Retailer Courts has unveiled a new store along Orchard Road, near the Somerset MRT station. Courts says it will soon open the new eight-storey store, offering about 44 thousand square feet of electronics and home furnishings. Courts is taking over the premises that retailer John Little had previously occupied since 2007. John Little is vacating the space after it did not exercise its option to renew its...
Retail Space
In the wake of the overcrowding issue at Mustafa Centre and the fire at People's Park Complex (picture), safety experts say older shopping malls here will need to review their safety plans to keep up with changing business operations and growing crowd numbers. Mr Kenneth Jones, the director of building inspection and survey company Robinson Jones Associates, told MediaCorp he has seen some worrying lapses...
Flaunt it if you have it. That is what retailers with prime shop space along the Orchard Road belt are doing. A war has broken out as eye-catching, brightly lit facades - showcasing luxury brands like Gucci, Prada and Chanel - compete for attention there. Retail experts say the belt's glitzy makeover has emerged in the past two years, along with the profusion of malls. Said Dr Lynda Wee, from business...
RETAILER John Little, part of the Robinsons Group, says it will soon vacate its seven-storey Orchard Road outlet. This means the large pool of new retail space set to come onstream later this year will grow even bigger. The move by the retailer confirms months of speculation after it failed to exercise its option as a tenant to renew its lease with landlord OG late last year, as reported by The Straits...
SIXTY-FIVE per cent of the space in phase one of Marina Bay Link Mall has been taken up and the mall will open for business in the fourth quarter of this year. The 5,202 sq m mall will house retail and food-and-beverage outlets such as Din Tai Fung, Absolut Thai, an Apple concept store and Four Seasons Market Place. Wilson Kwong, chief executive of Raffles Quay Asset Management, announced the...
THE decline in prime retail rents looks set to bottom out as the economic recovery gathers pace and consumer confidence rebounds, says a new report. In its latest analysis of Singapore's prime retail scene released yesterday, CB Richard Ellis (CBRE) found that the pace of prime Orchard Road rental decline slowed significantly in the first quarter of this year to an average rent of $32.20 per sq ft (psf),...
Property consultant CB Richard Ellis said the pace of prime Orchard Road rental decline slowed in the first quarter this year. In a research report, it noted that prime Orchard Road rents averaged S$32.20 per square foot per month in the first quarter, down by just 0.7 per cent on-quarter. Rents had declined between 1.5 per cent and 3.3 per cent in the previous four quarters. Prime suburban rents,...
Take a stroll from Tanglin to Orchard and you will not miss these aged stalwarts of the shopping strip: Tanglin Shopping Centre, Far East Shopping Centre, Lucky Plaza, Far East Plaza, Orchard Towers and Orchard Plaza, with their 1970s architecture and haphazard mix of retailers. Already, one of them might be on its last legs: Orchard Road's oldest mall, the 38-year-old Tanglin Shopping Centre, which...
The new malls are not having it all their own way. Popular but older malls are renovating to give the newbies a run for their money. Undergoing a spruce-up are Raffles City Shopping Centre and Takashimaya Department Store. At Raffles City, renovations started last month on its first basement to make way for new retail and F&B offerings. There will also be a direct underground link from the mall's...
Cosmetics and toiletries are crowd-pullers at Mustafa Centre. That is why, to tackle overcrowding, the popular Little India retailer is planning to shift the sale of these high-volume products to new premises in July. This was revealed to The Sunday Times yesterday by Mr Shamim Ahmad, Mustafa's building maintenance and safety manager. The retailer occupies premises at 145 and 151, Syed Alwi...