RETAIL | Staff Reporter, Singapore

SingPost Centre retail mall to open in phases this month

It could contribute $17m to property income per annum.

SingPost Centre retail mall is set to open in phases this month.

According to OCBC Investment Research, the mall will open in phases post redevelopment, as it completes the omnichannel e-commerce experience by bringing together retailers, customers, and e-commerce last-mile fulfillment.

OCBC analyst Low Pei Han commented, "The mall will offer greater convenience, choices, and experiences to consumers by providing online e-merchants and offline brick-and-mortar shops all under one roof."

When fully opened, the mall is poised to contribute $17m per annum to rental and property-related income. This is higher from the annual $8-9m contribution to the $39m income during 2016, before the mall was closed for redevelopment.

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