Far East's West Coast Plaza 70 per centleased before launch Never mind the news about consumers tightening their belts or forgoing frills in the face of an economic downturn. As far as developer Far East Organization is concerned, tenants of West Coast Plaza - its latest refurbished suburban retail offering - are all geared up for business for the upcoming festive season. Formerly known as Ginza Plaza,...
Singapore Retail
THE closing of roads leading to the SingTel Singapore Grand Prix circuit has upset some shop and restaurant tenants at Suntec City and Marina Square. Many of the them told The Straits Times that business has nose-dived owing to the inconvenience following the road closure. Others blamed the slower economy. Several roads, such as Beach Road and Bras Basah Road, had sections closed since yesterday in...
The Mandarin Gallery at The Meritus Mandarin Hotel is getting a S$200 million makeover. The upscale shopping mall will not be ready for another year, but people passing by along Orchard Road can get a preview of the shops and frontage, thanks to a specially-designed 3D-effect hoarding. This is the first such hoarding in Singapore. It was designed and made in Paris before being flown here. It stretches...
Never mind that 100,000 spectators are expected to descend on the Marina Bay area. Even all-out efforts by the management of shopping centres to tap the crowds have yet to dispel the lingering doubts of retailers that their cash tills will be ringing during Singapore’s inaugural Formula 1 race at the end of the month. Some retail tenants still think that Singapore’s tourism event of the year on Sept...
A sprawling 700,000 square foot mall will open in Little India by the end of next year. City Square Mall's launch will coincide with that of other major retail shopping centres along Orchard Road like 313@Somerset. However, its developers remain confident that the new malls will not pose a threat. Going by the numbers, it seems retailers agree. They have already committed to about 70 per cent of City...
The expected influx of retail space in Singapore in the next few years, and the promise of newer concepts from retailers overseas, are keeping current stores in Singapore on their toes. The Singapore Retailers Association said many local names are starting to gear up for the challenge. Brand specialists are hailing the efforts, saying these will refresh the shopping scene in Singapore. They are still...
With half its shopping space snapped up, it is on track to reach target for launch RETAILERS have already bagged 50 per cent of shopping space at ION Orchard, a highly-anticipated development slated to open beside Orchard MRT station next year. As for the remaining half of the 663,000 square foot of new retail space, landlord Orchard Turn Developments says it is “in negotiations”. Secured tenants...
With more than 100 retail establishments, Singapore Changi Airport's Terminal 3 is touted as the latest shopping destination for ‘mall-crazy’ Singaporeans. But six months since its opening, retailers said business is suffering. Changi Airport's T3 public area has 31 outlets. Retailers said they are barely making ends, though takings over the weekends may be slightly better. Channel NewsAsia checked...
3 new malls, 5 million sq ft SHOPAHOLICS can look forward to a fresh injection of 5 million sq ft of new retail space by the end of next year, according to Knight Frank’s calculations. By then, at least three big new malls are projected to be ready to welcome shoppers: West Coast Plaza, Illuma and ION Orchard. However, while customers rejoice over larger and more novel malls, will retailers and...
Positive consumer sentiment and the Great Singapore Sale have provided some support for the retail property market in Singapore, according to property consultants DTZ. It said given the general uncertain global outlook, tenants have resisted committing to higher rents, and this has kept the retail sector stable during the second quarter. Going forward, analysts said they see at most a marginal increase...