A new shopping mall and office block will spring up next to the Jurong East MRT station.
Announcing the plans, CapitaMalls Asia, CapitaMall Trust and CapitaLand said the total development cost is expected to be about S$1.5 billion.
They had submitted the top bid of about S$969 million for the site.
Subject to planning approval from the Urban Redevelopment Authority (URA), the shopping mall is expected to have five levels including one basement level.
The one-stop family mall will both cater to residents’ everyday needs and offer specialty shops.
Shoppers will enjoy seamless accessibility to transport options from the mall.
The shopping mall is expected to commence operations in time for the Christmas shopping season in 2013.
The office tower is expected to commence operations in 2014.
Source : Channel NewsAsia – 1 Jun 2011