Want a house in Yishun? Learn the upcoming North Gaia EC at Yishun Avenue 9
The EC land at Yishun Ave 9 drew in a higher-than-expected leading bid price of $373.5 mil from Singapore-listed home designer Sing Holdings. The cost converts to a land rate of $576 per sqft per plot ratio. The bid rate is better than market expectations that variety from $500 to $550 psf ppr. 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, and it will be at some point in 2021, which is 6 to seven years after the last 2 EC tasks were introduced.
The The new Yishun EC North Gaia is located in close proximity to a plethora of amenities. The project is a few minutes' walk away from Yishun and Khatib MRT Station. The rest of Singapore is also highly accessible via TPE, SLE, CTE, and the future North-South Corridor (NSC).
Drivers will find the future North-South Corridor (NSC) that makes travelling into the city a lot faster. The NSC with 21.5 km route will run both underground and above ground from Woodlands to CBD. Express bus services will run along the route on dedicated bus lanes and the cycling trunk route will be established along NSC.
Source: North Gaia EC https://north-gaia.com/
The site is surrounded by a wide range of 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 various retail outlets, food and beverage, food courts, additional choices for grocery shopping, community club and public library. The residents will enjoy the convenience of amenities with cinemas, restaurants, supermarket, and eateries.
ECs are often said to "make money" immediately after the five-year Minimum Occupation Period (MOP). Some believe prospective buyers are easy to find for resale ECs-- only the first batch of buyers are faced with the MOP, and the theory is that any buyers would be purchasing closer to the date of full privatisation.
Developers have always been confident about ECs, for the reason that these are some of the highly-sought-after property types. ECs are in between public and private housing; they are only HDB properties for the 1st few years, and are privatised after that.
The Seletar Aerospace Park – offering 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.
The name Yishun is a Mandarin romanisation of Lim Nee Soon, a prominent industrialist who became rich from the rubber and pineapple plantations he had in the area. Yishun planning area is divided into several 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.
Is another condo in Tanah Merah Kechil Link worth buying?
Tenders for Tanah Merah Residence at Kechil Link sites gathered quotes 'over expectations'. The tenders for two confirmed-list domestic area under the Government Land Sales (GLS) program for the first half of the year closed on Thursday Oct 29. The two 99-year leasehold land parcels - at Tanah Merah Kechil Link and Yishun Avenue 9 - sold by the Urban Redevelopment Authority (URA) as well as the Housing Board (HDB) respectively, were the first GLS tenders to close from the pandemic started. Amid the economic downturn, the proposals were usually above assumptions, analysts claim.
The Tanah Merah Kechil Link new condo lies beside the Tanah Merah MRT station as well as within close closeness of Changi Business Park. With no mall around the MRT terminal, there would be strong demand for stores as well as food and also drinks electrical outlets. The closeness to the Tanah Merah MRT terminal on the East-West Line (EWL) supplies simple and easy access to business centres in Tampines and Paya Lebar, as well as neighboring Changi Business Park, the Changi Airport and also exciting future developments in Changi East. It is also a straight train trip to major task centres in Raffles Place and Jurong East on the EWL.
Source: Tanah Merah Residence @Kechil Link tanah-merah-residence.com
The promote decentralisation-- amid enhancement in public transport - has actually drawn in numerous companies to establish their existence in local industrial hubs such as in Paya Lebar as well as Tampines. As an example, the Tampines Regional Centre has come to be a location for lots of banks' back-office functions, while Paya Lebar has become a vibrant live-work-play location with developments including incorporated growth Paya Lebar Quarter, Paya Lebar Square and also SingPost Centre. Not neglecting the dynamic Changi Business Park nearby, which is residence to many technology companies and also economic services business.
At the same time, passionate buyers will certainly not need to look much for some shopping, because the task will offer industrial stores on the very beginning. Beyond that, there are lots of other retail offerings and also event spaces in the vicinity such as the Singapore Expo, Changi City Point, Bedok Mall, Bedok Point, East Point, as well as naturally the substantial Jewel Changi Airport, which not only houses a thorough mix of F&B, retail as well as lifestyle options but additionally the 40-metre high HSBC Rain Vortex-- the world's highest interior falls.
