Developer JBE Holdings said its Signature at Yishun executive condominium (EC) will be the "most affordable in 2015".
The firm will release its prices on Sept 24 - two days before booking day when successful online applicants can buy their preferred unit.
The development is also the first EC project to be launched after the recent increase in the income ceiling from $12,000 to $14,000.
Signature at Yishun, in Yishun Street 51 with "easy access to the Orchid Country Club and Lower Seletar Reservoir", will start accepting online applications next Friday.
The 525-unit project is next door to an as-yet-unlaunched EC being built by City Developments (CDL).
JBE's EC will have two-, three- and four-bedders ranging in size from 764 sq ft to 1,302 sq ft.
It will have a 50m lap pool, a yoga deck, foot reflexology walk and urban farming lawn among other facilities on offer.
JBE Holdings chief executive Patrick Lam said yesterday: "In line with SG50 ... we intend to price Signature at Yishun to be the most affordable EC in 2015 along with Singapore's home-ownership vision of making housing affordable and with ever-increasing quality."
Signature at Yishun, which is in Yishun Street 51, will start accepting online applications next Friday.