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21/05/2016

One of the most affordable homes above a lifestyle mall

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Offering thoughtfully-designed residential spaces, state-of-the art facilities, as well as a good mix of retail and F&B shops under one roof, The Wisteria presents itself as the ideal space for live and play.

In recent years, mixed-use developments, which encompass both commercial and residential units in a single complex, have become increasingly popular, with a growing number of developers starting to roll out mixed-use developments across the island. This comes as no surprise, as the fast growing population in land-scarce Singapore has resulted in a surge in demand for homes and amenities alike.

Those looking to invest in a mixed-use development that offers utmost convenience, easy accessibility, as well as a slew of amenities within one location, should look no further than The Wisteria – a mixed residential and retail development in Yishun.

Jointly developed by Northern Resi Pte Ltd and Northern Retail Pte Ltd, the development comprises 216 residential units, which are built on top of the Wisteria Mall – a unique lifestyle mall comprising F&B and retail shops. There is a good mix of one- to four-bedroom apartment units that range in size from 441 sq ft to 1,171 sq ft. Discerning home buyers and investors will like that most units come fully outfitted with a fine selection of kitchen and sanitary fittings from reputable brands such as Electrolux and Hansgrohe, as well as a well-edited selection of fittings.

The 216 residential apartments will be spread across three blocks and will occupy the 4th to 12th floors, while the retail units will be housed within basement 1 and level 1 of the development. The lifestyle mall, with over 100 units of F&B and retail offerings, are held under one strata-owner, who will operate and manage the entire mall.

Smart living

One of the main highlights of The Wisteria is no doubt the in-built home automation system – ABB-free@home system – that is installed in each residential unit. With this innovative system, residents can intelligently control virtually any device in their home – lighting, air-cons at the dining / living area and master bedroom, and even main door locks via their smart devices.

Spaces to relax and retreat

Residents can expect to be spoilt for choice when it comes to leisure and relaxation pursuits. Equipped with an array of state-of-the-art facilities, fitness enthusiasts can choose to take a refreshing dip in either the 50m free-form lap pool or sweat it out at the aqua gym and gymnasium. For those who prefer to just sit back and lull the afternoon away, there are also plenty of spaces for you to do just that including the wine pod, jaccuzi, water lounge, steam room, sun deck and leisure deck among others. The specially designed BBQ Pavilion is also ideal for intimate parties or even just a spontaneous evening dinner outdoors.

A host of amenities and conveniences

Among the advantages of living in a mixed-use development, convenience ranks high on the list. And when it comes to convenience, The Wisteria – located at the juntion of Yishun Avenue 4 and Yishun Ring Road – is truly unbeatable. The development is situated within close proximity to various transportation links including Khatib MRT station and the Seletar Expressway (SLE), which make travelling to other parts of the island a breeze. The future North-South Expressway (NSE) will also reduce travelling time to and from the city – the NSE will connect the city centre with towns along the north-south corridor – Woodlands, Sembawang, Yishun, Ang Mo Kio, Bishan and Toa Payoh.

The star of this integrated residential and retail development has to be the Wisteria Mall, which offers residents a slew of dining and shopping options at their doorstep. Housing a handful of specialty cafes and restaurants, a FairPrice Finest supermarket, Kopitiam food court and many other lifestyle shops, residents will be able to indulge in an array of gastronomical delights and shop for their daily necessities without even having to set foot out of the development.

For families with school-going children, the development is located within a stone’s throw away of several established educational institutions, such as Chongfu Primary School, Naval Base Primary School and GEMS World Academy.

Great investment potential

The position of The Wisteria is further strengthened by its proximity to nearby commercial clusters such as Woodlands Regional Centre, Seletar Regional Centre and the upcoming Seletar Aerospace Park.

Seletar Aerospace Park, which is envisioned to be a world-class dedicated aerospace regional facility, is expected to create about 10,000 jobs upon its projected completion in 2018, while the Woodlands Regional Centre, which is part of a larger commercial belt called the North Coast Innovation Corridor, will house the first business park cluster in Singapore’s northern area.

In short, residents of The Wisteria can look forward to a wealth of job opportunities near where they live. The 99-year leasehold development is expected to receive its temporary occupation permit (TOP) in the fourth quarter of 2018.

Picture Source: Facade of The Wisteria and Wisteria Mall.
Source copied: http://www.propertyguru.com.sg/property-management-news/2016/3/119458/one-of-the-most-affordable-homes-above-a-lifestyle-mall


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