COMMERCIAL PROPERTY | Staff Reporter, Singapore

CapitaMalls et al to develop shopping mall and office at Jurong Gateway

The total development cost is expected to be approximately S$1.5 billion.

Under the URA’s Jurong Gateway project, the precinct will feature a mix of office, retail, hotel, entertainment, food & beverage and other complementary uses. Jurong Gateway is about 2.5 times the size of Tampines Regional Centre. CapitaMalls Asia, CapitaMall Trust and CapitaLand had submitted the top bid of about S$969 million for the site.

The planned 25-storey retail-cum-office development has a site area of about 195,465 square feet and maximum permissible total gross floor area of about 957,780 sq ft. The office component will be equivalent to at least 40% of the total GFA of the development, with the remaining GFA for retail. Subject to planning approval from URA, the shopping mall is expected to have five levels including one basement level.

There will be seamless accessibility to transport options from the mall – Level 1 will be linked directly to the Jurong East bus interchange, while both Level 1 and Level 2 will be linked to Jurong East MRT station. Together with link bridges connecting the mall to Ng Teng Fong Hospital and a neighbouring development, the shopping mall will have five direct connections to transport infrastructure and amenities. The shopping mall is expected to commence operations in time for the Christmas shopping season in 2013.

Subject to planning approvals, the prime office tower sited on top of the shopping mall is expected to span 20 storeys (from Level 6 to Level 25) with about 383,000 sq ft of GFA. The retail-cum-office development will open in 2014.

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