Developer secures Cold Storage, Kopitiam as tenants FAR East Oganization is building what it hopes will be a chic, two-storey mall on a Seletar site it bought in a state tender last year. Behind the mall will be a 319-unit, low-rise condo, The Greenwich, which could be launched for sale within two months. The developer will hold the mall, named Greenwich V, as an investment property for rental income. It...
Retail Space
Having more retail outlets in the underpass linking ION Orchard and Tangs Plaza will not threaten the businesses above ground in the malls. Analysts said that's because shops along the underpass might likely cater to basic needs like an automated teller machine lobby. But some have called for more creative use of the underground space like having interchanging upscale retail booths. The underpass today...
Millennium & Copthorne Hotels said its unit has signed a collective sales agreement to put Tanglin Shopping Centre up for sale. Under the terms of the agreement, a sales committee has been authorized to negotiate and finalize the collective sale of the shopping-cum-office development situated at Tanglin Road. This sales committee has also been authorised to enter into a sale and purchase agreement on...
Singapore prime Orchard Road shopping belt has been ranked the 27th most expensive retail street in the world by property consultant Colliers International. The city moved up one notch from the 28th spot last year in the Colliers annual global ranking of rents for prime retail space. Colliers said prime retail space along Orchard Road is US$330.19 per square foot per year on average. This was up about 2...
Marina Bay Link Mall said it has leased 80 per cent of the retail space for phase one of its development, while phase two has also seen healthy take-up at 66 per cent. The mall which will open in November this year is expected to serve over 50,000 workers and residents in downtown Marina Bay. More high-end homes like The Sail and Marina Bay Residences are being built in the downtown area, and Marina Bay...
Singapore has moved up one spot to become the 17th most expensive retail location in the world. According to the latest CB Richard Ellis (CBRE) Global MarketView report on the retail sector, prime retail rents in Singapore stood at US$436 ($619) per square foot per annum in the first quarter of this year. It said prime retail rents in the world's leading shopping destinations have stabilised in most...
Singapore has moved up one spot to become the 17th most expensive retail location in the world. According to the latest CB Richard Ellis (CBRE) Global MarketView report on the retail sector, prime retail rents in Singapore stood at US$436 per square foot (psf) per annum in the first quarter of this year. It said prime retail rents in the world's leading shopping destinations have stabilised in most...
CapitaMall Trust held a groundbreaking ceremony for its new mall on the site of the former Jurong Entertainment Centre in Jurong East Central 1 Friday. Named JCube, the 204,000 square feet mall will comprise five levels of retail, two basement levels of car park and a rooftop landscaped plaza. Some features include round-the-clock F&B outlets and an Olympic-size ice skating rink to host international...
The owners of a new shopping mall in Serangoon Central, called nex have reported strong demand with 95 per cent of space leased out to over 300 confirmed tenants. Property developer Gold Ridge revealed the figures on Wednesday with the announcement that the building has been topped out. With more than 600,000 square feet of net lettable area, Gold Ridge said nex will be the largest mall in the North East...
Just five months into its operations, shopping mall 313@Somerset at Orchard Road has received more than 14.7 million visitors, higher than its original target of 10 million. SPRING Singapore says the mall's recipe for success can be attributed to its commitment to customer satisfaction. It entails more than just good service quality. The mall has also focused on meeting the two other drivers of customer...