On the other hand, computations for loan quantum uses the 30% MSR (Mortgage Servicing Ratio), which is only half the TDSR (Total Debt Servicing Ratio) allowed for private home loans. New executive condominiums are built by private developers, but generally sold at 15% to 20% lower than for new private condos nearby.īesides that, first time applicants may be able to get up to $30K of CPF housing grant as well.Īnd potential buyers may get up to the maximum 75% housing loan, income permitting, even for those with outstanding home loans. If you are exploring North Gaia EC from an investment angle, here are some points worth considering. It also leads directly to the Seletar Aerospace Hub, an employment centre and potential tenant or buyer pool. Yishun Avenue 8, the new road beside the North Gaia EC, connects to Seletar West Link to offer an alternative route to the Tampines, Central, and Seletar expressways.Incidentally, this is the only EC in Yishun where every block is within one KM of the popular Chongfu Primary School.The park connector stretches from Yishun Pond, following the canal that leads to the park and the sea off Seletar Island or Pulau Seletar. In addition, a short section of the Khatib Bongsu Park Connector runs right next to the site on its south-east.And families can walk over to enjoy the lifestyle amenities there, like kayaking. A number of the higher floor units will get unblocked views of the nature park and water.

The National Parks Board announced the proposed 40 hectare mangrove and mudflat habitat opposite the site, in March 2020. One attraction is how close this Yishun EC site is to the upcoming Khatib Bongsu Nature Park.The project will feature a mix of three to five-bedroom units, to cater to young couples, families with kids, and extended or multi-generational families who wish to live together.

Gaia underpass