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North Gaia EC – A good property investment?

 

This review is North Gaia by Sing Holdings Ltd. It’s a 99-year leasehold development at Yishun Avenue 9 in District 27. The site covers 21,514 square meters (231,575 square feet). The blocks will have ten 14-storey blocks and total 617 units.This is the first EC to be built in the area since 2014. There will likely be some demand. It also boasts one of the most prominent executive condo locations since the 2018 sale of Tampine Avenue 10 land parcel. The Parc Central Residences currently under construction.This review will provide an objective examination of the design, locational attributes, and investment potential.

Who is North Gaia EC’s Developer?

Sing Holdings Limited is the developer of North Gaia EC on Yishun Avenue 9. It is a Singapore-based property development and investment holding company. It was founded in 1964 and is listed on the Mainboard of Singapore Exchange.The Company is involved in many types of property development including landed homes, apartments, condos, condominiums, office buildings, industrial buildings, factories, warehouses and offices. It has built several residential projects, including BelleRive in Bukit Timah, The Laurels of Cairnhill, Waterwoods, Punggol, Robin Residences at Robin Drive.The Company’s projects have been awarded the FIABCI Singapore Property Award, and the BCA Greenmark Award (Gold Plus).

Source: www.northgaia-ec.sg

North Gaia Executive Condo

After the government launched the land auction on 30 April 2020, Sing Holdings won the Yishun Avenue 9 location. Sing Holdings paid $373,500,000 to secure the parcel of land measuring 21,514 sqm (231 5,75575 sqft). This land parcel has a maximum gross floor area (GFA) 60,240 sqm (648.418 sqft), which translates into a $576 psf ppr rate for North Gaia EC.North Gaia will be available for purchase at $1,200 per square foot. The prices for North Gaia will be very similar to those for Parc Central Residences executive condo in Tampines that was released for sale in January, but at a slightly higher land rate of $578 per square foot ppr.Over at Canberra Crescent, Provence Residence was the most recent EC to launch in the north this season. The land price is $566 per square foot, and the prices range from S$ 1,022 to 1,304 per square feet.North Gaia will have a limited opportunity to purchase a property at a lower price, given that Tengah’s June tender for an executive condo site set a new record. This beats the $583 psf perr record for Sumang Walk EC Site in Punggol.

North Gaia EC: Key Attributes

  • It is located next to Khatib Bongsu Nature Park and offers a stunning view of Sungei Khatib, Johor Straits and the surrounding area.Green and peaceful living surroundings near many nature parks3 buses stop at Yishun MRT Station and Integrated Transport HubJunction Nine is just 6 minutes walk away, with many other shopping centers within easy reach.A wealth of lifestyle amenities – SAFRA Yishun Country Club and Orchid Country Club are just a few examples of the many interesting options available.

Where is North Gaia EC located?

Source: www.northgaia-ec.sg

North Gaia EC can be found next to Symphony Suites. This condo development was completed in 2018 on Yishun Avenue 9. It overlooks the Khatib Bongsu and Sungei Khatib nature parks, which offer breathtaking views of the 40ha nature reserve, Seletar island, and Johor Straits.It is approximately 1.6 km from the Yishun integrated transportation hub (ITH). ITHs are fully air-conditioned bus interchanges, which are connected to MRT stations and adjacent commercial developments like shopping malls.Northpoint City is the largest mall in the north and is only 3 bus stops away.

Living Close To Nature

Khatib Bongsu Nature ParkNorth Gaia executive condo can be found just across the Khatib Bongsu reserve and Sungei Khatib.It is expected that the 40ha nature reserve will be completed by 2024. The area used to include mangroves and other mudflats. The public can explore the rich fauna and flora of the reserve, and also go kayaking through its dense network of mangrove waterways.There are many parks near Khatib Bongsu, including the following:

Yishun Park @ Yishun Greenwalk – This park was completed in 2016 and is located on the Yishun Ring Road. It is only 10 minutes walk from North Gaia EC. This park is open to all members of the community, and allows them to learn more about Singapore’s native flora. Signboards are available to assist visitors in navigating the park and trails. Families will enjoy the sheltered resting areas and children’s playground.

Yishunpond Park – Located just 6 minutes from North Gaia EC it is a peaceful haven with a pond surrounded and cultivated by a wide range of plants, trees, shrubs, and marshland species. Information boards provide information about the park’s fauna and birds. Nature enthusiasts can find many bird species and learn more from them. Visitors can also enjoy a bird’s-eye view of the surrounding area from the spiral tower. Or, visitors can relax on the benches and take in the beauty and tranquility of the water promenade.

