News Considerations Before You Invest In North Gaia EC

Considerations Before You Invest In North Gaia EC

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Sing Holdings was awarded the highest bid at $576 per plot for this new EC site located at Yishun Close along Yishun Avenue 9. The land is 231,576 square feet in size. North Gaia EC will contain 11 blocks of 14-storey towers and 617 units, ranging from 2 br to 5 br types. Keep an eye out for the launch of this new EC!

Sing Holdings offered the largest bid at $373.5million for the 21,514-square-metre executive condominium (EC), site on Yishun Ave 9. This is an outbid of seven received by the HDB.

This 21,514 sq m North Gaia EC property could be used to build 617 homes. It is also near Junction 9, a new shopping mall.

The land rate is $576 per square foot per year. This would give an estimated breakeven price of between $1,000 and $1050 per square footage. The developer plans to launch new units at prices higher than $1,100 per square foot.

North Gaia EC is ideal to 1st-timers. CPF Grants up to $30k are available for eligible applicants. 2nd-timers do not have to pay ABSD for HDB upgrades. HDB upgraders can avail the Deferred Payment Scheme, which gives them flexibility and peace of mind, while not having to service two mortgages. Buyers can put down 20% and then defer the balance until TOP. It is a very affordable option for anyone who wants to live and own a condo unit.

It is located on Yishun Avenue 9 near Oasis Waterpark @ Nee soon East. This place is great for families who want to enjoy outdoor fun on weekends. You can also find a modern Yishun Park Hawker that will replenish your energy with tasty delicacies.

Sembawang Park & Beach is also within a short distance. Seletar Aerospace Park is also nearby. You can enjoy your morning brunch with family at the cafe in Seletar Aerospace park, which has a spectacular view of private planes landing and taking off right in front Seletar Airport. You can also let your children run around in safety.

North Gaia Project Information

Since HDB stopped building HUDC or executive flats a few decades ago, Executive Condominiums have been highly-respected housing developments in Singapore. The EC site at Yishun Avenue 9 is likely to be the first EC launched in 2022.

Developer:

Sing Holdings Limited

Description:

Executive condominium development consisting of 11 blocks with 14-storey towers, 617 units from 2-br to 5 br, and a basement carpark, tennis court. Landscape deck, clubhouse, and communal facilities are also included.

Tenure:

99-year Leasehold

Location

Near North Gaia EC is Oasis Waterpark @ Nee soon East and Yishun Park Hawker. Family fun is possible at the Oasis Waterpark. Enjoy a delicious meal at Yishun park Hawker, where you can fill up your stomach with local delights. You will be spoiled for choice.

You can also drive to Yishun Dam and Sembawang Park, as well as Sembawang Beach. Seletar Aerospace Park can also be reached by a short distance.

Train Stations

  • Yishun
  • Canberra

Leisure

  • Yishun Safra
  • Oasis Waterpark
  • Sembawang Park
  • Seletar Aerospace Park

Supermarkets

  • NTUC Fairprice (Blk 239)
  • Sheng Siong (Junction 9)
  • Cold Storage (Northpoint)
  • Giant (Yishun St 22)
  • and more….

Schools

  • Chongfu School
  • Huamin Primary
  • North View Primary
  • Xishan Primary School
  • Ahmad Ibrahim Primary
  • Jiemin Primary
  • Northland Primary
  • Yishun Primary

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