Compared with the various other GLS sites for the initial half 2020 for both the validated as well as well as get listings, the Tanah Merah Kechil Link site also has the smallest GFA, which would require much less resources demand and also thus, much less economic danger to establish.
Future property owner aiming to lease the unit to expatriate family members would certainly be heartened to recognize that there are two global colleges - Nexus global institution in Aljunied as well as United World College South East Asia (East Campus) in Tampines-- that are a short car ride away.
Tanah Merah is a geographical region located along the south-eastern coastline of the East Region of Singapore. Although its limits aren't precisely clear, it is often extensively accepted that term "Tanah Merah", is used to refer to the southerly coast of present-day Bedok, Tampines, Changi as well as Changi Bay.
Information of Tampines St 62 EC
Two 99-year leasehold sites used as part of the Government Land Sales Program have each brought 9 proposals at state tenders.
One is a site for an exclusive housing development with business room on the 1st floor, situated alongside the upcoming Lentor MRT station on the Thomson-East Coastline Line; as well as another is a land parcel for an executive condominium (EC) real estate along Tampines Street 62. ECs are a public-private housing crossbreed.
For the EC land parcel in Tampines Street 62, the top proposal of S$ 422M or almost S$ 659 psf ppr came from a consortium comprising a Qingjian Realty and also Octava Pte Ltd joint venture and Santarli Realty.
Although it looks like really steep for such a mass market EC, compared with Canninghill Piers which will be launched soon, the launch price is actually very approachable.
New executive apartment in Tampines St 62, District 18, is tactically located along the condo belt, beginning with 2 of the existing condos in Tampines - The Trilliant and also the Citylife.
With the Tampines North terminal of Cross Island Line opening in year 2030 and future Integrated Transportation Center (ITH), the locals of Tampines North EC will take pleasure in excellent connection.
From: Tampines St 62 EC https://tampinesnorth-ec.com/
Motivated by the wonder of nature's terrace landforms, Tampines Street 62 EC is a bold building interpretation of natural splendour. A classic style characterised by rotating balconies of verdant greenery, water cascades and undulating surface. An extremely preferable address to call house, its estate condition leaves a lasting heritage for generations to delight in.
Tampines St 62 EC is in the ground Regional Centre in Singapore as well as fully grown estate with renewed restoration. There will be a lot of chances beyond 2030 - 800 hectares of makeover at your front door with the moving Paya Lebar Airbase in 2030.
Tampines is a preferred location with EC purchasers. Parc Central Residences at Tampines St 86, which was introduced in H1 2021, is around 14% left, attaining a median rate of above $1,170 psf.
real estate developers have constantly been certain about ECs, since these are a few of the much more sought-after property types. ECs are a cross between public as well as exclusive housing; they are only HDB residential or commercial properties for the 1st ten years, and also are fully private afterwards.
Tampines is the preparation area and domestic community in the geographical region of Tanah Merah situated along the north-eastern shore of the East Region of Singapore. The preparation location is surrounded by Bedok and Paya Lebar to the west, Pasir Ris to the north, Changi to the eastern, as well as the Singapore Straits to the south. Tampines New Community lies in the north section of Tampines preparing area.
Why is Yishun Ave 9 EC a good buy?
The tender for the executive condominium (EC) site at Yishun Ave 9 was awarded to Sing Holdings , after it sent the top quote of $373.5 mil, stated the Real estate and also Growth Board (HDB) on Fri 20 November. Launched available on 30 Apr, the 99-year leasehold land has a location of 21,514.0 sqm and also an optimum gross flooring area of 60,240 square meter. It can generate up to six hundred real estate units. The tender for the land parcel closed on 29 Oct 2020, with seven bids got. The Yishun EC project 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. Drivers will find the future North-South Corridor (NSC) that makes travelling into the city a lot faster. The NSC with 21.5 km route will run both underground and above ground from Woodlands to CBD. Express bus services will run along the route on dedicated bus lanes and the cycling trunk route will be established along NSC. 
Source: New EC in Yishun https://www.yishunec-sg.com/
The site is surrounded by lots of amenities to create a pleasant living environment. A short drive to Northpoint City, the latest mega integrated mixed project and transportation hub in Northern Singapore, a favourite haunt for the nearby residents. It offers many retail outlets, food and beverage, food courts, additional choices for grocery shopping, community club and public library. The residents will enjoy the convenience of amenities with cinemas, restaurants, supermarket, and eateries. 