Yishun Park – It’s a 14-hectare park that features natural greenery and a variety tropical fruit trees like durian, rambutan and star fruit, coconut, star fruit, coconut, bread fruit trees, and other tropical fruits. It was built from an old rubber estate and offers many facilities, including a children’s playground, fitness zones, amphitheatre, multi-purpose courts, and an amphitheatre. Multi-purpose courts and playgrounds are great for families, as well as for entertaining children for hours. Visitors can also use the facilities at the SAFRA Clubhouse located on the park’s premises.

Lower Seletar Reservoir Park – Just 8 minutes from North Gaia EC’s office, the tranquil waters, balmy breezes, and peaceful surroundings make it a great place to enjoy leisure activities on land or in the water. It features a Family Bay, a new performance stage, and a bioswale, rain garden, and a Heritage Bridge. There are many activities to enjoy. It’s a popular spot for exercise enthusiasts to go for jogs or leisurely walks, and the jetty is a great place for anglers to catch their next big catch.

Sembawang Beach Park This is one of Singapore’s last natural beaches and is very popular among anglers, bird-watchers, and water-sports enthusiasts.

Sembawang hot spring park – Located 6 minutes from North Gaia EC. The geothermally heated water has healing and medicinal properties that may help with rheumatism and arthritis, as well as skin conditions. The hot spring water is popular for its healing properties. Some even use it to cook eggs.

Yishun Nature Park

Yishun Pond Park

Lower Seletar Reservoir

Sembawang Hot Springs Park

Convenient access to Amenities

North Gaia EC can be found 6 minutes walk from Junction Nine, a neighborhood shopping center. It is composed of two levels and houses 146 commercial units, which offer shoppers and families an extensive range of retail shops to satisfy their daily needs.There are also several restaurants and a food court. On Level 2, you will find a Sheng Shiong supermarket for groceries and fresh produce.Yishun Ten is located approximately 700m from Junction Nine.Yishun Ten is home to a Golden Village cinema as well as several retail outlets. It is connected with Northpoint City which is the North’s largest shopping center. It offers a wide range of retail, lifestyle and recreation options as well as F&B choices. Northpoint City also houses the Nee Soon Central Club, Yishun Public Library, and a town plaza with 10 basketball courts. Residents of North Gaia EC have all the modern conveniences they need.There are many shopping centers around the Yishun estate, including Northpoint City and Junction Nine. They are located just 1-4 stops from Yishun MRT station and include Canberra Plaza, Sembawang Shopping Centre Sun Plaza, Causeway Point, Sun Plaza, Sun Plaza, and Sun Plaza. They provide North residents with a vast retail ecosystem that can meet all their daily necessities.

Interesting Activities at Yishun

Yishun was once a remote and sleepy nighbourhood in a far-flung part of Singapore. It has become one of Singapore’s most desirable suburban housing estates in the past two decades, thanks to the opening of the Yishun Metro Station in December 1998.Residents of North Gaia EC have a unique experience because they can find many interesting and fun recreational activities scattered throughout the precinct. These include:

SAFRA Yishun – It offers a variety of outdoor and indoor activities for all ages. Among the most popular are Canopy Walk, a rope course that allows climbers to be lifted 15-18m above the ground, Rock Climbing & Abseiling and Cosmic Bowling (glow in the dark bowling), Paintball, Laser Tag, and others.

ORTO Fishing and Prawning – This is the largest fishing and prawning facility in Singapore. The seafood caught on the spot can be grilled right there for your enjoyment.

ORTO Maximum Drift-Karting Arena is Singapore’s first and most exclusive Drift-Karting Arena. It is Go-Karting mixed with a “Drifting” element. Drivers will have to steer the vehicles around curves so they don’t slide. This is a test of their control and ability to keep the wheels in place when the tires lose grip.

Diggersite is a place where families and children can experience the joy of operating small-scale construction machinery. Children will benefit from the educational and recreational digger rides. They can also learn fine motor skills and improve hand-eye coordination.

Goats at Hay Dairies– Visitors can learn about goats and also milk them. It’s a great day out for all ages. Fresh milk can also be purchased and available in chocolate and original flavors.

