Shopping mall The Verge and its connecting block Chill @ The Verge located at the junction of Serangoon Road and Sungei Road are going up for sale, and the owners are expecting between S$320 million and S$350 million, real estate company JLL said in a news release on Tuesday (Dec 9). The Verge comprises a 6-storey shopping mall with two basement levels while Chill @ The Verge is an 8-storey building...
Retail Malls
Amid a more competitive retail landscape in Singapore, more shopping malls have been undergoing asset enhancements. According to property analysts, the number of such initiatives has nearly doubled in the last five years, with landlords and mall developers expected to continue with improvement works to their retail properties in order to attract more shoppers and retain tenants. One of the many shopping...
Some popular international brands will come to Singapore by the end of 2009 when 313@Somerset opens its doors to shoppers for the first time. The new mall opposite Centrepoint is being developed by Australia's Lend Lease, which had put in a record bid for the site. Now, six months into its leasing campaign, Lend Lease said that interest from both local and foreign retailers has been overwhelming. Work is...
Following the S$13 million makeover of Anchorpoint Shopping Centre, Frasers Centrepoint Trust has plans to turn its attention to other suburban malls under its stable. Anchorpoint's new look appears to be getting the thumbs up from retailers. Lee Hsien Yang, chairman of Fraser & Neave, said: "Anchorpoint used to be occupied by furniture shops, but I think we felt there was a niche in the market for...