Overview Rating
North Gaia EC presents an attractive option for prospective buyers seeking a balance between nature and modern conveniences in a serene environment. The development’s strategic location amidst greenery while still being well-connected to essential amenities provides residents with an ideal living situation.
Tenure
North Gaia is a 99-year leasehold executive condominium project. While not as preferable as freehold properties due to the limited time ownership period, leasehold properties tend to be more affordable upfront compared to freehold properties in similar locations.
Amenities
North Gaia is conveniently located near amenities such as schools, shopping malls, and MRT stations. It is within walking distance to Northland Secondary School (566m), Chongfu School (713m), and Xishan Primary School (869m). For shopping malls, residents can visit Junction 9 and Northpoint City within a few minutes’ drives. The nearest MRT station, Yishun MRT, is about 1.3km away. Additionally, several parks are in close proximity.
Future Development
North Gaia is well-positioned to benefit from the North Coast Innovation Corridor and the Yishun URA Masterplan. The area surrounding North Gaia has plans for future development such as a new polyclinic, MRT Station, and park connector.
Sale PSF Price
The average sale PSF price for North Gaia over the last year was $1,268 (Apr 2022 – Apr 2023). Comparing this with average PSF prices across different regions:
Outside Central Region (OCR): ~$1,971
Rest of Central Region (RCR): ~$2,294
Core Central Region (CCR): ~$2,585
North Gaia’s sale PSF price is significantly lower than the averages for all three regions.
Resale Potential
Factors influencing North Gaia’s resale potential include its location near nature reserves and parks, access to amenities like schools and shopping malls, its proximity to Yishun MRT Station and major expressways, and future development plans in the area under the URA Masterplan.
Rental Yield
Considering Singapore’s average rental yield of around 3%–4%, North Gaia’s potential rental yield may be promising due to its strategic location, access to amenities, and proximity to MRT stations.
North Gaia is an upcoming executive condominium (EC) located at Yishun Close in District 27, developed by Sing Holdings (Yishun) Pte Ltd. This picturesque development is set to be completed in 2027, boasting a total of 616 residential units ranging from 3 to 5-bedroom configurations. Situated amidst nature and a variety of lifestyle amenities, North Gaia offers residents the perfect balance between tranquility and convenience.
Location
Pros
- Nature: North Gaia’s location is ideal for nature lovers as it is situated right next to the upcoming Khatib Bongsu Nature Reserve. Additionally, there are several parks within a 2km radius, including Yishun Nature Park, Yishun Pond Park, and Lower Seletar Reservoir.
- Amenities: The condo is conveniently located just a short walk away from Junction 9 and a few minutes drive from Northpoint City, providing an array of shopping, dining, and entertainment options.
- Connectivity: Yishun Integrated Transport Hub is only a few bus stops away from North Gaia, connecting residents to the Yishun Bus Interchange and Yishun MRT Station on the North-South Line.
Cons
- Distance from MRT: The nearest MRT station (Yishun MRT) is about 1.3 km away which may not be ideal for those who rely heavily on public transportation.
- Limited immediate amenities: While there are amenities nearby at Junction 9 and Northpoint City, there may not be as many choices compared to more central locations.
Units
Pros
- Layout & Design: The units in North Gaia feature practical layouts that maximize living space while ensuring functionality and comfort.
- Finishes: The development boasts high-quality finishes and fixtures, which enhance the overall experience of living in North Gaia.
- Wide range of options: With units ranging from 3 to 5-bedroom configurations, there is a diversity of options catering to various family types and lifestyle preferences.
Cons
- Size: Some potential buyers may find the unit sizes smaller compared to older developments in the area.
Price
North Gaia EC offers competitive pricing for its features, amenities, and location when compared to other properties within District 27. However, it is crucial for potential buyers to evaluate their preferences along with current market conditions before making an investment decision. While some might find the price point justifiable given the development’s offerings, others may prefer to explore alternatives within the same district or nearby regions.
Conclusion
In summary, North Gaia EC presents an attractive option for prospective buyers seeking a balance between nature and modern conveniences in a serene environment. The development’s strategic location amidst greenery while still being well-connected to essential amenities provides residents with an ideal living situation.
However, potential buyers should carefully consider their personal preferences alongside factors such as location, connectivity, unit offerings and pricing before making an investment decision. Overall, if you appreciate a tranquil environment surrounded by nature without sacrificing convenience and accessibility, North Gaia EC could be the perfect home for you.
