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Over 70% North Park Residences soft launch units snapped up

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SINGAPORE - A total of 313 out of 430 units at the upcoming North Park Residences were sold at a soft launch on Sunday.

The new integrated development in Yishun comprises 920 units in 12 10-storey blocks housing one- to five-bedroom units.

Developer Frasers Centrepoint (FCL) said sales of the new residential development were evenly spread across its one- to five-bedroom apartments with Singaporeans accounting for over 88 per cent of buyers.

Phase 1 units of North Park Residences were released at prices starting from $612,000 for a Studio to $1.89 million for a five-bedroom 'vista' unit.

Mr Cheang Kok Kheong, CEO of Development and Property for FCL, said that the integrated development Northpoint City will fill the gap for a vibrant lifestyle hub in the heart of Yishun and northern Singapore.

Northpoint City will comprise over 500 retail and F&B stores, the Yishun integrated transport hub, Nee Soon Central Community Club, a town plaza and a community garden.

 Yishun MRT station can be accessed via the mall while a retail underpass will take residents to a new air-conditioned bus interchange currently under construction.

North Park Residences will be officially launched for sale on Saturday, April 11. More than half of North Park Residences' 920 units have been reserved for the official launch.

ljessica@sph.com.sg

New North Park Residences open for preview this week
  • The largest integrated development in Singapore's north opens its residential component for preview this weekend.
  • The 920-unit North Park Residences is part of Northpoint City, which will have a gross floor area of about 1.33 million sq ft when completed in 2018.
  • Northpoint City will include a mall of about 500 outlets and the existing Northpoint Shopping Centre.
  • North Park Residences will start from the fourth storey.
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This is to address concerns residents might have about safety amid the high shopper traffic at Northpoint Shopping Centre.
  • North Park Residences will have 12 10-storey towers, with one- to five-bedders ranging from 431 sq ft to 1,432 sq ft.
  • Pricing is expected to be at a 30 per cent premium to totally "non-integrated" suburban projects.
  • Frasers Centrepoint Homes is targeting young couples and buyers in their late 40s and early 50s who anticipate eventual use of the health-care facilities nearby.
  • These include Khoo Teck Puat Hospital, Yishun Polyclinic and Yishun Community Hospital, which is under construction.

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