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Latest EC in Yishun Avenue 9
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North Gaia Executive Condominium (EC) was sold at S$373,500,000 or S$576 per square foot per plot ratio (psf ppr) to Sing Holdings Limited. The land price is lower than the other EC sites that are sold and launched recently like Tengah Garden Walk EC at S$603 psf ppr and Tampines Street 62 EC which was sold at S$658 psf ppr.
This market trend on EC land price shows that EC price is moving north and the pricing would most likely be higher for the next upcoming EC.
Below is a graph that compared the land price, estimate break-even price, and average launched price of Executive Condo that are available in the market.
As you can see from the graph, the land price are ranging from S$555 psf ppr to S$658 psf ppr and the estimated break-even price are ranging from S$905 psf ppr to S$1008 psf ppr.
With these data points, we can expect North Gaia EC average launch price to be around S$1200 psf.
With the latest launched EC namely Parc Greenwich hitting above S$1300 psf, we reckon that any units at Tengah Garden Walk EC below S$1200 psf will be considered a good entry price for this amazing EC.
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