ECs are often said to "make money" right after the five-year Minimum Occupation Period (MOP). Many people believe prospective buyers are easy to find for resale ECs-- only the 1st batch of buyers are faced with the MOP, and the theory is that any buyers would be purchasing closer to the date of full privatisation. 
Developers have always been confident about ECs, for the reason that these are some of the more in-demand property types. ECs are a cross between public and private housing; they are only HDB properties for several years, and are fully private after that. 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 had in the area. Yishun planning area is separated into several zones covering 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.
Key Singapore Property Buying Mistakes You Will Need to Avoid
If you have your eyes set on a piece of property in Singapore, you are hardly alone. A lot of foreign buyers from all four corners of the world have a particular soft spot for property in the lion city.
It is easy to see why. Singapore, a first world nation with matching first-world living standards, has one of the lowest tax rates in the world among the developed countries. This rationale is a big deal.
If you are a job creator, and not necessarily a job seeker, you would take this very seriously. Unfortunately, a lot of high-end countries with very high standards of living also have matching high tax rates.
As you can well imagine that there is a tremendous amount of demand for tax havens. Besides, Singapore is at the hub, both geographically and financially, of Southeast Asia.
Indeed, you only need to spend a couple of hours on a plane, and you will find yourself in Australia, China, Southeast Asia, and add a few more hours, and you will find yourself in India as well as Japan and Korea.
These advantages stand out. It's no surprise that there are so many foreign and local buyers for real estate in Singapore. With that said, given the high demand and interest, it is no surprise that a lot of property buyers in this market make a lot of mistakes.
These mistakes are quite common. Unfortunately, if you were to commit these mistakes, you probably would end up paying more money than you need to.
You just got so excited and so pumped up about owning a piece of real estate in this part of the world that you temporarily take leave of your senses, and you wake up to the sobering reality that you shelled out a lot more cash than you needed to.
Keep the following common property buying mistakes in Singapore in mind, so you don't commit them.
Don't let your emotions get the better of you
This is easier said than done. It is. Why? When you look at the property valuation charts for individual districts in Singapore, it's as if you are looking at a no-lose proposition.
Imagine playing a game where there is a guarantee that you will walk away with more money than when you started. Of course, you'd get excited. Who wouldn't?
A lot of people get thrilled about the positive real estate trends in Singapore that it shows no signs of slowing down over an extended period. Sure, there are temporary drops and dips, but when you look at the big picture, and we're talking about a 20-year timeline, it's a sure win.
It's like shooting fish in a barrel. Given that impression, people just let their emotions get the better of them, and they make emotional buying decisions—bad mistake.
Never let your impulses get the better of you because you will, at least in the short term, pay more money than you need to.
There's a lot of frenzied vying for supposedly hot properties when a little bit of research will tell you that there are related or nearby properties that you can snap up at a relative bargain.
The tendency to look for free advice
There's nothing wrong with free advice in and of itself, but you have to understand that free consultation can only take you so far. As the old saying goes, "You get what you pay for."
The bottom line is if you are looking to buy the very best property and you want the ins and outs of the process, you don't have to pay extra fees in terms of hidden costs and ongoing costs. You just need professional advice.
Unfortunately, if you are a cheapskate, you have to come to terms with the fact that you're going to have to pay for that advice. Why? That advice is specific to your set of circumstances and nobody else.
You're looking to pick somebody's brains, who will customize the information so that it makes sense to you and gets you the outcome that you're looking for. That information is not free, because it takes a lot of work to get that information and verify the data.
If you want to buy a new house, you may ask around which is better - new launch or resale condo? You will get different opinions from different people.
The good news is that the savings that you get to enjoy, pay for or make up for the amount of money you shelled out for that paid advice.
Buying because of a herd mentality
Have you ever come across a restaurant that has no people in it? I know I have. Let me tell you, that my first instinct is to keep on walking. That's right. I walk past it.
When I think back on it later, I assumed that the reason why no one is inside the restaurant and enjoying their meals is that somehow someway, the food must not be all that good, so I kept walking.
