North Gaia Review: A Tranquil Haven in Yishun

Nestled in the serene neighborhood of Yishun, North Gaia EC offers a green and peaceful living environment next to the picturesque Khatib Bongsu Nature Park. With its strategic location overlooking Sungei Khatib and the Johor straits, this executive condominium promises a harmonious blend of nature and modern living.

Project Factsheet

• Developer: Sing Holdings Limited
• Type: Executive Condominium
• Total Units: 616 (Eleven 14-storey blocks)
• Expected TOP: June 2027
• Address: 25-45 Yishun Close, Singapore
• District: D27 – Sembawang / Yishun
• Tenure: 99 Years

Developer’s Track Record

Sing Holdings Limited, with a rich history dating back to 1964, has established a solid reputation in the property development sector. Their portfolio includes award-winning projects like BelleRive and Waterwoods, showcasing a commitment to quality and innovation.

Location & Transport Links

Situated within proximity to the Yishun Integrated Transport Hub, residents of North Gaia EC enjoy convenient access to various bus services and seamless connectivity to the MRT network. The upcoming Rapid Transit System (RTS) linking directly to Johor further enhances the area’s connectivity.

Strategic Location:

• Nestled within Yishun, a mature HDB estate rich with amenities like shopping centers, schools, and medical facilities.
• Boasts a stunning view of the 40-hectare Khatib Bongsu Nature Reserve, offering residents a serene environment for outdoor activities.

Transport Links:

• Approximately 1.6 KM from the nearest MRT station, providing convenient access with feeder buses available.
• Enhanced vehicular access to various parts of Singapore through the Seletar Expressway (SLE).
• Future developments include expanding expressway network and increasing MRT lines for improved connectivity across the island.

Surrounding Amenities

From shopping malls like Junction Nine to recreational options at SAFRA Yishun Country Club, residents have an abundance of lifestyle amenities at their doorstep. The presence of numerous schools and medical facilities, including Khoo Teck Puat Hospital, adds to the project’s appeal.

Proximity to Amenities

• Educational Institutions: North Gaia is conveniently located near reputable schools, making it an excellent choice for families with school-going children.
• Shopping and Dining: You’ll enjoy easy access to Northpoint City, the largest shopping mall in Yishun, offering a diverse array of retail, dining, and entertainment options. Additionally, Junction Nine, nearby, houses various specialty shops, educational centers, restaurants, and a supermarket for your convenience.

Additional Considerations

• Shuttle Bus Service: Residents benefit from a complimentary shuttle bus service for 2 years, adding ease to your commute to and from the MRT station.
• Future MRT Line: The Land Transport Authority (LTA) has plans for a new MRT line that may extend to the north and northeast regions, potentially covering areas near North Gaia, promising enhanced connectivity in the future.

Unit Mix & Pricing Strategy

North Gaia EC offers a mix of 3- to 5-bedroom units designed to cater to different lifestyles, from young couples to multi-generational families. The pricing strategy at launch was competitive, reflecting an attractive entry point for prospective buyers seeking value in the market.

North Gaia EC

Urban Living with Impeccable Design

In urban environments, the fusion of functionality and aesthetics is crucial for creating living spaces that are both practical and visually appealing. Impeccable design principles play a key role in optimizing the layout and utilization of space in urban dwellings.

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Potential Selling Points

Thoughtful design features such as the orientation of blocks, inspired by the nearby mangrove plants, create a harmonious living space. The extensive range of facilities, including swimming pools, co-working spaces, and nature retreats, adds to the project’s allure.

North Gaia EC Highlights:

• Strategic Location:
  • Nature Proximity: Nestled beside the picturesque Khatib Bongsu Nature Park, North Gaia offers breathtaking views and a tranquil living space immersed in nature.
  • Mature Estate: Set in a well-established neighborhood, North Gaia is encircled by a plethora of conveniences such as shopping centers, schools, and medical facilities.
• Value Proposition:
  • Great Entry Price: With a competitive price tag for an executive condominium, North Gaia presents an attractive option for those seeking a more affordable entry into the market compared to private condos.
  • Investment Potential: Known for its potential for capital appreciation, North Gaia, like other ECs, can be sold in the private market post the Minimum Occupation Period, offering lucrative opportunities.
• Quality and Amenities:
  • Renowned Developer: Crafted by Sing Holdings Limited, a distinguished property developer with a stellar track record and multiple award-winning projects.
  • Abundant Facilities: Boasting over 50 facilities, including a clubhouse, swimming pool, tennis court, and various communal amenities.
• Connectivity:
  • Transport Convenience: While not directly adjacent to an MRT station, North Gaia is well-connected by nearby bus stops offering access to Yishun MRT station and the Integrated Transport Hub.
  • Future Developments: The forthcoming Yishun URA Masterplan includes a new polyclinic, park connector, and the promising North Coast Innovation Corridor, shaping up to be a bustling business hub.
• Limited Supply:
  • Exclusive Offering: As the first EC launched in Yishun since 2014, North Gaia shines brightly amidst the limited private residential supply in the area, presenting a fresh and contemporary choice for residents.
• Thoughtful Design:
  • Functional Spaces: North Gaia provides spacious and functional living areas with a cozy, inviting interior, catering to families of various sizes with unit options ranging from 3 to 5 bedrooms.
• Additional Perks:
  • Shuttle Service: Residents enjoy a complimentary shuttle bus service for 2 years, enhancing the ease of commuting to and from the MRT station.

North Gaia EC’s prime location amidst nature, accessible pricing, top-notch amenities, investment potential, and scarcity in the region make it a compelling option for both homebuyers and investors.

Drawbacks & Challenges

While North Gaia EC boasts many advantages, potential drawbacks include its distance from a nearby MRT station, land size considerations, pricing compared to surrounding developments, and long-term investment potential amid changing market dynamics.

Considerations for North Gaia EC:

• Location Challenges: North Gaia sits about 1.6km away from Yishun MRT station, which might not suit those seeking immediate access. While buses are available, the absence of a nearby MRT could be a drawback. Additionally, the neighborhood is still evolving, lacking some established amenities compared to older areas.
• Market Dynamics: Rising EC prices over the past five years have made buyers more price-sensitive, especially with the MSR remaining at 30%. Competition from the resale market poses another challenge for North Gaia.
• Investment Factors: The slow pace of EC launches and increasing land bids could impact supply and demand dynamics, potentially leading to higher selling prices for buyers.
• Design and Amenities: With 616 units, North Gaia faces issues common in high-density living, like overcrowded facilities. Some amenities are still under development, which might not immediately meet residents’ needs.
• Accessibility and Convenience: While future transport infrastructure improvements are planned, such as the North-South Corridor, these developments may not benefit current buyers right away. The temporary shuttle bus service aims to enhance connectivity to the MRT station, but it may not be a long-term transportation solution.

North Gaia EC offers a serene living environment close to nature with potential for appreciation. However, it’s crucial for you to weigh the location challenges, market dynamics, investment considerations, high-density living issues, and accessibility before deciding.

Conclusion

In conclusion, North Gaia EC presents a promising investment opportunity in the vibrant North Region. With its tranquil surroundings, thoughtful design elements, and strong developer track record, the project is poised to attract discerning buyers seeking a modern yet nature-infused lifestyle.

However, careful consideration of its challenges will be crucial for investors looking to capitalize on its potential success.