More than 2,000 people showed up on the first day of public viewing of the North Park Residences show gallery on Saturday (Mar 14).
The development by Frasers Centrepoint, touted as the largest integrated development in Singapore’s north, is expected to be launched at the end of the month and will be ready by 2018.
The queues started early with many attracted to the location and amenities the development promises.
When ready, it will have 920 units across 12 blocks with Northpoint City below it, which will feature Yishun’s air-conditioned bus interchange, community club and a mall. These will be linked to Yishun MRT Station via a shopping underpass.
Some Channel NewsAsia spoke with say they were looking to buy the property as an investment, while others are HDB dwellers looking to upgrade.
But with a sluggish housing market of late on top of a rising Singapore Interbank Offered Rate (SIBOR), interested buyers say the final decision will depend on the development’s price tag which has yet to be announced.
“The market is not foreseeable for us but we want to look at any opportunity for investment purposes,” said one interested buyer, while another added: “HDB prices are going down so if I sell my existing HDB, I will fetch a lower price, so it’s hard to get a new one like this.”
Source : Channel NewsAsia – 14 Mar 2015