All about the North Gaia EC in Yishun
The EC site at Yishun Avenue 9 brought in a higher-than-expected leading quote price of $373.5 mil from Singapore-listed residential or commercial property designer Sing Holdings. The rate converts to a land price of $576 per sqft per plot ratio. The proposal rate is better than market assumptions that range from $500 to $550 per square foot per plot ratio. The last 2 ECs released in Yishun were both in 2015. The new EC at Yishun, now known as North Gaia, will be the next, and it will be at some point in 2021, which is 6 to 7 years after the last 2 EC jobs were released.
North Gaia EC, Area 27, is a household place for the routine city slicker. Located along Yishun Avenue 9, the new North Gaia EC at Yishun is a suburban oasis for the normal city dweller. The homeowners will take pleasure in the distance to rich plant at Sungei Khatib, which gives residents a scenic view and is a definite plus point for nature fans. It is close to Sungei Khatib with its lush greenery that will appeal to nature fans looking for a scenic view. The brand-new exec condo has an unblocked view of the water and also the nature park.
This land parcel is an Exec Condo (EC) parcel, located at the intersection of Yishun Ave 8 and 9, next to the Harmony Suites condominium. Aside From 9 Houses, situated around six hundred metres away, the other properties here are HDB flats. Like several various other EC websites, it’s fairly much from the MRT station– roughly 1.6 km. However, it is within 700 metres (nine minutes’ walk) of the Junction 9 shopping mall. This is the first EC launch in Yishun in 2015, the last being The Signature and The Criterion.
Source: North Gaia EC north-gaia.com
The new EC @ Yishun Ave 9 is also family-friendly as it is close to Chongfu Primary School, Northland Primary School, Chung Cheng High School and Yishun Junior College. Khoo Teck Puat Hospital and a community hospital nearby will help to fulfill the healthcare needs of the residents.
Why invest in North Gaia? Efficient layout & design allows flexibility in customization. Walking distance to the food court, markets and convenient stalls. Attactive rental with close proximity to G.E.M.S International School + Seletar Aerospace Park. Free 1 Year Shuttle Bus To Yishun MRT & Bus Interchange. Within 1km To Yishun Integrated Mall with Interchange/ North Point City. Near Health care center; Khoo Teck Puat Hospital, the Yishun Community and Yishun Pond was revamped with a three-storey lookout tower. Developers have always been confident about ECs, because these are some of the highly-sought-after types of properties. ECs are a mixture between public and private housing; they are only HDB properties for the first 10 years, and are privatised after that.
The Seletar Aerospace Park – providing purpose-built land and infrastructure for the aerospace industry – acts as a vital role to supporting the country’s vision to become a global aviation hub. These growth areas are key employment nodes which can potentially provide a healthy tenant pool for future residents who wish to lease North Gaia EC units out – after fulfilling the required minimum occupation period.
Yishun, originally known as Nee Soon, is a town located in the northeastern corner of the North Region of Singapore, bordering Simpang and Sembawang to the north, Mandai to the west, the Central Water Catchment to its southwest, Ang Mo Kio to its south, as well as Seletar and Sengkang to its east.