Is Nuovo a good property to purchase?

Here is a summary of NUOVO:
Street Name: Ang Mo Kio Avenue 9
District/Planning Area: D20 / Ang Mo Kio
Property Type: Executive Condominium
Developer: CHESTER PROPERTIES PTE LTD
Tenure: 99 Yrs From 02/05/2001
Completion: 2004
Est. Land Size: 13,723 sqm
Number of Units: 297 units
Bedroom Types: 3BR, 4BR
Buyer Profile by Residential Status: Singaporean 90.2%, PR 9.5%, Foreigner 0.2%, Company 0.0%
Average sale price*: $1,345 psf
Rental Yield**: 2.9%
*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction
**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction