Amara Shopping Centre to get S$32m facelift
By Millet Emelita Enriquez | Posted: 14 December 2010 1833 hrs
SINGAPORE : Mainboard-listed Amara Holdings has announced that it plans to give a $32 million face lift to its shopping mall at 100 Tras Street and re-brand it as "100 AM".
Amara said the additions and alteration works to its existing four-storey Amara Shopping Centre is slated for completion in the second quarter of 2012.
The revamp will add another 22,000 square feet of supermarket space at Basement 1 to the existing lettable space at the mall, it added.
Albert Teo, chief executive of Amara, said that 100 AM will be the only full-fledged shopping centre in the Tanjong Pagar vicinity, strategically positioned to capitalise on the changing demographics and lifestyle of the residents and visitors to the Tanjong Pagar area.
He added: "The changing demographics of the area have created an opportunity for us to embark on the makeover of the shopping centre to cater to inner city living as well as leisure and business travellers.
"This area of the CBD (Central Business District) has displayed much promise and growth with a cluster of high-end residential developments like Icon, Pinnacle and the upcoming Altez, Sky Suites and Keppel Towers redevelopment as well as hotel developments shaping up the Tanjong Pagar precinct."
Dec 16, 2010
NEW MALL OPENING
Bedok Point's soft impact
By Ng Kai Ling
An artist's impression of the six-storey Bedok Point shopping centre. -- PHOTO: FRASERS CENTREPOINT MALLS
VISITORS to the new shopping mall Bedok Point, left empty-handed on Thursday as many of the shops were still not open.
The six-storey mall - the first in the 37-year-old estate - had its soft opening on Thursday and despite little publicity, drew many curious shoppers.
Many of them were residents in the area who had been anticipating the opening of the 81,000 sq ft mall. It was supposed to have opened in October.
They did not stay long though, as fewer than 20 out of its 75 tenants were ready for business. These included eatery Pastamania, traditional Chinese medicine store Eu Yan Sang and Pet Lovers Centre. Many of the units in the mall were still boarded up and even those which had opened, were still being touched up.
Mr Ghazali Ibrahim, 35, a hotel duty manager, said: 'We have been waiting for this mall to open but it?s a bit disappointing. It?s still a bit dusty and it reeks of the smell of paint.'
A Bedok Point spokesman said: 'While some tenants are still doing final touch-up works to their shops, at least 70 per cent of shops at Bedok Point will be ready for opening this weekend.'
Published December 31, 2010
$75m face-lift for Chinatown Point
By UMA SHANKARI
Rising attraction: Mr Pua expects the revitalised Chinatown Point retail mall to become a landmark for locals and tourists in the bustling Chinatown precinct
THE 20-year old Chinatown Point retail and office complex is set to get a new lease of life after a planned $75 million major asset enhancement programme.
The consortium of investors that bought 283 strata-titled retail units and four office units in the property - which works out to over 65 per cent of the entire complex - in July 2010 will fork out the money in a bid to rejuvenate the mall and boost rental income.
The consortium, which was put together by former CapitaLand veteran Pua Seck Guan's Perennial Real Estate group, paid $250 million for City Developments' entire stake in Chinatown Point.
Members of the consortium include German fund manager SEB, NTUC FairPrice Co-operative and Singapore Press Holdings.
'The revitalised Chinatown Point retail mall, with its enlarged footprint, improved layout and extensive offerings, is expected become a landmark for locals and tourists in the bustling Chinatown precinct,' said Mr Pua, who is Perennial's chief executive.
One of Perennial's units, Perennial (Singapore) Retail Management, is the retail manager of the partners' 65 per cent stake.
Perennial's plan will allow owners of the other office units to benefit at no cost from upgrading works. The office tower's common amenities, car park facilities and building's facade will all be improved.
All owners will also get to reduce their annual contributions to the management corporation strata title (MCST) management fund by over 30 per cent and enjoy 'significant' savings to the MCST sinking fund, Perennial said.
Shoppers will also benefit from the asset enhancement as changes will be made to improve the overall layout of the retail mall. The flooring, ceiling, light fixtures and toilets will also be upgraded to provide shoppers with a modern Chinese-themed ambience to blend in with its unique location.
Basement 1 of the retail mall will also be direct linked to the Chinatown MRT station.
After the revamp, the average rent at the retail mall is expected to increase to around $15 per square foot per month (psf pm), from less than $10 psf pm now. The net lettable area will also climb from about 174,000 sq ft now to around 205,000 sq ft - an increase of 18 per cent.
The enhancement work is expected to start in the second quarter of 2011 and be completed by Q2 2013. As the proposed works will be carried out in phases, Chinatown Point's retail mall will remain operational throughout.
Mr Pua hopes that the asset enhancement programme at Chinatown Point will set the stage for many other strata-titled mixed-use developments in Singapore, where the value of the real estate can be increased through the execution of well-planned asset enhancement programmes.
Went there last last. Very spacious. Has a good feel about the place. Like the lighted ceiling there...
Mar 2, 2011
New name for former Katong Mall
By Cheryl Lim
The new look for the 20 year old landmark mall - to be called 112 Katong - will draw heavily on the neighbourhood's rich Peranakan heritage. -- PHOTO: PERENNIAL REAL ESTATE
KATONG Mall may be about to get a modern makeover but history will be an important theme in the $60 million facelift.
The new look for the 20 year old landmark mall - to be called 112 Katong - will draw heavily on the neighbourhood's rich Peranakan heritage.
The Peranakans, also known as the Straits Chinese, have lived in this part of the world since the 15th and 16th centuries after migrating from China. They maintain a distinctive culture.
The mall's three anchor tenants - Golden Village, Cold Storage and Breadtalk - have committed to unique design concepts to reflect this theme.
The interior of Golden Village's Multiplex will combine traditional Peranakan motifs with modern interpretations. The lobby of its Gold Class halls will be decorated like a shophouse.
Upscale mall in Katong opens in Q3
Thu, Mar 03, 2011
By Lei Jiahui
CORTINA Watch is one of the latest tenants to join the list of upmarket brands that will be found at a revamped mall in Katong.
It is the first time that Cortina, a retailer and distributor of luxury timepieces, is venturing out of the shopping belt of Orchard Road and the Marina Bay precinct into the heartland.
"Katong, with its culture, great food and diversity of residences, is what attracted us," said Mr Jeremy Lim, chief operating officer of Cortina Watch.
He was speaking at the launch of the name and logo of the mall, which was held at VivoCity yesterday. Owned by Perennial Katong Retail Trust, the former Katong Mall is being redeveloped and is slated to open in the third quarter of this year as 112 Katong.
The mall aims to bring Orchard Road to the east of Singapore. The whole mall, whose facelift will cost a reported $60 million, will have a Peranakan theme as developers aim to retain the rich culture of the area.
Anchor tenants will include Golden Village, which will have Gold Class halls and 3-D screens, as well as upscale supermarket Market Place. Food outlets will include BreadTalk, Din Tai Fung and T.G.I. Fridays.
Mr Stanley Tan, 28, who has been living in nearby Guillemard Road for 15 years, is excited about the upcoming mall.
"Our area does not have a luxury shopping mall," said the engineer, adding that he is most excited that the mall will have an upscale movie theatre.
So next time we'lll see more buildings with this naming format: (address number) (location name) :lol:
Agreed that going luxury doesn't necessarily mean more business for the mall. Perhaps a more neutral-class mall would be the best. A good mix of all "classes" of shops.
The Clementi Mall now 100% leased
PropertyGuru.com.sg – Fri, Mar 25, 2011 12:00 AM SGT
The Clementi Mall has been fully leased, ahead of its scheduled completion, with almost half its tenants already in operation. The rest are due to open shortly after.
All the shops on Level 1 and Basement 1, including main tenant FairPrice Finest, have been in operation since January, after the mall obtained its first temporary occupancy permit.
The bridge connecting the mall directly to the Clementi MRT station on Level 3 has been opened to the public, enabling shoppers to access the stores via the MRT station during business hours.
Major tenants BHG and Foodfare food court will begin operations today and tomorrow respectively.
The highly-anticipated Clementi Public Library is set for a 23 April launch. Other anchor tenants, including Popular Bookstore and Best Denki, will open in mid-April.
The mall features various well-loved brands. Fashion and accessories labels, including Cache Cache, Charles & Keith, Cotton On, Giordano, Denizen, Samuel & Kevin and Skechers, will be located on Level 3, while Level 4 will feature sports, electrical and lifestyle shops such as Challenger, Arena, Aussino and World of Sports.
Brands for families and children, including Kiddy Palace, Chateau de Sable and Mini Princess will be on Level 5, where shoppers can also find the Popular Bookstore and Clementi public library.
The development, which is owned by CM Domain, has approximately 190,000 sq ft of retail space, including a basement shopping level and a basement parking lot with around 160 parking spaces.
IIt all depends on what do we think of a luxury mall, Since Katong is for people with all pocket sizes, having an all only Luxury mall doe snot befits the area. A middle class to luxury mall that is better than parkway parade might be the solution since there is no more cinema in the vicinity area anymore, Katong 112 could pull in the crowds. Next we could find are Zara and Mango, Apple shops as well as Ralph Lauren and most of the luxury stores and lifestyles stores associated with beach and resort living...
May 21, 2011
A drum beat to officially open Clementi Mall
By Ng Huiwen
AT 2.30pm on Saturday, Mr Lim Swee Say and Dr Tony Tan beat a drum to officially open The Clementi Mall.
The five-storey retail mall is a joint venture between Times Properties, a subsidiary of Singapore Press Holdings (SPH); NTUC Fairprice Co-operative; and NTUC Income Insurance Co-operative.
Mr Lim - Minister in the Prime Minister's Office - is also NTUC secretary-general while Dr Tan is chairman of SPH.
Dr Tan struck a drum to officiate the opening of The Clementi Mall in the presence of mall visitors and more than 120 guests.
The 290,000 sq ft mall - with two basements - is the first full-fledged mall to open in the Clementi area and is part of the first mixed-use development built by the Housing Board.
Besides the retail podium, it also houses two residential blocks of 388 units and the West Coast Town Council (Clementi Office). The mall has 135 shops, including 16 restaurants and cafes, and boasts anchor tenants such as FairPrice Finest, Popular Bookstore and Clementi Public Library.
New shopping mall to be built in Jurong East
Posted: 01 June 2011 1034 hrs
SINGAPORE: A new shopping mall and office block will spring up next to the Jurong East MRT station.
Announcing the plans, CapitaMalls Asia, CapitaMall Trust and CapitaLand said the total development cost is expected to be about S$1.5 billion.
They had submitted the top bid of about S$969 million for the site.
Subject to planning approval from the Urban Redevelopment Authority (URA), the shopping mall is expected to have five levels including one basement level.
The one-stop family mall will both cater to residents' everyday needs and offer specialty shops.
Shoppers will enjoy seamless accessibility to transport options from the mall.
The shopping mall is expected to commence operations in time for the Christmas shopping season in 2013.
The office tower is expected to commence operations in 2014.