New Creation and City Harvest don't flout new rules but will have to abide by usage curbs: URA THE commercial investments of New Creation Church and City Harvest Church do not infringe the Urban Redevelopment Authority's (URA) new guidelines, it has been clarified. But plans for the one-north hub and Suntec Convention Centre will have to comply with restrictions on the use of commercial space for worship,...
Singapore Retail
Singapore's Orchard Road will be adding another new face to its shopping belt. A retail, hotel and office development will soon come up at the sites of the former Specialists' Centre and Hotel Phoenix, as well as Orchard Emerald mall. The project, costing some S$700 million, is expected to be completed in the second half of 2013. A groundbreaking ceremony on Friday marked the start of the redevelopment...
Business owners at the recently re-opened Customs House said their business has gone up by as much 80 per cent since it opened in May. Part of the Fullerton Heritage precinct, the former home of the Singapore Customs Police is now a trendy dining and entertainment destination. Customs House was one of the earliest of Singapore's public buildings to be built in a modern style to blend with the city's...
Fourteen strata shop units on the second storey of Holland Road Shopping Centre have been put up for sale. The four-storey block shopping centre is located at 211 Holland Avenue. The units have separate titles but are to be sold jointly. They occupy a total gross floor area of 5,543 square feet. All the units are currently tenanted and the tenancy will expire in 2013. Property consultant Colliers...
A consortium called Perennial Chinatown Point has acquired the Chinatown Point retail mall and four office units for S$250 million from developer City Developments. Chinatown Point is a mixed-development comprising 283 strata-titled retail units and a 25-storey office block. It is located at the junction of New Bridge Road and Upper Cross Street and next to the Chinatown MRT station which currently...
A NEW Peranakan-themed mall will soon take the place of the former Katong Mall and mark the debut mall for Pua Seck Guan's Perennial Real Estate in Singapore. Mr Pua is CEO of Perennial Real Estate and formerly CEO of Capitaland Retail. The mall, located at the junction of East Coast Road and Joo Chiat Road, will have a net lettable area (NLA) of 207,000 sq ft, 20 per cent larger than before. It has...
The landlord of the former Katong Mall, due to re-open in the third quarter next year, unveiled key tenants like Golden Village Multiplex, Market Place by Cold Storage and the BreadTalk Group on Friday. After a $60-million facelift, landlord Perennial Katong Retail Trust said the tenants will take up 32 per cent of retail space at Katong Mall. The revamped mall will have a net lettable area of about...
The former Katong Mall, due to re-open in the third quarter next year, is heading up market. Its landlord unveiled key tenants like Golden Village Multiplex, Market Place by Cold Storage and the BreadTalk Group on Friday. After a S$60 million facelift, its landlord Perennial Katong Retail Trust says visitors can find gourmet products and high end brands here, watch a movie in a private lounge complete...
Singapore's latest underground retail space - Esplanade Xchange - was officially opened on Thursday. It is sited above the Esplanade MRT Station, and is the first Xchange along the new, partially-opened Circle Line. The Esplanade Xchange is also a short walk away from Marina Square and Suntec City. Fourteen of the 26 tenants at the Xchange operate F&B outlets. That's the highest proportion of...
Carrefour said it is not closing any of its stores in Singapore and Malaysia. In a statement, the company said it is "business as usual" for every store in the two countries. It also said it had recently opened four hypermarkets in Malaysia this year and plans another four by year end. Earlier this week, there was speculation that the French supermarket giant was in the early stages of selling its...