The beginning of 2015 witnessed the launch of one of finest condominium projects that the city-state of Singapore has had in a long time- The North Park Residences. Located in the Yishun province of the city, the complex will stand right over the upcoming NorthPoint City. The construction of the complex has already begun, and the developers have given an estimated TOP of 2020 with legal completions expected to be completed by 2023. The North Park Residences, as well as the NorthPoint City, are being developed by renowned developers Frasers Centrepoint.
Frasers Centrepoint and Its Most Popular Projects in the City
Frasers Centrepoint Homes is a fragment of the Frasers Centrepoint Limited group, or the FCL Group. They have been working with real estate developments in Singapore since 1999, and have developed a large number of high-quality residential properties in different areas of the city. Some of the most popular properties developed by the FCL Group include the Eight Courtyards, 8@Woodleigh, 8 @ Mount Sophia, Esparina Residences, Soleil @ Sinaran, St. Thomas Suites, Martin Place Residences, Waterfront Collection, The Azure at Sentosa Cove, Caspian, One Jervois, etc. There are a number of other eminent residential properties within the repertoire of this popular developer of Singapore.
The Latest Offerings from this Popular Development House
The North Park Residences and the NorthPoint City seem to be the latest offerings from this high-profile developer. The residential sector will comprise of a total of 920 condominium units distributed among one-bedroom apartments to five-bedroom apartments. The sizes of the rooms will vary accordingly. The entire project will be constructed over a site area of approximate 41,085 square meters of leasehold land. The location of the North Park Residences Singapore in the Yishun province will enable the residents to have access and great connectivity to some of hottest areas of the city. Popular destinations like the Sembawang Shopping Center, the Chong Pang Food Center, the Khoo Teck Puat Hospital, the Yishun Polyclinic, the Yishun Library, and a host of educational institutions fall within close proximity of this project.
“Soft Launch” Has Received Strong Interest
The FCL Group has already launched the project in March-April of 2015, and the new launch condominium Yishun has seen large numbers of masses showing great interest in the property. More than 40% of the total 920 units have been sold at the launch itself, with more and more bookings coming through with each passing week. The various facilities and features of the property along with the supreme location of the project have captured the attention of many investors in the city. Moreover, the properties have been priced at a moderate S$1,300 per square feet, which is relatively inexpensive in comparison to the current market of the city. The price is also pretty justified in terms of the many facilities on offer.
So, Why North Park Residences?
Well, considering the various features of the property on offer, combined with the location, the project looks very promising for investors in the city of Singapore. Moreover, with the numerous developments planned for the future in the surrounding area, the properties in the Yishun province are sure to offer the perfect living conditions for the people in the city.
Maryann Wilson has been associated with residential condominiums like the North Park Residences Singapore for over a decade, and has been assisting first-time buyers with new launch condominium Yishun.