A FLASHY new wing that jazzed up Northpoint Shopping Centre has also helped attract an additional 800,000 visitors a month through the mall's doors. The $38.6 million revamp has also enlarged the mall by over 50 per cent and brought the total space available for rent to 235,000 sq ft. The number of shops has shot up from 90 to 168. 'This has brought in a 10.7 per cent return on investment', said Dr Chew...
Northpoint
FRASERS Centrepoint Trust's (FCT) Northpoint mall has seen a 20 per cent hike in average rentals and a 70 per cent climb in shopper traffic after it was expanded and revamped. The mall, which is located right next to Yishun MRT station, increased its net lettable area by more than 50 per cent with the addition of a $165 million new wing and a $38.6 million asset enhancement initiative. The new NLA is...
Frasers Centrepoint Trust is optimistic about the outlook for suburban malls in Singapore. It's just completed a major revamp of the Northpoint shopping centre in Yishun. Costing almost S$40 million, the renovations are part of Frasers Centrepoint Trust's plans to rejuvenate all its malls. More shops targeting youths and family attractions are part of the new tenant mix at Northpoint. This includes 20...