The remaking of Paya Lebar Central is taking shape with the ground breaking of a new 13-storey commercial project, on Tuesday. Paya Lebar Central has been earmarked by the government for development as a commercial hub, under its 2008 Master Plan. At the ground breaking ceremony of Paya Lebar Square, its developer said 75 per cent of the office space has been committed. The S$1 billion development will...
Singapore Retail
Compass Point Shopping Centre is up for sale by public tender. Sengkang Mall Ltd, the owner of the mall, revealed that the proceeds from the sale will go towards a full redemption of its outstanding bonds totalling $335 million due in November 2012. The $201 million secured fixed rate senior bonds and $134 million secured fixed rate junior bonds are secured against Compass Point Shopping Centre. There...
A new 500-room hotel with six floors of retail space as well as office space will open in Orchard Road in the second half of 2013. Called orchardgateway, the development will straddle the sites formerly occupied by Hotel Phoenix, Specialists Centre and Orchard Emerald. The two towers will be linked by a glass tubular overhead bridge as well as an underpass across Orchard Road. These plans were unveiled...
Oxley Tower set to rise from the heart of Robinson Road, Singapore’s Central Business District (CBD). The flexibility of the modular office units suit small and medium businesses perfectly as business owned may choose an office layout that best suits their needs. Coupled with a great balance of work, play and living facilities and amenities, it is the right choice for the future of any business. The...
EON Shenton rises at the coveted site of 70 Shenton Way, illuminating the Tanjong Pagar waterfront with its majestic grandeur. Here in the Central Business District, each and every angle gives rise to international recognition and promises impressive city and sea views that extend towards the waterfront bungalows of Sentosa. Interweaving both residential and commercial spaces seamlessly, it is the epitome...
More than a decade's supply of retail space is under construction in Singapore. This is putting pressure on retailers in existing malls and forcing their owners to refurbish as the competition heats up. Construction is well underway at shopping malls in suburban Jurong. The two malls there and another in Punggol will house one million square feet of commercial space. Nationwide, 3.6 million square feet...
Singapore's retail and industrial property sectors are expected to continue to outperform the office market, which is feeling the impact of dampened demand from financial firms, analysts say. Across the board, the pace of increase for rentals and prices in the three sectors declined in the fourth quarter of last year, data released by the Urban Redevelopment Authority (URA) showed yesterday. But the...
Redevelopment works for entertainment complex Iluma is set to be completed by the middle of the year. Located in Bugis, Iluma opened more than two years ago, but it has not been able to attract the large crowd it had hoped for. Last April, CapitaMall bought over Iluma and has put in $38 million into the mall's redevelopment. When completed, there will be more retail shops and restaurants on the first...
Residents at Jurong will soon have a retail mall that's more than half the size of ION Orchard right at their doorstep. Located at Jurong Gateway, Westgate - a mixed development project is expected to offer international and high street fashion, dining options as well as office space. The S$1.5 billion project broke ground on Thursday. Jointly developed by CapitaMalls Asia, CapitaMall Trust and...
A new hotel-cum-serviced-suites and a new shopping mall have opened their doors in one-north. The four-star Park Avenue Rochester hotel is targeted for business and leisure travellers in the Buona Vista district. It also offers residential facilities as well as amenities for research, recreational and educational activities. The 271-room hotel started operations last month. Meanwhile, the Rochester...