HDB launches sale of site for new integrated development in Yishun

Yishun will soon have a new integrated development. It will boast an air-conditioned bus interchange, residences, commercial retail spaces and the first community club in a mall.

This is part of the Housing and Development Board’s (HDB) Remaking Our Heartland Programme for the town.

The site has been put up for tender by the HDB.

Resident Nicky Singh said: “I’ve been staying here for so many years, and now it’s upgrading here. I feel very proud of it.”

The plan was announced by Foreign Affairs Minister K Shanmugam, who is also MP for Nee Soon GRC, at the launch of the “Transforming Yishun: Rejuvenating the Town Centre” exhibition on Friday.

Mr Shanmugam said: ” As I said, it will make facilities more accessible, new eateries, new places for people to go to, new facilities. And I think people will also work out, it is going to increase the value of their own properties.”

This is the fourth integrated development with a bus interchange by HDB, and it will also be the largest.

HDB said the tender will close in September, and the project is expected to be completed the latest by 2020.

Ang Hak Seng, chief executive director of the People’s Association, said: “Our cost fee (for the new community club) will remain the same and will remain affordable for residents. We are able to achieve the cost-effective cost fee because of the volume and also because of the synergy with commercial space.”

Proposals to rejuvenate Yishun began in 2007. Several projects have been completed or are underway.

Projects include a 15.5-kilometre cycling path, of which the first phase spanning 1.7 kilometres was completed in March 2011.

The second phase links up the remaining part of Yishun and is slated for completion in 2015.

Source – CNA –  28 Jun 2013

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