North Gaia EC along Yishun Ave 9, is situated on a land area of 21,518.8 sqm and the maximum GFA of 60,240 square meters. The executive condominium is expected to accommodate as many as 600 apartments.
It’s been seven years since the last time the government approved the government an EC website to be built located in Yishun. It was in May 2014, and was for an area located in Yishun Street 51. Finally the new EC North Gaia has been announced and this time it will be located within Yishun Avenue 9 which is close to the Waterway.
The open land auction at the Yishun Avenue 9 EC site in 2020 has generated a number of inquiries and 7 bids. The site is 1.4 kilometers from the Yishun MRT station, and could be used to build the equivalent of 600 homes. The land was purchased to Sing Holdings in November 2020 following the highest price, $373.5 million, which equates to a total value of $576 for each square foot of the plot proportion.
It is anticipated to go live in 2022. in 2022, the Yishun Avenue 9 North Gaia EC is expected to be a popular choice for buyers, particularly HDB upgraders who want to move from public housing to private-owned. With the shortage supply of fresh EC inventory in the area the 99-year leasehold property is likely to witness a dramatic rise in the interest of.
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 that was founded in 1964. With a wealth of experience in the development of real estate sector in Singapore this is evident and demonstrated in their previous and present projects, Parc Botannia, The Laurels, Waterwoods, Robin Residences and Meyer Residence