Monday, 7 October 2013
Only 700m away from Yishun MRT, this upcoming new mixed development at Yishun will certainly inject vibrancy and variety to the current retail landscape. The bustling sights and sounds of Singapore are easily accessible through Yishun MRT station, just minutes away from one’s abode.
What do you need from the Commercial Building? Junction Nine can offer full of services. Spending quality time grocery shopping with the family, Or indulging special someone with a romantic meal? Or building unforgettable memories in the comfort of your own home? All in one place is very convenient, aren't they?
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Yishun MRT Station (NS13) is an elevated Mass Rapid Transit station in Singapore. It is the northernmost of two stations serving Yishun New Town and is part of the North South Line. The station used to be the terminus of the line between 1988 and 1996 until the North South Line Woodlands Extension was completed and opened on 11 February 1996. But currently, certain train services would terminate at this station for short trips and during peak hours, etc...(source:www.en.wikipedia.org).
What do you need from the Commercial Building? Junction Nine can offer full of services. Spending quality time grocery shopping with the family, Or indulging special someone with a romantic meal? Or building unforgettable memories in the comfort of your own home? All in one place is very convenient, aren't they?
With easy accessibility and residential part inside, Junction Nine can make sure to provide a large amount of traffic for your business to proper. Do not miss it!
Saturday, 14 September 2013
Junction 9 - Yishun new development - features 146 units of retail shops and F&B. Units at Junction 9 ranges from small size to big to serve investors' investment strategy.
Whether for your own use or investment, you can rest assured for the sustainability and growth of your business.
Junction 9 - Preliminary Figures
Total Commercial Units: 146
1st Storey:
• 72 shop units (15sqm - 67sqm)
• 12 restaurant units (55sqm -105sqm)
2nd Storey:
• 57 shop units (11sqm - 97sqm)
• 5 restaurant units (125sqm - 390sqm)
New Property Project in Singapore: D'Shire Condo, The Crest Condo
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Whether for your own use or investment, you can rest assured for the sustainability and growth of your business.
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| Junction 9 at Night- Iconic Building of the neighborhood |
Junction 9 - Preliminary Figures
Total Commercial Units: 146
1st Storey:
• 72 shop units (15sqm - 67sqm)
• 12 restaurant units (55sqm -105sqm)
2nd Storey:
• 57 shop units (11sqm - 97sqm)
• 5 restaurant units (125sqm - 390sqm)
New Property Project in Singapore: D'Shire Condo, The Crest Condo
Tuesday, 10 September 2013
SINGAPORE — A mixed commercial and residential site in Yishun
attracted a top bid of S$1.43 billion from Frasers Centrepoint units at
the close of tender yesterday, HDB data showed, well above the competing
bids in a provisional result that took analysts by surprise.
The
99-year leasehold site, made available through the Government Land Sales
programme, was put up for tender in June. The site sits on 442,234 sq
ft of land and has a maximum permissible gross floor area of almost 1.33
million sq ft. The top bid from North Gem Development and FC North Gem
Trustee works out to S$1,077 per sq ft per plot ratio.
The development, next to Yishun MRT Station and to be
integrated with the future Yishun bus interchange, can yield about 890
homes, with a maximum of 522,000 sq ft for commercial use. About 43,000
sq ft has to be set aside for a community club.
The top bid is
47.4 per cent higher than the second-best bid of S$969.3 million from a
Far East Organisation-led consortium, with the other three bids of S$930
million, S$875 million and S$704.5 million coming from Zenlead
Investments, Sim Lian and Yorkshire respectively.
“The wide price
gap illustrated Frasers Centrepoint’s determination to protect its
market position in the Yishun area as Northpoint Shopping Centre, the
current shopping mall at Yishun Central, is managed by Frasers
Centrepoint Trust,” said Mr Nicholas Mak, Executive Director of Research
and Consultancy at SLP International Property Consultants.
Mr Ku
Swee Yong, Chief Executive Officer of International Property Advisor,
said Frasers would enjoy a strategic advantage as it will be able to
integrate the new development with Northpoint, but he was still
surprised by the gulf between the top two bids.
“Frasers will
enjoy many synergies and besides the heavy footfall in the area, they
will be able to drive traffic to their Northpoint to increase returns.
But I thought it would be at most 20 to 30 per cent over the second
bid,” he said.“It’s clear they needed certainty of winning the bid,” he added.
Mixed developments next to MRT stations have been a proven success formula, noted ERA Executive Officer Eugene Lim.
Still
he noted that “Junction 9 - the other mixed use site at Yishun Ring Road had CEL
Property as the highest bidder at S$212.1 million or S$794 psf ppr. The
tender attracted 13 bidders in January. This makes the current site 35.6
per cent more expensive than the Yishun Ring Road site.”
He
estimated the break-even at just below S$1,500 psf, saying the
developers would have to sell at S$1,600 to S$1,800 psf to account for
profit. Mr Ku said the synergy and the enhanced value to the
commercial elements of the project will allow the developer to price the
residential component at about S$1,300 psf.
Tuesday, 3 September 2013
Junction 9 - a commercial part of new mixed-use commercial and residential site located at the junction of Yishun Ring Road and Yishun Avenue 9 closed on Jan 24 with 13 bids received. The highest bid of $212.1 million or $794 psf per plot ratio (ppr) came from CEL Property, a unit of listed construction group, Chip Eng Seng. The Residential Component is called Nine Residences.
Nine Residences is considered the first private residential project in the proximity of Yishun MRT station. The land area of the 99-year leasehold site is 95,351 sq ft, with a maximum gross floor area (GFA) of 266,982 sq ft. Nine Residences is proposed to be a condominium project with a mix of studio, and one- to four-bedroom apartments, as well as a two- to three-level retail podium on the site, according to a statement submitted on SGX.
Junction 9 is a new development at Yishun Ave 9 and Yishun Ring Road. Developed by Chip Eng Seng, Junction 9 comprises of residential units ( Nine Residences) and 100+ commercial units.
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