North Gaia is the first EC site since 2014 in Yishun Ave 9
North Gaia is a brand new executive condominium (EC) development that is located on Yishun Ave 9. It covers a total area of 21,518.8 sqm and an maximum GFA of 60240 square meters. The new executive condo is expected to accommodate up 600 units.
It's been seven years since the last time the government approved the government an EC site for constructed within Yishun. It was in May 2014, and was for an area within Yishun Street 51. Finally the new EC North Gaia has been announced and this time it will be located within Yishun Avenue 9 located just next to the Waterway.
The land auction at the Yishun Avenue 9 EC site in 2020 has generated a number of inquiries, with 7 bids. The site is 1.4 kilometers away from the Yishun MRT station, and is able to create 600 dwelling units. The land was purchased through Sing Holdings in November 2020 after it secured the highest price, $373.5 million which amounts to a value of $576/square feet for this plot's ratio.
It is scheduled to go live in 2022. in 2022, the Yishun Avenue 9 North Gaia EC will likely attract a large number of buyers, specifically HDB upgraders seeking to transition from public housing to private-owned. With the shortage in new EC availability in the area and the upcoming 99 year leasehold property is likely to see an impressive rise in demand.
Why Executive Condominiums?
Executive condo (EC) is an mixed residential property. It's essentially a condo that requires buyers to follow certain guidelines from the Housing & Development Board (HDB) prior to it is fully privatized. EC becomes fully private after 10 years from the time it's completed.
EC is developed and is sold directly to the private developers using land that are sold through the federal government. Since 1997, the government has offered land parcels for EC projects via competition-based land tenders. Buyers who want the exclusivity that comes with a guarded neighborhood as well as the convenience of condominiums are able to purchase Executive Condominiums. They are priced lower as compared to other privately owned residential properties. Benefits of Executive Condominiums
Despite the restrictions that are imposed on buyers of homes, there are a few advantages which make EC an appealing property kind for buyers particularly first-time homebuyers. First of all, the costs of EC are less expensive that private condos. Furthermore it is possible that the EC buyer can enjoy the luxury and comfort associated with living within a condo. In addition, should the EC owner decides to sell their property in the near future the high possibility that they could earn an income since the EC is gradually privatized. Additionally to this, there is the Deferred Payment Scheme is available as one of the financing options available for new ECs. In this plan, buyers are required to pay twenty% from the property cost as a down payment and the remaining the balance when they get keys to their homes.
More Information Developer: Sing Holdings Limited
Established in 1964. Sing Holdings Limited and its subsidiaries (the "Group") was established in 1964. It is an property growth and investment firm that is listed at the mainboard of the Singapore Exchonge. It has a long experience of developing with a broad range of properties including landed houses condominiums, industrial and commercial structures. It also owns a Group also owns a 291-room limited-service hotel, referred to by the name of Travelodge Docklands situated in Melbourne.
North Gaia is proudly designed by Sing Holdings Limited. It is a publicly traded company that is listed on the Mainboard of the Singapore Exchange. With a wealth of experience in the development of real estate sector in Singapore It is demonstrated and demonstrated in their previous and present projects, Parc Botannia, The Laurels, Waterwoods, Robin Residences and Meyer Residence.
North Gaia EC is located along Yishun Ave 9, district 27. If you reside in North Gaia, abundance of convenience is only an easy walk away: great schools, great shopping malls, serene neighbourhood parks, and social centers for the community are all within the vicinity of. If you are in search of a place for shopping, North Gaia residents can go to the Junction 9 mall which houses Sheng Siong's Supermarket and several restaurants along with stores for retail and fashion. In addition to that, shoppers have two bus stops to the Yishun Interchange/MRT. This provides them with access to numerous shops at Northpoint City.
Family members with their children who attend school within North Gaia are footsteps from fantastic schooling. Northland Secondary School is only a 10- minutes walk away and Northland Primary School, Yishun Primary along with Ahmad Ibrahim Primary School are located in close proximity.
In addition, close to North Gaia are community centres along with recreation centers and parks that provide for the well-being of residents. A few alternatives close by include Yishun Neighbourhood Park, Yishun Pond Park, Sembawang Hot Spring, Yishun Sports Hall and Nee Soon Spring Community Centre. These facilities will provide residents of the coming North Gaia residents with social places where they can remain active and engaged by taking part in fitness and social activities.
