breaker measures. In fact, it is within the post-pandemic landscape that we have seen the highest ever resale numbers in Yishun’s history!
Life in Yishun
There are plenty of things to do in Yishun, being one of the older residential estates in Singapore. The continued development and popularity of the area has led to multiple shopping malls, food centres and markets, as well as leisure facilities being built over the town's illustrious history.
HometeamNS Khatib is the latest addition to the offering of leisure activities available in the Yishun area. The recreation facility, built in 2020 features an indoor adventure park with high elements and rock climbing, as well as the first PvP AirSoft arena in Singapore. These new facilities bring attraction to the Yishun area as they are not only frequented by local townsfolk but also people travelling from other parts of Singapore.
Northpoint City is one of Yishun's most recognisable features, spanning a great length of Yishun's main road. The mall, once known simply as Northpoint Mall underwent major expansion works in 2017, expanding its range of retail and food options to over 500, developing into an integrated transport hub that connects its condominium, North Park Residences with Yishun MRT station and bus interchange.
ORTO (formerly known as BottleTree Park) is another of Yishun's famous landmarks. The leisure park is home to a multitude of fun and family-friendly activities such as prawning and fishing, a trampoline park and various dining options. Nanyang Trading Aquarium, located deep inside the park also happens to be one of the largest exporters of aquarium goods, as well as tropical fish - not only in Singapore but worldwide.
Residents of Yishun also have access to various education options, with 10 primary and 8 secondary schools in the area. Notable institutions include Naval Base Primary and Secondary Schools, as well as Chung Cheng High School. There is also a junior college in the area, Yishun-Innova Junior College, offering an A-level programme to interested students.
Among the many fantastic amenities Yishun has to offer is Khoo Teck Puat Hospital (KTPH). The 800-bed hospital houses wards, general hospital services alongside specialist treatment clinics and therapy centres.
The hospital is one of the cleanest and most modern design-wise in Singapore, and prides itself on being a 'Hospital In A Garden, Garden In A Hospital'. Residents can feel assured that they are well taken care of with such a modern and developed medical facility in the heart of their town.
Transport in Yishun
While Yishun might not have received direct benefits by the opening of recent MRT line expansions, mainly the Downtown and Thomson East-Coast Lines, residents in Yishun and Khatib still enjoy a direct route into town via the North South Line. They can also access interchange stations such as Woodlands or Bishan with ease, diversifying their transport options.
For people that drive, they can easily get onto the SLE and CTE, reaching central areas in under 30 minutes. Despite its OCR location, Yishun still remains the 4th most popular town for housing transactions and we can definitely see an even brighter future for the town if it receives an extra MRT station or access to a new rail line.
Property Pricing in Yishun
Yishun has seen a steady rise in property valuation ever since the lull caused by the COVID-19 circuit breaker period. Particular attention has to be paid to executive apartments, which have risen significantly in demand and price over the past 2-3 years in particular.
In fact, the most expensive unit sold in Yishun, a 10-12th floor unit located at Block 661 Yishun Ave 4, happens to be a 1765 sqft executive apartment, fetching a record sale value of $1.078m last year. With such a strong showing in the market, Yishun is one of the prime estates to own property in - and if you own a unit in Yishun, particularly a 5-room or EA flat, now is prime time to consider selling!
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