http://infopub.sgx.com/FileOpen/Press_Re...eID=338117
http://www.theedgemarkets.com/sg/article...point-city
North Park Residences to have direct access to Frasers Centrepoint’s Northpoint City
By Amy Tan / theedgemarkets.com | March 10, 2015 : 8:22 PM MYT
SINGAPORE (Mar 10): Built within Northpoint City, North Park Residences comprises 920 units in twelve 10-storey towers on an area covering more than 322,920 sq ft, said Frasers Centrepoint Limited (FCL) in a filing today.
When completed in 2018, FCL’s Northpoint City will be the largest integrated development in the Northern part of Singapore.
FCL will integrate the existing Northpoint Shopping Centre with the new development which has a total gross floor area of about 1.33 million sq ft in Yishun Central.
The integrated development will house a transport hub, Yishun Public Library, Nee Soon Central Community Centre, a childcare centre, a Town Plaza the size of 10 basketball courts and over 500 retail and F&B outlets.
The project is also within close proximity to the medical hub of the North, which comprises the Khoo Teck Puat Hospital and community healthcare facilities such as the Yishun Community Hospital and Yishun Polyclinic.
Cheang Kok Khrong, FCL’s CEO of development and property, observes that occupants at North Park Residences will not only enjoy the condominium’s amenities but will also enjoy the facilities at Northpoint City.
“This will significantly raise the live-ability quotient in Yishun and the desirability factor for North Park Residences,” he says.
North Park Residences will offer one- to five-bedroom apartment options for singles, couples and three-generation families with floor areas ranging from 431 sq ft to 1,432 sq ft.
Property analysts expect keen interest and demand for North Park Residences given its locale and amenities.
Donald Han, managing director of Chestertons Singapore points out that integrated developments have typically done well in Singapore’s property market. “But there are not too many options available and therefore we can expect to see keen receptiveness when a new one is released into the market,” he says.
FCL shares closed 0.85% lower at $1.755 today.