NEWS

COMMERCIAL PROPERTY, RETAIL | Staff Reporter, Singapore
Published: 26 Oct 11
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Care for a suburban shopping spree at the \'Venice of Punggol\'?

Care for a suburban shopping spree at the 'Venice of Punggol'?

Well, you’ll have to wait till 2015 before the first suburban waterfront mall at Waterfront Town opens.

According to a release, ‘Waterway Point’ will be the first suburban waterfront mall to be developed in Singapore.

Jointly developed by Frasers Centrepoint Limited, Far East Organization and Sekisui House,  Waterway Point will provide a fresh retail and lifestyle experience, aimed at adding vibrancy to the Waterfront Town, which is described as the ‘Venice of Punggol’. It will serve not only residents in Punggol and the northeast, but also attract visitors islandwide.

Waterway Point is the retail component of Watertown, Singapore’s first luxurious waterfront development that seamlessly integrates a high quality shopping mall, residences, and a comprehensive public transport network. Its residential component will feature over 900 units comprising suites, SOHO apartments, sky patios, and condominium apartments.

Waterway Point is the first mall to be fully integrated with the primary transport infrastructure comprising Punggol MRT/LRT and the bus interchange opposite. There are walkways linking the entire waterfront promenade, surrounding waterway and parks.

The mall comprises 4 levels inclusive of 2 basements, and has a tenant mix of approximately 30% F&B, 40% retail, 15% entertainment, 15% others (education institutions, banks, civic & community amenities such as a library). Waterway Point is also the first mall to be integrated with a town square and a visitors’ centre which will provide an avenue for residents and the public to learn more about the heritage of Punggol through exhibitions and civic/community events.

The mall, targeted to be completed in 2015, will boast a first-of-its-kind cinema with an estimated 1,000 seating capacity and boasts the first ever suburban late-night shopping, dining and entertainment concept by the waterfront.
 

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Tags: Waterway Point , Frasers Centrepoint Limited, Far East Organization, Sekisui House

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