The opposite is also true. If you see a restaurant with a long line at the front, that snakes through the corner, then there's something in you telling you that you should also fall in line. If the restaurant serves a cuisine that you like, all the more that you might feel tempted to join the line.
This is human nature. You're not going along to get along. Instead, you are intrigued by the fact that the food may be so tempting that people couldn’t help but queue up. Why would people in their right minds line up without a good enough reason? Do you see how this works?
This dynamic play out in Singapore. A lot of entirely high condo towers don't get much love from the market because they don't know how to promote themselves.
However, in terms of amenities, physical structure, and all the essential selection criteria that you usually apply to condominium buildings in Singapore, they are perfectly equal or almost the same as a nearby condominium tower that has a long waiting list.
In Singapore, people always tend to say freehold is better without truly knowing why or is it really always correct? Do you own research to compare freehold property and leasehold, you will derive your own understanding and answers.
The herd mentality can work against you because when people line up for a property, you can bet that its price goes up more than it needs to. Keep the mistakes above in mind if you are in any way, shape, or form thinking of buying in Singapore.
Whether you're buying a small property or a large one, it doesn't matter. By avoiding the mistakes above, you can hang on to every hard-earned dollar you have in your pocket.
Parc Central Residences will be launched in H2 2020
Hoi Hup Realty Pte Ltd's JV with Sunway Group has been awarded the land sale tender for the coveted EC site located at Tampines Avenue 10. The keenly participated tender closed on the 15th of January, drawing a total of 7 bidders in all with Hoi Hup Sunway submitting the highest bid of S$434.4m, or S$578 psf of GFA. Hoi Hup Sunway intends to develop a luxury EC development Parc Central Residences of about 700 units on this 24,938sqm site which can yield up to a maximum of 69,829sqm GFA. The location provides a rare opportunity to develop a luxury EC development within a matured area. Furthermore, with the last EC launched in the east region being in 2012, there is a pent-up demand for this asset class that is in limited supply in the east as well as the entire island.
The site is well served by lots of amenities within stone's throw in the heart of the regional centre of Tampines. This ranges from the Tampines Town Hub - Singapore's first-ever integrated community and lifestyle hub which offers a variety of sports and community facilities, to offices, educational institutions and a number of matured regional shopping malls. These malls include Tampines Mall, Tampines 1, and Century Square.
Not to forget the is conveniently linked to the city and the rest of the island via major arterial roads and expressways such as the Tampines Expressway and the Pan Island Expressway. It is also a short distance away from the Tampines MRT station and the Tampines West Station along the Downtown Line.
The new EC, named Parc Central Residences, is estimated to be launched in 2nd half of 2020.
*Tampines is a planning area and residential town in the geographical region of Tanah Merah located along the south-eastern coast of the East Region of Singapore. The planning area is bordered by Bedok and Paya Lebar to the west, Pasir Ris to the north, Changi to the east and the Singapore Straits to the south. Tampines New Town is located in the northern portion of Tampines planning area. Tampines is the 3rd largest new town in Singapore by area, covering over 2089 hectares of land and also is the 3rd most populated new town, following Bedok and Jurong West. It is the regional centre for the East Region.
Pasir Ris Central Creates Double Concept Food World
Pasir Ris Central, adjecent to White Sand Park, there are a total of 42 booths and 770 seats on the upper and lower floors. On the ground floor, local desirable traditional hawker food will be sold; on the second floor, FAREGROUND @ Upper Deck will launch a new generation of hawkers whom are keen on food. On top of the international food, the dining atmosphere is more modern.
Pasir Ris Central will inject new elements into local delights. In addition to providing local traditional hawker foods familiar to Chinese, it will also introduce trendy foods sought after by young people, becoming a paradise for the next generation of hawkers to present their new idea.
The Pasir Ris Central Hawker Centre, which will be operated by the NTUC Rich Diners Co-operative, will be seperated into 2 sections and the ground floor will consist of 20 cooked food stalls retailing local popular traditional hawker food. FAREGROUND @ Upper Deck on the second floor will launch a new generation of hawkers, as well as Western or Chinese and Western food, or Italian, French or Japanese food. There are 22 booths on this floor.
In addition to the international food on the second floor, the dining atmosphere is more current. It will be transformed into a social space for friends and family to gather and chat. In addition to dining together, you can also relax with two drinks there.
