Archive for category: mixed development

North Gaia is just only a few steps away from Junction 9 which gives residents access to its food court, supermarkets, restaurants and retail stores. The development is set on a site which covers 21,518.8 acres, and is anticipated to have approximately 600 apartments. It’s 1.2 kilometers away from the town’s centre and in the area where Yishun North-South Line Station and Yishun Bus Terminal are located.

Bukit Canberra just 2 MRT stations from North Gaia EC. The center offers a variety of facilities, including an indoor facility for sports and a hawker centre, as well as a polyclinic, elderly care facility, spaces for community farming and facilities that provide lifestyle-related services to the local community in the beautiful natural surroundings.

North Gaia EC residents can walk or jog towards Junction Nine or NorthPoint Mall for a larger variety of shops. Further down, you can discover Canberra Plaza or Sun Plaza, Sembawang Shopping Centre.

North Gaia EC is situated just 15 minutes away from Yishun MRT. From the MRT station in Yishun, you’ll be able to access four stations before reaching Bishan Interchange. This is where you can connect with the Circle Line to get to the stations on both the Downtown Line and the North-East Line.

Yishun MRT Station

Furthermore, you’ll just four stops away from the Woodlands MRT station, where the long-awaited Thomson East Coast Line is currently being constructed.

The Schools and Education

North Gaia EC provide everything close to you including connectivity shopping malls, schools, and neighborhood parks, community parks, centres, and numerous more.

Nearby close to Yishun Neighbourhood Park, your children can play in the theme park designed for maritime kids or host dinner with your family and acquaintances.

Within the area in the vicinity of Yishun Ave 9 EC, you’ll find this list schools that can be very beneficial. Some of them are Xishan primary school Ahmad Ibrahim Secondary School, Yishun Innova Junior College and Anderson Serangoon Junior College.

Enjoy your time with family and friends over a tasty family meal in the cozy and lush atmosphere of the dining and barbecue pavilions, which are situated within the theme gardens. Relax by the pool and enjoy food according to your desires. There are also an aromatherapy and urban agriculture garden for traditional farm-to-table dining. Refresh your senses with a refreshing drink by using the various water features and take pleasure in the peace of your mind and body.

It’s the time to love and spend time with family members in communal areas that are awash with greenery. Whatever location where you are the world, you’ll be engulfed with the calming energy of joy, laughter and fun that make up.

The lush greenery surrounding areas reserved for facilities let you enjoy tranquility regardless of whether you’re working out at the gym or the spa, which is close to nature parks.

Why should you consider investing into North Gaia EC?

• The efficiency of layout and design lets you customize.
• A few minutes’ walk from the market minutes from the food court, stalls and market that are easily accessible.
• Possibility of renting due to the proximity of the G.E.M.S International School and Seletar Aerospace Park.
• Within 1km of Yishun Integrated Mall and the Interchange North Point City.
• Near Health Care Center; Khoo Teck Puat Hospital The Yishun Community and Yishun Pond was revamped with a towering lookout that was three stories tall.
• Free 1-year Shuttle Bus to Yishun MRT & Bus Interchange.

Sing Holdings

In 1964, the company was established. Sing Holdings Limited and its affiliates (the “Group”) are a property development and investment firm that has been listed on the Mainboard of the Singapore Exchange since 2007. The company has a long tradition of developing across a range of properties such as landed houses, condominiums commercial and industrial properties. The most notable residential developments from the Group include Robin Residences located at Robin Drive, Waterwoods in Punggol and The Laurels at Cairnhill Road.

The project was developed by local developer Sing Holdings, North Gaia EC (Executive Condominium) is the most sought-after executive condominium located in the renowned the Yishun estate. Because of its proximity to the Yishun MRT that has just HDB flats that are available for residential use in Yishun Central, North Gaia is expected to be sold like hot cakes from the first day of its launch!

The space in North Gaia is huge which is estimated at 231,574 square foot and is expected to offer 600 large homes. With a range of houses that range from one to five bedrooms, the project will be able to cater to various market segments, including families with children, couples, as well as multi-generational families.

With a style inspired by lush greenery and located close to the waterway which leads to Yishun Pond and the Park Connector, North Gaia is also expected to provide amazing view from Khatib Bongsu Nature Park. The residential towers are situated and are arranged so that they will enjoy views uninterrupted that are consistent with the concept of a “resort-like” surroundings.

Private property investment sales will rebound this year after they dropped last year in the wake of cooling measures that struck the residential area, a report said yesterday.

It noticed that total investment sales could reach $31.3 billion, 6 percent on the $29.5 billion recorded last year.

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That was down 12.7 percent from 2018 as heating measures continued to snack residential land, said Colliers International.

Ms Tricia Song, its head of research to Singapore, said several major real estate investment trust (Reit) acquisitions and mergers are anticipated this year, potentially boosting industrial, commercial and hospitality deal volumes.

At least five mergers have been reported involving local Reits in the past 12 months, mainly to consolidate management experience and build a larger war chest for acquisitions at home and abroad.

Ms Song said Singapore’s status as a crucial gateway town, favourable interest rates and rejuvenation attempts such as the CBD Incentive Scheme must raise the redevelopment of older buildings at the central and city fringe areas.

The commercial real estate industry, which last year accounted for 40 percent of total transactions, could drive sales again this year, ” the report said. Commercial property sales of $11.7 billion have been listed last year, the maximum investment sales amount since 2007.

