The Wisteria sit on a site of 9,759.8 sqm (approx. 105,054 sq ft), a 99 Year Leasehold from 27th April 2015 and TOP in 31 Dec 2018. The Wisteria comprises three nine-storey towers of 216 residences directly connected to two levels of retail spaces at the basement and level 1. The retail podium will comprise of an exciting array of F&B and retail outlets, including a supermarket and food court. It consist of 60% Residential, 40% Commercial. A lifestyle precinct with gastronomical delights and convenient amenities; anchored by a supermarket space at Level 1 and a food court at Basement 1. Retail: 72 units F&B: 33 units Inclusive of Supermarket & Food Court. Residential Carpark will be located at level 2 & 3 with 216 lots + 3 handicapped lots. The Wisteria is one of the most affordable home above a lifetsyle mall.
Developed by Northern Resi Pte. Ltd. and Northern Retail Pte. Ltd. They are wholly owned companies of NorthernOne Development Pte. Ltd., who are the joint developers of The Wisteria and Wisteria Mall. The shareholders of NorthernOne are Northern Development Pte. Ltd., Santarli Venture Pte. Ltd., MUSE Capital Pte. Ltd. And AHPL (Investments) Pte. Ltd. Past Projects include Paya Lebar Square, Heartland Mall, Sant Ritz, myVillage, 8 Nassim Hill, Lush on Holland Hill.
Getting around is a breeze when u are minutes walk to Khatib mrt as The Wisteria is located about 1 km from Khatib mrt and only 1 mrt stop to Yishun new integrated transport hub and also upcoming integrated mix development Northpark Residences is located. NorthPark Integrated development consist of bus interchange and shopping mall where more choices for dining, shopping and entertainment facilities will be located. Residents of The Wisteria will be able to meet their daily need from Wisteria Mall itself on top of nearby Yishun NorthPark mall, a neighbourhood cluster of F&B, shops and supermarket within 5 min walk. A short drive to Chong Pang city will find economical hawker centre and market.
|Developer||Northern Resi Pte. Ltd. / Northern Retail Pte. Ltd. (BBR Holdings (S) Ltd)|
|Location/Address||Junction of Yishun Avenue 4 / Yishun Ring Road|
|Site Area||9,759 sqm / approx. 105,054 sqft|
|Total Units||216 residential units & 105 commercial units (72 retail + 33 F&B) – For Lease Only|
|Tenure||99 years leasehold w.e.f 27 April 2015|
|Description||3 blocks of 9-storey towers directly connected to 2 levels of retail spaces at the basement and level 1. The retail podium will comprise of an exciting array of F&B and retail outlets, including a supermarket and food court.|
|Expected TOP||31 December 2018|
|Expected Legal Completion||31 December 2021|
|Total No. Car parks||Commercial (Lvl 2) – 135 lots | Residential (Lvl 2 & 3) – 216 lots + 3 handicapped lots|
|Architect||Surbana Jurong Pte. Ltd.|
|Main Contractor||Singapore Piling & Civil Engineering Pte Ltd|
|Interior Designer||ZYNC Studio+Workshop (ZY)|
|Landscape Consultant||Surbana Jurong Pte. Ltd.|
|Unit Types||Type 1A (1 Bedroom) – 441sqft (27units)
Type 1B (1 Bedroom + Study) – 549sqft (27units)
Type 2A (2 Bedroom) – 635sqft (27units)
Type 2B (2 Bedroom + Study) – 710sqft (27units)
Type 3A (3 Bedroom) – 893sqft (27units)
Type 3B (3 Bedroom + Study) – 969sqft (54units)
Type 4 (4 Bedroom + Study) – 1173sqft (27units)
Solid weekend sales at The Wisteria, Cairnhill Nine
Two newly launched private residential projects reported brisk sales over the weekend, an indication that units within integrated developments remain popular despite the lacklustre housing market.
The Wisteria in Yishun sold more than 80 percent, or 116 of the 138 units released for sale.
Its developer Northern Resi initially launched 108 units on Saturday (12 March), priced from $1,030 psf to $1,050 psf on average. Subsequently, another 30 units were released due to keen interest for the smaller units, leading to more sales.
“Buyers are drawn to this project because of its affordability and its convenience of being above a lifestyle mall,” said Michael Leong, CEO of Keppel Land Retail Management, the project and marketing manager for The Wisteria.
The 99-year leasehold project features 216 condominium units spread across three nine-storey towers, built on top of a two-storey shopping mall. Prospective buyers can choose from one- to four-bedroom apartments, with unit sizes ranging from 441 sq ft to1,173 sq ft.
The Wisteria is expected to be completed by the end of 2018.
Meanwhile, CapitaLand’s 268-unit Cairnhill Nine development in the Orchard area has found buyers for 70 percent, or 134 of the 200 units launched on Saturday.