North Gaia is also near commercial hubs, such as Seletar Aerospace Hub, Woodlands Regional Centre, Yishun Bizhub and The Yishun Industrial Park. The area will enable the new residents the opportunity to live close to their homes.
Health services can be found within a just a short distance within North Gaia, should you need these services. Healthcare facilities are readily available near by such as Khoo Teck Puat Hospital, Khoo Teck Puat Hospital, Yishun Community Hospital as well as Yishun Polyclinic all within one drive away from the North Gaia EC site.
The brand new North Gaia EC in Yishun Avenue 9 will be served by public transport. The nearby Yishun MRT station offers an easy way to access the Orchard Road shopping belt and the main business district of Raffles Place. It's also four stops from the Woodlands MRT station, which will serve as an interchange station for the upcoming Thomson East Coast Line (TEL) that will boost connectivity to Singapore's east area and the eastern region of Singapore.
Car owners who live in North Gaia will enjoy an advanced road network made up of arterial and main roads linking with expressways, bus stops, bus interchanges and Metrorails. There is the Bukit Timah (BKE) Expressway and Seletar Expressway (SLE) are both reachable from Yishun. The newly constructed North-South Expressway (NSE) will reduce traffic congestion and increase accessibility to northern regions as well as in the CBD.
Furthermore residents could benefit from the planned 21.5-km of length, north-south corridor (NSC). It's been dubbed one of the largest Transit Priority Corridor that will transform the way that people travel between and between the Northern Region and the City. The corridor will link different modes of transportation, which include designated bike route, buses lanes, and walking routes. The expressway will be complete by 2026. It will also help reduce the time spent in commute and enhance connectivity.
Due to its in proximity to world-renowned schools like GEMS World Academy, North Gaia is a great option for families with expats as well. Parents who are keen on studying around the world will be delighted to live close the Gems World Institute situated at 2 Yishun. The school provides education for students from the age of kindergarten until year 12 (secondary instruction).
Other schools close to each other include:
- ChongFu Primary School
- Naval Base Elementary School
- Yishun Primary School
- Yishun Town Secondary School
- Xishan Elementary School
- Huamin Elementary School
- Orchid Park Secondary School
- Peiying Elementary School
- Chung Cheng High School
- Northland Secondary School
In addition, Yishun Library is in the town, too. The library's public space has distinct interiors and provides the ideal learning atmosphere that students can enjoy. The library was renovated and opened in the year 2018 , with new learning spaces available for the public to utilize.
NORTH GAIA EC NEAR SHOPPING MALLS
North Gaia is situated near a variety of retail facilities that range from small stores to large shopping malls. Residents of the future are within or a mere drive from locations that can help them with the necessities of life, such as food, household goods and more.
The malls that are located in the area include eateries, play areas for children, facilities and playground equipment and entertainment facilities to allow shoppers to take a break after a long time spent shopping. The top malls within the range within North Gaia include Northpoint City, Yishun Mall, Wisteria Mall, Khatib Central, and Junction 9.
North GAIA EC and its immediate vicinity restaurants and eateries
Yishun offers a wonderful dining experience, with plenty of eating options to North Gaia EC residents. There are a variety of eateries, cafes and restaurants offering delicious food scattered throughout the neighborhood. North Gaia EC residents can take advantage of an enjoyable dining experience with delicious food and beverages in quiet zones.
There are a variety of shops that sell hawker food in close proximity to eat cheap food. The best Chinese restaurants, such as Wong Chiew Restaurant, The Famous Kitchen as well as Putien restaurant are close enough to walk around and take advantage of delicious and simple Chinese food. These restaurants offer local cuisines like Roast Meats and Chinese Noodles, Seafood Zhu Chao and more.
The people who are fans of Hawkers will have a wonderful time in North Gaia. You can sit down on the menu at 892 Yishun Hainanese Chicken Rice to enjoy succulent and juicy meat, with fragrant grains, or visit 928 Yishun Laksa to taste delicious gravy that's thick and delicious serving fresh and juicy cockles. swollen and succulent.
PARKS & RECREATIONAL SPACES NEARBY NORTH GAIA
Yishun is well-known for a myriad of reasons and one of them is its location of incredible green spaces, opportunities for recreation and fun things to do. Nature-lovers who reside in North Gaia will never run out of activities outdoors and can enjoy several of the most renowned cycling and hiking trails easily accessible.