The Wisteria at Yishun Avenue 4, District 27 Singapore, is a new launch condominium by Northern Resi Pte Ltd. The condominium actually formed the residential part of the entire mixed development. The 99 years leasehold site was sold by The Housing & Development Board (HDB) early this year 2015. The land parcel has an approximate area of 9759.8 square metres and is proposed for a mixed development consisting of about 60% residential and 40% commercial. There will be 216 residential units available for sales from 1 to 4 bedrooms with efficient and thoughtful layouts. All residential units will be equipped with Smart Home features. Integration with ABB-free @ home system which enables to remotely control the access of door through smart device. Smart Switches integrated with ABB-free @ home system which enables home owner to remotely control the on/off switch to the air-conditioning and/or lighting.
Whereas for the commercial sector, being a company incorporated for long-term property investment purposes, will develop the commercial units and be the single strata owner upon completion. Wisteria Mall, will be transformed into a lifestyle precinct with gastronomical delights and convenient amenities; anchored by a supermarket space at Level 1 and a food court at Basement 1. There will be a total of 72 retails units and 33 f&b units including supermarket and food court.
Shop & Dine Right At Your Doorstep
The commercial units will provide the convenience and amenities such as retail shops, restaurants, a supermarket and food court to future residents of The Wisteria right at their doorstep. Being a single strata owner for the commercial sector will be beneficial for the owners or tenants staying above as there will be more diversity to the profile of tenants occupying the mall. The owner will be more selective in choosing quality tenants in order to attract more human traffic to the mall. The owner will also ensure the mall is being well maintained and focus in bringing more business especially from the surrounding neighbourhood by satisfying their daily needs.
4 Reasons To Stay Above A Shopping Mall
1) Self-Sufficient “Modern Town Center”
With a shopping mall stationed just down your stairs, you can get all of your daily necessities within 5-10 minutes, and visit a wide range of dining outlets and boutiques for your enjoyment. It is especially helpful for working individuals to enjoy a quick and decent meal after a long day at work. Typically, there are also great entertainment facilities that suit the needs of all ages. The elderly and children who may not want to travel too far from home can also enjoy the convenience and say goodbye to boredom and isolation, with a flurry of activity always on hand.
2) Alternatives under Bad Weather
Unwilling to go out on a hot and sunny day in fear of Singapore’s humidity? Prefer to hide away from the gloominess of rainy days while not wanting to confine yourself at home? The advantages of living above a shopping mall become more apparent during extreme weather conditions, where you can still enjoy the advantages of grabbing food, necessities or even borrow a DVD to watch during the spontaneous “day off” just before they close.
3) Saving Travel Costs and Time Costs
Living above a mall helps you save money in the sense that it lowers your transportation costs when shopping for daily needs. It also reduces your time cost in travelling elsewhere for entertainment during your precious holidays and weekends.
Yet, it doesn’t mean that you are limited to where you live and are confined in this “town center”. There are usually a vast number of transportation routes connected to these malls that add an extra layer of convenience and time saving, including public buses and the MRT Stations.
4) Other Benefits
If you have a car, you will need a parking space. If you live above a mall and you drive, a car park area at your residence would essentially provide you with “free parking” at a mall!
Coupons, store openings and the latest discounts offered by shops in the mall are delivered straight to your mailbox. Take advantage of the preferential pricing and promotions just outside your doorstep.
Many Singaporeans weekends are spent shopping and going out to dinner. If you happen to live above a mall, you can hide your shopaholic tendencies from your date by running upstairs to put down your purchases before you meet for drinks. Enjoy a romantic meal without having to make room for your bulky bags at the dinner table!
Want to have friends visit, but bad at giving directions? It will never be a problem for those just living above a mall!
Do you want to enjoy free music shows or see a famous star simply by hopping into your building’s elevator? Living above a shopping mall can fulfill these dreams! Numerous events are hosted in many of these large scale shopping malls, such as singing shows, dancing competitions and art exhibitions.
Nestled In A Mature Housing Estate
Yishun is one of the most well established residential estate in Singapore. One can find almost anything in the vicinity. There are numerous amenities in the surroundings, including parks, country clubs, hospital, stadium, sports hall, schools and large-scale shopping malls like Junction Nine And North Point City, which will be the largest suburban shopping mall in the North. Future residents will not need to travel far for their daily necessities.
In terms of connectivity, The Wisteria is well served by expressways like Seletar Expressway (SLE), Central Expressway (CTE),Tampines Expressway (TPE) and the upcoming North South Expressway (NSE). NSE will run parallel to the CTE to alleviate the traffic load on the heavily utilized CTE as well as nearby major arterial roads such as Thomson Road and Marymount Road. With the NSE, motorists travelling between the north and the city centre can expect to save up to 30% of their travel time during peak hours. A new road, Yishun Avenue 8, will connect to Seletar West Link to provide an alternative route to the Central, Tampines and Seletar expressways. 3 major roads, Lentor Avenue and Yishun Avenue 1 and 2, will be widened by a lane each, and the left turn slip lanes will also be lengthened. This will help to ease the traffic for motorists traveling in and out of Yishun. For those who prefer to travel by public train service, Khatib MRT station is a mere 10 minutes-walk.
In recent years, mixed development is no longer stranger to the residents of Yishun. Following the sold out sales of Nine Residences and tremendous sales of North Point Residences, The Wisteria is also expected to attract a high level of interest and success. Mixed development usually attract stronger interest and can fetch a higher rental rate from tenants due to the convenience provided and the scarcity of developments.
There will also be a strong demand for housing needs in Yishun as Yishun is strategically located in close proximity to 2 regional centres, Seletar Regional Centre and Woodlands Regional Centre. Potential tenants may also come from other sources like foreign teachers & students from GEMS World Academy (Singapore), doctors & nurses from Khoo Teck Puat Hospital and staffs from nearby B1 industrial buildings.
Developer’s Profile: BBR Holdings (S) Ltd
BBR Holdings (S) Ltd (“BBR”) is one of Singapore’s leading construction and specialised engineering groups with more than 20 years of industry experience. It currently comprises four core business segments spanning across General Construction, Specialised Engineering, Property Development and Green Technology.
The BBR Group is well-positioned to meet the urbanization challenge in South East Asia with its ability and proven track record to combine innovative engineering with specialist know-how in the built-environment. It has business presence in key markets in Singapore, Malaysia, Thailand and the Philippines.
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