In order to ensure that residents should enjoy food at rational prices and good quality, and at the same time allow hawkers to have a rational income to support their livelihoods, NTUC requires that each stall provide at fewest two affordable meals (Budget Meals) per day to ensure that residents may eat suitably a meal.
Avenue South Residence - the first large-scale project in the southern waterfront gateway
The lunar calendar, commonly known as the "Ghost Festival", ended on Thursday, and the developers who have been inactive for a long time are busy again. This weekend, a new project will be launched to test the "water temperature" of the property market. One of the more eye-catching new debuts is the Avenue South Residence on Silat Avenue.
Prime Minister Lee Hsien Loong recently announced the details of the development of the Southern Southern Waterfront at the National Day Rally, which has caused the attention of private home buyers. UOL is vigorously promoting Avenue South is "the first large private residential project in front of the southern waterfront gateway".
Avenue South Residence has a total of 1074 units, distributed in two 56-storey residential buildings and five four-storey retaining buildings. The developer will launch 300 units first. The price of more than half of the units is less than $1.5 million, the one bedroom unit starts from $850,000, and the second bedroom unit jumps from $1.15 million.
UOL's president pointed out at the project promotion meeting yesterday that the Avenue South Residence unit is divided into three categories, including the Peak Collection on the upper floors, the Horizon Collection on the lower floors, and the Heritage Collection in the reserved buildings. The average price is $2250, $1980 and $1780.
According to the letter, the Southern waterfront gateway will be an important development project for the government to reshape Singapore. This 2,000-hectare area, equivalent to six areas of the Marina Bay area, will promote more vigorous business and leisure activities and create many business opportunities. It will also bring huge value-added potential to private houses around the area.
He also hinted that the company won the land of Avenue South Residence at a competitive price, so it would allow the first batch of buyers to enjoy a more attractive price. However, the price of the project may increase, just like the projects such as The Tre Ver and Amber 45.
Tampines Ave 10 EC Lot attracts seven parties to bid
An executive condominium (EC) site in Tampines Ave 10 was closed today, and a consortium of Hoi Hup Realty and Sunway Developments topped the list with a bid price of $434.45 million.
The consortium just marked another EC site in Canberra Link in September last year and also launched Rivercove Residences, the only EC project last year.
The results of the tender announced by the Housing Development Board show that the Tampines Ave 10 EC has attracted seven parties to bid. The price tag of Strait Industrial and Sunway Development is equivalent to a floor area ratio of 578 yuan per square foot. The second highest bid for MCC Land is equivalent to 574 yuan per square foot.
The total floor area of this 99-year lot is about 69,815 square meters, and about 695 units can be built.
However , some believe that the Marina Bay project is huge, but in the past two years, many developers have actively purchased land and resources are relatively limited. If the Binhai Jingdi section is launched for bidding in the next few months, the developer bidding situation should not be too intense. It is estimated that there will be four to eight parties participating in the bidding. The highest bidding price is equivalent to the floor area ratio of $1426 to $1600 per square foot.
The risk of rising interest rates and Sino-US trade tensions is now increasing, and developers should be more cautious when bidding.
375 units sold in two days, Piermont Grand set EC price record
This year's first new executive condominium (EC), Piermont Grand, sold 375 or 46% of its units in the first two days of the opening from 17 July 2019, with an average selling price of $1080 per square foot, setting a record for the highest price of EC. .
The Piermont Grand in Sumang Walk is jointly developed by City Development (CDL) and TID.
Urban Development issued a statement on Sunday that as of 6 pm, 375 of the 820 units were sold, making it the best-selling real estate project this year. The project has three to five bedroom units ranging in size from 840 to 1701 square feet with a starting price ranging from $888,000 to $1.58 million.
According to the statement, 245 units of buyers are the second home buyers, accounting for about 30% of the total number of units. According to the current regulations of the Housing Development Board, 30% of the units at the time of the opening of the EC are reserved for the second home purchasers. As a result of the full amount, the second home purchaser who could not buy a house this time can purchase from the remaining units after one month.
The last launch of the EC project, Rivercove Residences, sold about 500 units at a record price of 965 yuan, about 80% of the total, when it opened in April last year. Now 628 units have been sold out, and the median price is about $1,000.
