Perennial Real Estate Holdings (Perennial) and its consortium of investors, including Singapore Press Holdings (SPH), are selling their stakes in Chinatown Point Mall for S$520 million in total, the listed companies announced on Monday morning. This includes the divestment of their entire interests in the retail mall, and four strata office units in Chinatown Point, an integrated development located in...
Chinatown Point's retail mall and office tower will undergo a major asset enhancement programme worth S$75 million. The renovation works were approved at an Annual General Meeting on Thursday following a unanimous vote by its subsidiary proprietors. The proposed plans include the relocation of car parks from Basement 1 and 2. This will free up retail space to give shoppers a more continuous shopping...
A consortium called Perennial Chinatown Point has acquired the Chinatown Point retail mall and four office units for S$250 million from developer City Developments. Chinatown Point is a mixed-development comprising 283 strata-titled retail units and a 25-storey office block. It is located at the junction of New Bridge Road and Upper Cross Street and next to the Chinatown MRT station which currently...
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