How Much Do You Really Know About The North Gaia EC?

PHOTO: | Sembawang Park 3 Near To North Gaia EC

North Gaia can be found at the Yishun MRT Station, Yishun avenue 9 just 2km from the Yishun Town. This is the newest EC location in the area to be offered on GLS since 2014, after Signature at Yishun (completed 2017, 2018). There could be some demand.

North Gaia at Yishun Ave 9 is adjacent to Symphony Suites, which were completed in 2018, and have been sold at an average of S$1,118 per square foot in 2021. Nine Residences, a mixed retail/residential development on Yishun Avenue 9, was completed in 2015. It has been resold at an average price of S$1,167 per square foot in 2021.

PHOTO: | Bird Eye View For Land Plot For North Gaia EC at Yishun Ave 9 by Sing Holdings

Sing Holdings Limited was awarded the tender for the executive condo (EC), land parcel at Yishun Ave 9. It received the highest quote of $373.5m. The Housing and Growth Board (HDB), announced Friday 20 November. The 99-year leasehold parcel of land has a 21,514.0 sqm area and a maximum gross floor of 60,240 square meters. It was launched for sale on April 30th. It could generate 600 housing units. Seven bids were received for the land parcel, closing the tender on 29 October.

The New North Gaia EC at Yishun Ave 9 can be found in close proximity of a variety of amenities. It is located just down the road from Junction Nine, and is also close to many established schools.

Despite its location far from the bustle and bustle of the city center, the new EC in Yishun can still be reached via major expressways like TPE, CTE, and SLE.

North Gaia EC is a great place to invest. The efficient layout and design allow for customization. The food court, markets, and convenient stalls are all within walking distance. Excellent rental opportunity with proximity to G.E.M.S International school + Seletar Aerospace Park. One-year free shuttle bus to Yishun MRT & Bus Interchange. Within 1 km To Yishun Integrated Mall/ North Point City. Nearby Health Care Center; Khoo Teck Puat Hospital and Yishun Community were remodeled with a three-storey tower that looks out over the Yishun Pond. Developers trust ECs because they are the most in-demand properties. ECs can be described as a mix of public and private housing. They are HDB properties for the first few years and then privatized.

North Gaia EC lies close to potential growth areas like the Woodlands Regional Centre or the Seletar Aerospace Park, which will provide more opportunities for local workers. The Woodlands Regional Centre has been designated the biggest economic hub in northern Singapore. Over the next 15-years, the authorities will create new areas for industry, research and development, as well as space for business.

Originally known as Nee Soon (or Yishun), Yishun is a residential area in the northeastern region of Singapore. It borders Simpang and Sembawang on the north, Mandai on the west, the Central Water Catchment and Ang Mo Kio on the south, and Seletar as well as Sengkang and Seletar to the east.

Tenders for Tanah Meah Residence in Kechil Link were closed with bids “above assumptions”. Tenders for two residential sites on the Government Land Sales program (GLS), for the first half of the year were closed on Thursday, Oct 29. The first GLS tenders closed on Thursday, Oct 29. They were for 99-year leasehold parcels at Tanah Merah Kechil Link and Yishun Avenue 9. These parcels were marketed by both the Urban Redevelopment Authority(URA) as well as the Housing Board (HDB). Experts claim that the proposals were often higher than assumed in the middle of an economic crisis.

The North Gaia EC @ Yishun Ave 9 new building is family-friendly. It is located close to Chongfu Primary School (Northland Primary School), Chung Cheng High School (Yishun Junior College) and Chung Cheng High School (Chung Cheng High School). The residents will have access to Khoo Teck Puat Hospital as well as a nearby community hospital.

PHOTO: | ChongFu School Near North Gaia EC at Yishun Ave 9 by Sing Holdings

ECs often claim that they “make money” as soon as the five-year Minimum Obligation Period (MOP) is over. Many believe that prospective buyers are easy-to-find for resale ECs. Only the first batch of buyers is confronted with the MOP. The theory is that all buyers would be buying closer to the date full privatisation.