This weekend, there might be something to look forward to in the form of the 920-unit Northpark Residences preview launch. Part of Northpoint City, which will be an integrated development featuring the Northpoint Shopping Centre, Nee Soon Community Club, and links to the Yishun MRT station and bus interchange, these new units will bring life to the sleepy town.
Developed by Frasers Centrepoint Homes, the project will be ready by 2018. With the developer’s good track record with mixed-use developments such as Changi City Point, Compass Point and even overseas with Sydney’s Central Park, buyers may be able to rest a little easier should they wish to invest in this new project.
Since these new property types have held up well so far, with good responses from sales at projects such as The Hillier, The Centris at Jurong Point and Bedok Residences, Northpark Residences may be able to enjoy similar success. With its proximity to transport and amenities, rental at these mixed-use properties are usually in higher demand.
Units at Northpark Residences will be put up for sale later this month and as a guide; at Frasers Centrepoint Homes’ most recent launch, Rivertrees Residences, were sold at an average of $1, 050 psf.
