Frasers Property (formerly: Frasers Cpt (FCL))

[greengiraffe]

70% of 600 units launched sold... good PR on FCL part to manage the launch of a mega project... so long as they sells, FCL holders will be off the hook faster...

Vested
Core Holdings

http://infopub.sgx.com/FileOpen/North_Pa...eID=343587

NORTH PARK RESIDENCES SEES ROBUST SALES DURING
WEEKEND LAUNCH
Value of residential living in an integrated development draws buyers from within and beyond Yishun
SINGAPORE, 13 April 2015 – Buyers living in the larger Yishun precinct have registered strong confidence in staying close to home, judging from the weekend sales of North Park Residences.
Following an enthusiastic response to its soft launch the previous weekend, sales momentum of the 920-unit condominium, which is part of Northpoint City in Yishun, continued at its public launch over the weekend.
100 additional units were sold during the weekend, adding to the 313 units sold during the soft launch. The 413 units sold in total represent almost 70% of the 600 units released.
Based on total sales, 60% comprised buyers staying within or close to Yishun, including in Woodlands and Sembawang, who are familiar with the changes in Yishun and want to remain there.
A large number of buyers also came from beyond Singapore’s North region with 40% from Northeast, West, East and Central Singapore, believed to be attracted to the pull of Yishun.
A mature township, Yishun has been going through rejuvenation as part of the government’s Remaking our Heartland programme. This includes new roads and links to expressways to seamlessly connect residents in, around and beyond Yishun, as well as a medical hub that includes the existing Khoo Teck Puat Hospital and the Yishun Community Hospital slated for completion at the end of this year.
“Northpoint City is the final piece of the jigsaw in the re-making of Yishun,” said Mr Elson Poo, General Manager, Sales and Marketing of Development and Property for Frasers Centrepoint Limited (“FCL”).
“We are encouraged that buyers have registered confidence in this development,” he said. “It testifies to their assurance in the new Yishun and an integrated development as it boosts the live-ability quotient and the leasing resilience of North Park Residences.
“Given the excellent medical facilities within the precinct, buyers can opt to lease-now, stay-later when they reach their retirement years and are in need of healthcare facilities close to home.”