Northpoint City North Wing

Property Description: Northpoint City North Wing (as at 30 Sep 2017)

Northpoint City North Wing, formerly known as Northpoint Shopping Centre, is FCT’s second largest property by net lettable area after Causeway Point. Together with the new Northpoint City South Wing (owned by FCT’s sponsor, Frasers Centrepoint Limited), the two retail wings form Northpoint City with combined retail area of more than 500,000 square feet.

Northpoint City North Wing underwent a $60 million asset enhancement initiative (AEI) work recently. The rejuvenated North Wing added new retailers and F&B tenants improving shopping ambience. The North Wing is integrated with the South Wing to provide shoppers with seamless connectivity between the two retail wings as well as to the Yishun MRT station and bus interchange.

Northpoint City North Wing offers six retail levels of shopping (including two basement levels) and has a total of 157 tenants. Key tenants at Northpoint City North Wing include Cold Storage supermarket, Kopitiam food court and Popular bookstore. The mall enjoys high shopper traffic flow from the surrounding residential estate and schools. Shopper traffic in FY2017 was 41.3 million.

FCT also owns ten strata-titled retail units in the Yishun 10 retail podium. These retail units were acquired on 16 November 2016. The Yishun 10 retail podium is located next to Northpoint City North Wing. The key tenants at Yishun 10 retail podium are Egalite F&B Pte Ltd (operator of BurgerUp) and Singapore Post Limited.

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Net Lettable Area:

218,172 square feet1

Title:

99 years leasehold w.e.f 1 Apr 1990

Year Acquired by FCT:

2006 (Northpoint 1), 2010 (Northpoint 2)

Market Valuation:

$733.0 million as at 30 Sep 2017

Annual Shopper Traffic:

41.3 million (Oct 2016 – Sep 2017)

Store directory:

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Notes

  1. As indicated in the valuation report for Northpoint City North Wing, dated 30 September 2017, by Savills Valuation and Professional Services (S) Pte. Ltd
Property Description: Yishun 10 retail podium (as at 30 Sep 2017)


Net Lettable Area:

10,412 square feet2

Title:

99 years leasehold w.e.f 1 Apr 1990

Year Acquired by FCT:

2016

Market Valuation:

$39.5 million as at 30 Sep 2017

Key Tenants:

BurgerUp and Singapore Post

Notes

  1. As indicated in the valuation report titled "First Storey Retail Podium at 51 Yishun Central 1, Yishun 10, Singapore 768794", dated 30 September 2017, by Colliers International Consultancy & Valuation (Singapore) Pte. Ltd.
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Address:

930 Yishun avenue 2, Northpoint Singapore 769098