Commercial & Industrial Property News Update

Singapore - Q4 2013 Opening Set For Bedok Mall

August 17, 2012

Part of a new mixed-used commercial development in East Singapore, the three-storey mall will have about 250 shop units.

CapitaMalls Asia (CMA) said that its latest shopping project in the East is slated to be opened to the public in the fourth quarter of 2013. Bedok Mall - jointly developed by CMA and CapitaLand - is part of an integrated retail-residential-transport development.

With a total net lettable area (NLA) of 220,000 sq ft, the retail complex will house 250 shops within its three-storey construction. The mall is similar in size to the popular Junction 8.

To date, pre-commitments have been secured for about 30% of the NLA at the mall, by tenants including FairPrice Finest, Best Denki, Canton Paradise, RamenPlay and Din Tai Fung.

As one of the anchor tenants of the mall, Best Denki is optimistic about the new location. Said managing director C J Rai, "Being a well-integrated development in one of Singapore's largest HDB estates in the East, it will certainly help Best Denki fulfil its mission to its customers."

Shoppers at Bedok Mall will enjoy a high level of convenience thanks to the mall's seamless integration with the Bedok transport hub, which comprises the Bedok MRT station and the new Bedok bus interchange.

MRT commuters and shoppers can easily access Bedok Mall via a linkway at the mall's basement two level. On Level 2 will be housed the new bus interchange, which will commence operations in 2014.

The integrated development also features Bedok Residences, a 583-unit condominium which was launched in November 2011. It is now 90% sold.

"Located at the heart of Bedok, Bedok Mall and Bedok Residences will play a key role in revitalising the town centre. The integrated development will complement the existing offerings in the town centre and be integrated seamlessly with the new town plaza," said Philip Yim, general manager of Bedok Mall and Bedok Residences.

Tags: Commercial real estate, Income properties

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