The upcoming suburban mall Nex located at Serangoon Central has leased 60 per cent of its lettable space. Its developer Gold Ridge said retailers like Isetan, Courts and Challenger are among its key tenants. Gold Ridge added that Isetan has secured a 53,000-square foot space, spanning three floors. This will be Isetan's first new department store in Singapore since 1995. Another first, the developer...
Office / Retail Space
ION Orchard will open its doors on Tuesday in its soft opening, with over 70 per cent of the shops ready for business. It is the second major mall to open in a decade along the prime Orchard Road shopping strip, with 96 per cent of its space leased. After two and a half years, and more than S$2 billion in investment and construction costs, the eight-storey mall, with a retail mix of established brands,...
A new five-star hotel with luxury shopping outlets will soon replace the former Crown Prince Hotel along Orchard Road. Set to open next year, the Grand Park Orchard Hotel and the Knightsbridge retail space linked to it will add to the buzz along the rejuvenated shopping district. Its retail space will almost double to about 83,000 square feet. It is part of Park Hotel Group's plan - which was conceived...
The Tampines 1 mall has attracted over six million visitors since it opened its doors about three months ago, according to property manager Asiamalls. The latest mall addition to the Tampines central area celebrates its official opening on Friday, which also marks its 100th day of business. The S$450 million mall is situated beside the Tampines MRT station. It has 173 tenants including Uniqlo, the...
Property developer Far East Organization has launched a scheme to encourage start-ups at its shopping malls. Instead of paying rent, these tenants can issue preference shares to the developer for up to three years. Tenants at six Far East Organization malls – including the new Orchard Central – can now pay rent in shares, instead of cash. The other participating malls are Central, Far East Square,...
Address: 865 Mountbatten Road Singapore 437844 Location: In the East Coast vicinity, in the prime residential estate of Katong. Easily accessible via ECP, about 10 minutes drive to city via ECP and public transport Description: 7-storey building with 4 levels of retail space Neat and clean office lift lobby Upgraded common corridors Please contact leasing officer at [email protected] or +65 9273 4834...
Property consultancy CB Richard Ellis (CBRE) is revising its rental forecasts for 2009, given better-than-expected average rentals in the second quarter. The firm now expects Orchard Road rents to fall between 10 and 12 per cent this year, a less drastic decrease than its earlier estimate of 15 to 20 per cent. Suburban mall rents are likely to contract between 5 and 6 per cent, down from its earlier...
Address: 1 Magazine Road Singapore 059567 Location: Located by the historic Singapore River and near the financial hub of Raffles Place and Shenton Way. Easily accessible via CTE Nearest MRT Station: Clarke Quay / Chinatown MRT Station Description: Central Mall is a 7-storey office building with ground floor retail units. Within the development are 2 and 3 storey conservation warehouses for retail,...
313@Somerset will be the last of the three new malls to open along Orchard Road this year. But it's promising a shopping experience that will keep customers coming back. The shops may be mid-range but 313@Somerset said the customer service will be top-notch. By November, the eight-storey mall, will have shops offering food, fashion and lifestyle treats. And it will be the newest kid on the block, hot on...
Central Mall Katong...