The Housing & Development Board has launched the tender for an Executive Condominium site at Miltonia Close today. The site can yield approximately 430 EC units. The tender for this site will close on 14 April 2026.

While the site is not within walking distance of an MRT station, it is located near Lower Seletar Reservoir, which may appeal to homebuyers looking for a more tranquil homestead close to greenery and water bodies. Several schools are within 2km of the site, which may also boost its appeal to families with school-going children.

The most recent EC site sold in Yishun was the site at Yishun Avenue 9, which was awarded in November 2020 at a land rate of S$576 psf ppr. It is now the development North Gaia, which is fully sold out. The launch of a new EC site for sale in Yishun is timely, as it has been a number of years since a new EC site was launched here, which may lead to some pent-up demand. Moreover, with a large catchment of HDB flats in Yishun, there may be keen demand from HDB upgraders looking for a new residential project in Yishun. ECs also remain highly popular amongst buyers due to their affordability.

Orchid Country Club is also set to be rezoned for residential use in the future, after the lease expires in 2030. This will mean a larger supply of both public and private homes in the area in the future, where developers may have greater choice from the upcoming supply down the road. However, more amenities will also be introduced to support the future residents, which will also benefit the homebuyers of this EC.

As the site location is further away from the MRT, interest in the site may be more moderate. We expect 2 to 4 bids for the site, at a highest land rate of S$650 to S$750 psf ppr.