The atrium shop space at Sim Lim Square has been put up for sale by expression of interest. In a statement on Thursday, its marketing agent CBRE said the atrium shop at the ground floor of Sim Lim Square comes with a strata area of approximately 2,756 square feet. The unit attracts a high volume of shoppers due to its open concept. CBRE expects the property to attract strong interest from...
Singapore Retail
In time to catch the year-end shopping crowds, Singapore-listed CapitaMalls Asia is launching two of its projects in the suburbs this week. Westgate opened its doors on Monday and Bedok Mall will start business from Tuesday. But analysts told Channel NewsAsia it is not all joy for some landlords of retail property. With all its shop space fully leased, Bedok Mall is abuzz with retailers hurrying...
The managers of Suntec City are optimistic that the mixed-use development will be well-positioned for its next phase of growth once it completes a makeover that will strengthen the fashion, entertainment and food & beverage offerings at its mall. This will create a better mix of tenants that will attract more foot traffic and help the development unlock new business value through higher rental income,...
The S$410 million remake of Suntec City is starting to take shape -- Phase 1 of the makeover was completed in June. Susan Sim, deputy CEO of ARA Trust Management (Suntec) Limited, said: "We are 100 per cent occupied on Phase 1, and most of the tenants have already started operations. Phase 2 as of June, we are 70 per cent pre-committed and we are on target for Phase 2, which is going to be ready by...
The supply of retail mall space in Jurong has almost doubled from the second quarter of last year with the opening of the new shopping mall JEM in June this year. The retail mall space jumped by 573,600 square feet in June, to nearly 1.2 million square feet. Including the IMM Building and JCube, retail mall space in Jurong had amounted to 613,000 square feet in terms of net lettable area at the...
A freehold boutique development in a popular downtown location marking the start of the new Waterfront City masterplan, Onze comprises 56 apartments and 13 ground level commercial units within a 14 storey complex, complete with sky terrace and rooftop swimming pool. Architecturally, the sleekly simple and yet fluidly dynamic lines of the box-based building features are an artistic statement set against the...
Average rentals of prime retail space in Orchard/Scotts Road and suburban areas stayed constant in the second quarter of 2013, following a slight dip in the previous quarter. DTZ said prime retail rents in Orchard/Scotts Road are expected to fall marginally in the second half of the year as new developments in the area are completed. Together, the completion of Orchard Gateway and the addition and...
Singapore's third-largest suburban mall JEM says it will open on Saturday, 15 June. This comes after the sudden delay in the mall's opening earlier this week. JEM is giving away S$10 vouchers to the first 1,000 shoppers on Saturday. JEM was due to open on Tuesday, June 11 but this had to be postponed because none of the units in the mall had applied for a Fire Safety Certificate or Temporary Fire...
Singapore's prime shopping belt Orchard Road is set to welcome a new mall, Orchard Gateway, around November this year. Its marketing agent Savills said 80 per cent of the retail space has already been pre-committed. And there will be a few new-to-market brands that will appeal to fashion-forward shoppers. The mixed-development straddles both sides of Orchard Road and has 172,000 square feet of net...
Shaw Centre, a landmark building at Orchard Road, is up for a major facelift -- its first in almost three decades. The renovations are expected to be completed in the first quarter of 2014. After the redevelopment, the Shaw Centre retail mall will be integrated seamlessly with the adjoining Shaw House. Shaw House's anchor tenants include Isetan and Shaw Theatres Lido. The new Shaw Centre will also...