The 99-years leasehold land parcel at Yishun Avenue 4, which was awarded to joint tenderers Northern Resi and Northern Retail last month, is proposed for a mixed development consisting of about 60 percent residential and 40 percent commercial space.
Northern Resi will develop and sell around 200 residential dwelling units, while Northern Retail will develop the commercial units and be the single strata owner upon completion, its developers said in a statement.
The commercial units will include shops, restaurants, food court and a supermarket.
The development will use Prefabricated Prefinished Volumetric Construction (PPVC) and Prefabricated Bathroom Units (PBU) for at least 65 percent of the constructed floor area and bathroom units respectively, as required by the government’s initiative to use labour-efficient construction methods to improve construction productivity.
Northern Resi and Northern Retail are wholly-owned subsidiaries of NorthernOne Development, and the immediate holding company of NorthernOne is Northern Development, a wholly-owned subsidiary of BBR Property.
BBR Group’s CEO Andrew Tan said, “We are pleased that this new project will leverage the integrated competencies within the BBR Group, in terms of engineering solutions, construction methods as well as property development expertise.”
Image source: HDB
Muneerah Bee, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