Colliers anticipates commercial sales to increase 5 percent this year, given healthy rentals at the workplace market.

Residential investment sales are expected to pick up by 3 percent this year around the stable source of people land and demand for luxury houses.

Residential sales slumped 63 percent last year to only $6.8 billion. Sentiment should increase in the longer term, underpinning an average annual increase of 12 percent at the 2019 to 2024 interval, the report mentioned.

Industrial property rents in Singapore were usually secure in 2019, even though the industry was weighed down from oversupply from previous decades, says Christine Li, head of research, Singapore and Southeast Asia, in Cushman & Wakefield (C&W).

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Tricia Song, head of research to Singapore in Colliers International, insists. She states that in comparison to 2018, the general industrial real estate market has revealed”clearer indications of stabilization, with the two rents and vacancy rates remaining relatively steady in the year to September”. Both web demand and internet distribution are predicted to have grown in 2019.

But looking forward, Li states the industrial prognosis for 2020 may be gloomier in contrast to the season. She states international macroeconomic aspects, like slowing economic development in the united states, the EU and China, is very likely to have a negative influence on Singapore’s market in 2020. The subdued global market is expected to medium industrial rents following year, she adds.

Recently completed industrial area doubles in 2019

This year, near 12.5 million sq feet of new industrial area is anticipated to have been finished, which will be more than double the 5.84 million sq feet of new completions in 2018, says Song. New need can be expected to have improved by 50 percent y-o-y to 11.0 million sq feet in 2019, she adds.

For 2020, the biggest new industrial development which is going to be finished is that the Defu Industrial City in Defu Street 1.

Within the one-north industry playground, homegrown gaming hardware firm Razer is expected to start its own purpose-built, 207,743 sq ft headquarters building following season, while ride-hailing giant Catch is supposed to transfer into its 387,000 sq ft purpose-built headquarters construction by 4Q2020.
Two-tier leasing functionality in factory section.

“Looking forward, warehouse rents are expected to become resilient, backed by a tight distribution facility,” says Desmond Sim, head of research, Southeast Asia, in CBRE.

However he adds that industrial occupiers have been searching for assumptions with greater specifications and improved efficacy. This led to some two-tier leasing operation by the mill division in 2019, as industrial improvements with greater specifications older, traditional industrial buildings.

“The 10.5% vacancy [from the mill segment] at 3Q2019 comprised an increasing pool of empty, ageing industrial inventory of roughly 53.85 million sq ft. This spanned several landlords to tackle asset enhancement projects on elderly industrial inventory in an attempt to unlock value by repositioning and redeveloping resources together with under- utilised gross floor space,” he states.

In accordance with Colliers, these improvements include greater power capabilities, high-floor loading capacity, contemporary ventilation and heating systems, higher ceilings and much better loading bay centers. Redevelopment could also improve connectivity between adjoining buildings and to transport nodes.

Reits dip into specialised resources

Industrial investment activity was relatively healthy in 2019, clocking in deals worth roughly $2.99 billion. The largest bargain of the year, in relation to transacted prices, happened in November when Mapletree Commercial Trust obtained Mapletree Business City II, a top campus-style business park development, by its host Mapletree Investments for about $ 1.55 billion.

In November, Ascendas Reit obtained two business-park possessions, Nucleos and FM Global Centre, in the host CapitaLand to get a combined worth of $380 million.

This includes StorHub’s portfolio of 12 self-storage properties having a total lettable area of approximately 800,000 sq ft.

Meanwhile, the biggest industrial leasing bargain in 2019 has been Google’s growth into Alexandra Technopark, taking up near 344,100 sq feet of industrial area.

Another notable leasing bargain happened in January when e-commerce company Shopee rented all 240,000 sq feet at 5 Science Park Drive, a redevelopment of the former Fleming and Faraday buildings by Ascendas-Singbridge, because of its growth requirements.

Minister for National Development Lawrence Wong has reacted to two different coverage suggestions, stating that all other ideas and approaches to handle HDB apartment rentals will be considered from the authorities.

Like most condos in Singapore, all HDB flats in Singapore are constructed and marketed with first 99-year leases.

Get more information of the Sengkang Grand Residences location map by Capitaland & City Developments Limited (CDL).

To rackle the dilemma of HDB lease decay as well as the diminishing significance of older apartments The Workers Party indicated an alternate strategy to the current Selective En bloc Redevelopment Scheme (SERS), known as SERS Plus, reported The Straits Times.

Under this proposed strategy, affected residents will be ensured units in present Build-to-Order (BTO) in addition to Sale of Balance Flats (SBF) exercises, whereas the authorities need not procure a replacement website before the launch of SERS.

Architect Tay Kheng Soon, economist Yeoh Lam Keong and land adviser Ku Swee Yong, on the other hand, suggested a one-time automated rental top-up for maturing flats along with also a government-funded rebuilding of HDB flats each 100 decades.

In his blog post, Wong stated the Ministry of National Development (MND) will”consider all such opinions and thoughts, and examine them in detail”.

He noticed that the two proposals recognised”the need for urban renewal within our land-scarce town” in which”land could be recycled and fresh apartments constructed for centuries”.

“This is why a lot of our property is on a leasehold basis, be it for public or private housing properties,” he added.