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by Cheryl Tay
After undergoing a S$90 million renovation, Chinatown Point (pictured) will soon re-open with a new look and more exciting tenant mix.
Located at the junction of New Bridge Road and Upper Cross Street, the 311,725 sq ft mall was sold by City Developments for S$250 million in July 2010.
Consequently, Pua Seck Guan, Executive Chairman of Perennial Real Estate Holdings, formed a joint venture (JV) — including NTUC FairPrice, Singapore Press Holdings (SPH) and German fund manager SEB — to embark on the project.
The revamp include relocating the parking lots from the basements to the third to sixth floors and adding LED screens and advertising panels to the mall’s exterior. It has also been carpeted for a lush ambience and redesigned to allow more natural light in.
In addition, Chinatown point will also be linked to the upcoming Downtown Line MRT station and the existing Chinatown station on the North-East Line.
The development will also feature an office comprising strata-titled units.
The 220 tenants will include former tenant McDonald’s and new ones such as Cortina Watch, NTUC FairPrice and Daiso.
Chinatown Point will be managed by Perennial (Singapore) Retail Management.
Scheduled for a soft opening in Q4, the mall will provide three levels of shops ready for customers, with the official opening to be held early next year.
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