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.
