Northpoint City North Wing

Northpoint City North Wing is FCT's second largest property by net lettable area (“NLA”) after Causeway Point. It is seamlessly integrated with the Northpoint City South Wing (owned by FCT’s sponsor, Frasers Property Limited) to form Northpoint City, with over 400 F&B and retailers spread over 500,000 square feet of space.

 

Northpoint City North Wing offers six retail levels of shopping (including two basement levels). Key tenants at Northpoint City North Wing include Kopitiam food court, Cold Storage supermarket, OCBC Bank, United Overseas Bank, MayBank, McDonald’s restaurant and Popular bookstore. The mall enjoys high shopper traffic flow from the surrounding residential estate and schools. The total shopper traffic to Northpoint City (including that of South Wing as both wings are integrated) in FY2019 was 57.3 million.

 

FCT also owns ten strata-titled retail units in the Yishun 10 retail podium located next to Northpoint City North Wing.



North Wing:

Net Lettable Area:

219,365 square feet1

Property Owner:

Frasers Centrepoint Trust

Title:

99 years leasehold w.e.f
1 Apr 1990

Valuation:

$771.5 million as at
30 Sep 20192

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South Wing:

Net Lettable Area:

290,206 square feet2

Property Owner:

Frasers Property Limited

Title:

99 years leasehold

Book Value:

$1,050.0 million as at
30 Sep 20192

Notes

  1. As indicated in the valuation report for Northpoint City North Wing, dated 30 September 2019, by Colliers International Consultancy & Valuation (Singapore) Pte Ltd.
  2. As disclosed in Frasers Property Limited Annual Report 2019
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Address:

930 Yishun avenue 2, Northpoint Singapore 769098