Yishun Avenue 2 / Yishun Central 1
AwardedMixed commercial and residential. HDB sale site, built as Northpoint City & North Park Residences.
S$1,428,880,000
S$11,592.90 psm GFA (derived: the source published the price and no rate). Awarded 9 September 2013 to North Gem Development Pte. Ltd., parent: Frasers Property Limited / Sekisui House, Ltd. / KH Capital Pte. Ltd. (joint venture) & FC North Gem Trustee Pte. Ltd. (as Trustee-Manager of North Gem Trust), parent: Frasers Property Limited.
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ psm of GFA) |
|---|---|---|---|---|---|
| Yishun Avenue 2 / Yishun Central 1 | Mixed commercial and residential | 41,084.9 m² | 123,254.7 m² | North Gem Development Pte. Ltd., parent: Frasers Property Limited / Sekisui House, Ltd. / KH Capital Pte. Ltd. (joint venture) & FC North Gem Trustee Pte. Ltd. (as Trustee-Manager of North Gem Trust), parent: Frasers Property Limited | S$1,428,880,000(S$11,592.90, derived) |
As listed at the close of 5 September 2013 (hdb-list-yishun-p3-close), with the outcome the award of 9 September 2013 gave each.
| Rank | Tenderer | Tendered price | Outcome |
|---|---|---|---|
| 1 | North Gem Development Pte. Ltd., parent: Frasers Property Limited / Sekisui House, Ltd. / KH Capital Pte. Ltd. (joint venture) & FC North Gem Trustee Pte. Ltd. (as Trustee-Manager of North Gem Trust), parent: Frasers Property Limited | S$1,428,880,000 | Awarded |
| 2 | Far East Civil Engineering (Pte.) Limited, parent: Far East Organization, Far East Orchard Limited, parent: Far East Organization (controlling shareholder group) & Sekisui House, Ltd. | S$969,333,333 | Unsuccessful |
| 3 | Zenlead Investments Pte. Ltd. & Zenmost Developments Pte. Ltd. | S$930,000,000 | Unsuccessful |
| 4 | Sim Lian (Focus) Pte Ltd & Sim Lian (Brilliant) Pte Ltd | S$875,000,000 | Unsuccessful |
| 5 | Yorkshire Investments (1) Pte. Ltd. and Yorkshire Trustee Pte. Ltd. (in its capacity as trustee of Yorkshire Mall Trust) | S$704,500,000 | Unsuccessful |
Press releases, latest first
Each card is one release on its own date, with its text folded beneath. The latest is first and open.
9 September 2013
AwardedYishun P3, Yishun Avenue 2 / Yishun Central 1: awarded to North Gem Development Pte. Ltd. & FC North Gem Trustee Pte. Ltd. (as Trustee-Manager of North Gem Trust), as HDB's list of mixed residential and commercial sites sold dates it
Dated as the agency’s list of sites sold prints it (List of mixed residential and commercial sites sold). The list is the source; no release of this date is on record.
Awarded to
North Gem Development Pte. Ltd., parent: Frasers Property Limited / Sekisui House, Ltd. / KH Capital Pte. Ltd. (joint venture) & FC North Gem Trustee Pte. Ltd. (as Trustee-Manager of North Gem Trust), parent: Frasers Property Limited, S$1,428,880,000 (S$11,592.90 psm GFA, derived: the source published the price and not the rate).
Source: List of mixed residential and commercial sites sold (Prevo reference hdb-list-mixed-sites-sold)
5 September 2013
Tender closedYishun P3, Yishun Avenue 2 / Yishun Central 1: tender closed with 5 priced bids, as HDB's list of mixed residential and commercial sites sold dates it
Dated as the agency’s list of sites sold prints it (List of mixed residential and commercial sites sold). The list is the source; no release of this date is on record.
5 bids disclosed
Highest S$1,428,880,000 from North Gem Development Pte. Ltd., parent: Frasers Property Limited / Sekisui House, Ltd. / KH Capital Pte. Ltd. (joint venture) & FC North Gem Trustee Pte. Ltd. (as Trustee-Manager of North Gem Trust), parent: Frasers Property Limited.
Source: List of mixed residential and commercial sites sold (Prevo reference hdb-list-mixed-sites-sold)
28 June 2013
Launched for tenderYishun P3, Yishun Avenue 2 / Yishun Central 1: launched for tender, as HDB's list of mixed residential and commercial sites sold dates it
Dated as the agency’s list of sites sold prints it (List of mixed residential and commercial sites sold). The list is the source; no release of this date is on record.
Source: List of mixed residential and commercial sites sold (Prevo reference hdb-list-mixed-sites-sold)
Site facts
- Selling authority
- HDB
- Allowable development
- Mixed commercial and residential
- Tenure
- 99 years
- Programme list
- None stated; sold by tender, as hdb's list records itKnown from HDB’s list of sites sold, which does not say whether the parcel was on a Government Land Sales list. No list is inferred.[hdb-list-mixed-sites-sold]
- Project
- Northpoint City & North Park Residences[hdb-list-mixed-sites-sold]
- Site area
- 41,084.9 sqm[hdb-list-mixed-sites-sold]
- Maximum GFA
- 123,255 sqm[hdb-list-mixed-sites-sold]
- Tender conditions
- Permissible gross plot ratio: 3
- Facts as stated on
- 28 June 2013
Sources
- Agency listPublication date not recorded
List of mixed residential and commercial sites sold
Housing & Development Board · Retrieved 19 September 2026
Source fact · Source-backedOriginal source link unavailable
Technical details
- SHA-256
- 417df251cb8624ba806df3a6cb6e628e19acead2b258f3f5cd6df6c021fc4d83
- Size
- 261,098 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-19 11:00:31 UTC
- Prevo reference
- hdb-list-mixed-sites-sold