Water Venture, Sembawang – This company conducts outdoor activities like kayaking, sea-rafting and camping. You can also enjoy team-building obstacles courses similar to OBS, with stunning views of the Straits of Johor.

SAFRA Yishun

Diggersite

ORTO Prawning and Fishing

Hays Dairies

Schools Near North Gaia Executive Residence

Many schools are located near North Gaia. There are many schools within 2km of North Gaia for families who wish to register their children for Primary 1 admission. They will be granted priority admission due to the Ministry of Education’s distance based admission criteria. These primary schools include:Within a 1km

  • Chongfu School

Source: www.northgaia-ec.sg

Between 1 and 2km

  • Ahmad Ibrahim Primary School

There are many secondary schools to choose from, including:

  • Admiralty Secondary SchoolAhmad Ibrahim Secondary SchoolSecondary School CanberraChung Cheng High School (Yishun)Naval Base Secondary SchoolNorthbrooks Secondary SchoolNorthland Secondary SchoolOrchid Park Secondary SchoolSembawang Secondary SchoolSpectra Secondary SchoolWoodlands Ring Secondary SchoolSecondary School YishunSecondary School Yishun Town

North Gaia EC is approximately six minutes away from Yishun Innova Junior College. It is the nearest post-secondary institution.

International Schools

There are a few international schools within a short distance of North Gaia EC. This could attract expatriate families working in the northern part of Singapore. These international schools include:

  • GEMS World Academy

Khoo Teck Puat Hospital (KTPH)

Khoo Teck Puat HospitalThe Khoo Teck Puat, located just 5 minutes from North Gaia EC provides quick and easy access for residents who live in the North to all of the North’s medical facilities. It can also be used to attract many tenants who work in the healthcare and medical sectors.KTPH is part Yishun Health. This network includes medical institutions and facilities that are part of the National Healthcare Group, located in the north of Singapore. It also includes Admiralty Medical Centre and Yishun Community Hospital, as well as extensions like Wellness Kampung.Khoo Teck Puat Hospital, (KTPH), is a 795-bed acute and general care hospital which opened in June 2010. The hospital combines medical expertise and high standards of personalized care in a healing setting.

North Region Transformation: A New Property Hotspot!

Northern Agri-Tech and Food CorridorThe government of Singapore has a long-term strategy when it comes to land planning. It aims to strike a balance between economic and social concerns.The future of Singapore will depend on technology to increase economic growth, create more green spaces and build vibrant housing estates that offer employment, education and recreation.The North Region is a “property hotspot”, and is poised to grow into one of Singapore’s most important economic hubs. Property investors will have the advantage of being the first to move when many developments are still in their infancy.The Woodlands Regional Centre is located just 4 stations from Yishun MRT and will receive new facilities for industry, business, research, and development over the next 15-years. It will also be located in the heart of Northern Agri-Tech and Food Corridor. This includes the Sungei Kadut Eco-District and future Agri-Food Innovation Park.Woodlands Central will see the construction of new mixed-use buildings with retail, office and residential components. It will be connected with the Woodlands MRT station, Thomson-East Coast Line.Woodlands North Coast’s waterfront precinct will also feature new homes and new job opportunities.

North Coast Innovation Corridor (NCIC).

The North Coast Innovation Corridor is one of the most important developments in the north. It will connect the Woodlands Regional Centre, Sembawang Shipyard, and the future Seletar Regional Centre to form a network of economic hubs in Singapore’s north and northern-eastern regions. Its goal is to bring more jobs nearer to people’s homes.These hubs are expected to attract businesspeople and industrialists, particularly those who have business connections to Malaysia.The NCIC will combine the Agri-Food Innovation Park (the future) and Woodlands Regional Centre (the future). It will also include synergistic elements from the North, which includes the Senoko Food Zone, Republic Polytechnic, and farms. This will create a variety of office, retail, industrial, and business parks spaces throughout the corridor.The North Region will be another hot spot for property in the future, with such significant developments.

Development of a New Rapid Transit System (RTS)

Source: www.northgaia-ec.sg

North Gaia EC – An Investment Perspective

North Gaia EC has many attractive features, as we have already mentioned. You will find a peaceful living environment near nature parks, easy access to schools, shopping centres, and other essential amenities, as well as a wide range of entertainment, lifestyle, and recreational facilities.Woodlands will also be the North Region’s largest regional centre. This will encourage the creation of high-value employment, which will eventually boost housing demand and support property values.A MRT station is not within walking distance for some.

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