>

>

The Centrepoint gets $50 million makeover

March 19, 2015 5:59 PM SGT

Join our Telegram channel and follow our Facebook for the latest update.

SINGAPORE (Mar 19): Frasers Centrepoint Malls has announced plans for The Centrepoint shopping centre to undergo a $50 million asset enhancement initiative (AEI), as part of the group's ongoing efforts to boost the shopping experience for the mall's customers.

The programme is scheduled to start in May this year, and will see major renovation works to the ground and basement levels and an integration of floor plates between the main building and basement annexes.

Frasers Centrepoint Commercial CEO Christopher Tang said the asset enhancement of The Centrepoint was part of an on going strategic initiative aimed at refreshing the malls under the group's portfolio.

"We are pleased to announced the AEI and are confident the overall exercise will inject greater vibrancy into the mall. The Centrepoint is one of the most iconic malls of Orchard Road...since it opened its doors in 1983, the mall has undergone several makeovers ," he said in a statement filed with SGX this evening.

According to the statement, the Orchard Road entrance will see a major revamp with a wider street frontage and greater shop visibility.

The mall will remain open and continue to trade during the renovation.

The AEI is scheduled for completion in the second half of 2016.

Fraser Centrepoint Ltd closed 2.5 cents higher at $1.75.

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

World’s largest Mercure Hotel opens on Club Street

2

URA awards Zion Road site to CDL-Mitsui Fudosan JV, and Upper Thomson Road site to GuocoLand-Hong Leong JV

3

Residential transactions with contracts dated March 26 to April 2 [DONE DEALS]

4

Kingsford sells 30% of units at The Hill @ One-North, with average price of $2,595 psf

5

Residential transactions with contracts dated April 2 to 9 [DONE DEALS]

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00