The 99-year leasehold condominium is part of an integrated development that includes a serviced residence called the Ascott Orchard Singapore.
The units sold include one, two, and four-bedroom units as well as penthouses, measuring between 591 sq ft and 3,864 sq ft. The one-bedroom+guest units have been the most well-received to date, with 80 percent of the 90 apartments sold.
Around 50 percent of the project’s buyers are Singaporeans, while the rest are from Indonesia, Malaysia and China.
Commenting, a spokesman from CapitaLand said: “We are pleased with the strong response to the VIP preview and official launch, and will be stepping up our marketing efforts by having roadshows in cities such as Jakarta, Surabaya, Solo, Shanghai and Hong Kong.”
74% of units at The Wisteria priced below $1 million
This weekend (March 12 and 13), listed construction & engineering company BBR Holdings and its consortium partners at NorthernOne Development will officially launch The Wisteria. It is a mixed-use development with 216 apartments sitting on top of the two-storey Wisteria Mall. It is on a 99- year leasehold site of 105,054 sq ft at Yishun Ring Road, a 10-minute walk from Khatib MRT station.
BBR Holdings CEO Andrew Tan realised the potential of the site when he first visited it. He later submitted a bid for the land tender, which closed in January last year. “Here was a big HDB heartland, and there were no amenities in terms of shops and F&B outlets,” he says. “So we felt that a mixed-use development with a supermarket and food court as anchor tenants will cater not only to the needs of residents in the development, but also the neighbourhood.”
At the close of the tender for the mixed-use site at Yishun Avenue 4 in January 2015, there were only five bidders. BBR and its joint venture partners submitted the winning bid of $185.09 million ($629 psf per plot ratio) under Nothern Resi and Northern Retail, wholly owned companies of NorthernOne Development. The main shareholder of NorthernOne Development is Northern Development with a 50.1% stake, while the other shareholders are Santarli Venture (29.9%), MUSE Capital (18%) and AHPL (Investments) with 2%. Northern Development is, in turn, a joint venture between BBR Holdings and contractor Hexacon Construction.
The project has a total gross floor area of 294,150 sq ft with 60% designated for residential use and 40% for retail. The Wisteria Mall has about 100 shops. Anchor tenants to date include Fairprice Finest, which is taking up 15,000 sq ft, and Kopitiam food court with 16,000 sq ft. The two anchor tenants have taken up about 40% of the net lettable area in the mall. Keppel Land Retail Consultancy has been appointed the development and project manager.
Beyond the potential of the location, Tan was drawn to the site because it was the first government land tender to stipulate the mandatory use of PPVC (prefabricated, pre-finished volumetric construction) technology. BBR was one of the early adopters of PPVC. In January 2014, it won a $196 million contract to build a new hall of residence for Nanyang Technological University. It was Singapore’s first public high-rise development deploying PPVC. “We were very happy to be among the first to adopt this game-changing technology in Singapore,” says Tan.
BBR’s subsidiary, Singapore Piling & Civil Engineering, has been appointed the main contractor for The Wisteria. While PPVC may cost 18% more than the conventional building method, it requires 30% fewer workers on site, says Tan. It is also 20% more efficient in terms of time saving as infrastructural works on site will not hinder the construction of the upper floors, which is done concurrently at the factory. As much of the construction work will take place off-site or even offshore in Shanghai, there will be less noise and dust on site, he adds.
“All the walls, floors, air-conditioning units and lighting points will be pre-assembled and fitted out at the factory before they are moved to the site,” says Tan. Each unit is divided into several modules. For instance, one module will contain the living room, another will have the kitchen and utility room, while a third will contain the bedrooms. The modules will be fitted together on site like Lego blocks to create a complete unit. Units have to be installed one floor at a time. The Wisteria is scheduled for completion in 2018.
Despite deploying PPVC, The Wisteria is still able to offer a wide selection of unit types. Homes will come fitted with Electrolux kitchen appliances and smart home features such as a Yale digital lock system that can be activated by password or key card as well as remote access via the integrated ABB-free@home system. Homeowners can use the ABB-free@home system to control lighting and air-conditioning in their units using smart devices.
At the initial launch, the developer will offer a 5% discount to homebuyers. With the discount, the price of one-bedroom apartments sized from 441 sq ft will start at $469,600. Two-bedroom units sized from 635 sq ft will cost upwards of $635,200. Three-bedroom units from 893 sq ft will be priced from $877,200, while four-bedroom units of 1,173 sq ft will start at $1.07 million. Average prices range from $916 psf to $1,168 psf. About 74%, or 80 units, will be priced below $1 million. “The units are priced very affordably for a residential development sitting on top of a shopping mall,” adds Tan.