If you are looking for an executive condominium, the North Gaia EC is a good choice for you. It is located along Yishun Avene 9 and boasts an impressive 21,514 sqm of land. The project is set to feature 600 residential units.
Yishun Pond Park
If you are planning to invest in an executive condominium (EC), you will want to check out the North Gaia EC. This development has an enviable location near Yishun pond park. It also has an easy access to a wide variety of recreational and shopping centres.
North Gaia is located on Yishun Avenue 8 and Yishun Avenue 9. It is the first EC development to be built in Yishun for six years. The EC is being developed by Sing Holdings Limited.
North Gaia EC is close to the Park Connector Network, a network of parks and recreational areas. There is also a water play area on the Lower Seletar Reservoir.
There are also many schools in the area. Chongfu Primary School and Northland Secondary School are located within a one-kilometre radius of the EC. These schools are considered to be among the best in the Yishun region. Moreover, there are many clinics and medical centres in the vicinity.
Lower Seletar Reservoir Park
The Lower Seletar Reservoir Park is close to North Gaia EC. It features walking paths and playgrounds. There are also fitness stations. This is a great option for families looking for a good place to get exercise.
Residents can also take advantage of the park connector network nearby. These parks are accessible for fun activities such as kayaking. The Lower Seletar Water Sports Centre is also popular for dragon-boating.
Future residents can enjoy a tranquil and comfortable living in this EC. This is a suitable development for young couples and multi-generational families. Also, this development is near several schools and reputable educational institutions.
In addition, it is very close to major employment hubs such as Jurong West and Tampines Central. It is well connected to the rest of Singapore via the Central Expressway and Seletar Expressway. Besides, North Gaia is close to the Orchard MRT Station.
North Gaia is a development by Sing Holdings Limited. This local company has a proven track record in developing properties. They have completed projects that have received prestigious awards such as the FIABCI Singapore Property Award and the BCA Green Mark Award.
Convenient access to expressways
The new North Gaia Executive Condominium is coming up at Yishun Ave 9. This is the first project to launch in this area for six years. It offers affordable housing options and is also located next to several essential amenities.
Residents will enjoy convenient access to expressways and local facilities. Among the expressways that are nearby are the Central Expressway and Seletar Expressway.
Also, North Gaia is near to the future Seletar Regional Hub. This hub will be linked to the Yishun MRT station. In addition, there are several employment opportunities at the hub.
Moreover, there are several shopping malls in the vicinity. Yishun Park is just a few minutes away. This park is surrounded by neighbourhood parks and is connected to the park connector network. There are also a number of educational facilities in the area.
Yishun is a family-friendly neighbourhood. There are kindergartens, secondary schools and foreign institutions in the area. Another advantage of living in North Gaia is that it’s a short drive away from Bukit Panjang and Joo Chiat.
Resale levy
The Resale Levy on Executive Condominiums (EC) is based on a percentage of the market value of your flat. The rate is 5% per annum, and the levy is deducted from your sale proceeds. It is not applicable to the first-time buyer of a subsidised public housing property.
When buying your second EC, you may be eligible for a Half-Housing Grant. The grant is worth $30,000. In addition, you can apply for a proximity housing grant. This type of EC is designed for the sandwich class. They are a hybrid between a private condo and a HDB flat.
Second-timers who apply for a unit in an EC project launched before 9 Dec 2013 are not required to pay the resale levy. However, those who apply for a new EC project after this date will have to pay it.
Resale levy is also not payable on the second property you buy. However, it will be imposed if you sell your subsidized first flat.
