Wednesday, August 22, 2012

Seletar Mall to be completed end-2014

Business Times: Wed, Aug 22

THE Seletar Mall, a new development by a 70:30 joint venture between Singapore Press Holdings (SPH) and United Engineers Limited (UEL), will be completed at the end of 2014.

The 99-year leasehold mall, located at the junction of Sengkang West Avenue and Fernvale Road, will have a gross floor area of 284,000 sq ft and a net lettable area of 188,000 sq ft, spread over four levels above ground and two basement levels.

Key anchor tenants include a cineplex on the fourth floor, a food court on the third floor, and a supermarket at the basement. The basement will also have about 390 parking spaces.

The Seletar Mall will be family-oriented and cater to existing and future residents staying in HDB flats, private condominiums and landed properties in the vicinity. There will be 730,000 residents and a working population of 47,000, including those from the upcoming Aerospace Park which will be ready next year, within five kilometres of the development.

The Seletar Mall will be connected to the Fernvale LRT, which is linked to the Sengkang MRT/LRT station and the Sengkang bus interchange. It is also located near expressways, including the Tampines Expressway and Central Expressway.

The SPH and UEL tie-up won the tender for the shopping centre site in January with a top bid of $328 million or $1,156 per sq ft per plot ratio.

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)

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