The EC site at Yishun Ave 9 attracted a higher-than-expected top quote price of $373.5 million from Singapore-listed residential property designer Sing Holdings. The price converts to a land rate of $576 per square foot per plot ratio. The proposal price is better than market expectations that array from $500 to $550 per square foot per plot ratio. The last two ECs released in Yishun were both in year 2015. The new EC at Yishun, now known as North Gaia, will be the next, as well as it will certainly be sometime in 2021 or 2022, which is 6 to 7 years after the last 2 EC tasks were introduced.
The North Gaia in Yishun ave 9 is located in close proximity to a plethora of amenities. It is down the road from Junction Nine and is also surrounded by numerous established schools.
Despite being in a location that is removed from the hustle and bustle of the city centre, the new EC at Yishun is relatively accessible via major expressways such as TPE, CTE & SLE.
Source: New EC in Yishun https://north-gaia.com/
The site is surrounded by many amenities to make it a wonderful place to stay. A short drive to Northpoint City, the latest mega integrated mixed development and transportation hub in Northern Singapore, a favourite haunt for the nearby residents. It provides diverse retail outlets, food and beverage, food courts, additional choices for grocery shopping, clud & library. The residents will enjoy the convenience of amenities with cinemas, restaurants, supermarket, and eateries.
Why invest in North Gaia? Efficient layout & design allows flexibility in customization. Minutes walk 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 confidence in 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 1st few years, and are privatised after that.
The Seletar Aerospace Park – providing purpose-built land and infrastructure for the aerospace industry – plays an important 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 MOP.
The name Yishun is a Mandarin romanisation of Lim Nee Soon, a prominent industrialist who made his fortune from the rubber and pineapple plantations he found in this place. Yishun planning area is separated into sub-zones namely Khatib, Lower Seletar, Nee Soon, North Land, Springleaf, Yishun Central, Yishun East, Yishun South and Yishun West. Springleaf and Nee Soon subzones are private housing estates in Yishun.