Sembawang Shopping Centre Explained

Sembawang Shopping Centre
Location:Sembawang, Singapore
Address:604 Sembawang Road, Singapore 758459
Opening Date:1986
Developer:CapitaLand Mall Trust
Manager:Knight Frank
Owner:Lian Beng-Apricot Sembawang
Architect:DCA Archietects
Floor Area:197676square feet (Total)
134534.99square feet (Retail)
Floors:3 with 1 Basement (1 retail Basement)
Number Of Anchors:4
Parking:165 lots
Publictransit: 167, 856, 858/858A, 859, 980[1]

Sembawang Shopping Centre is a four-storey commercial development located along Sembawang Road in Sembawang Spring Estate of Sembawang, Singapore. It was first opened in 1986 and underwent a refurbishment in 2007 and reopened in late 2008. In April 2018, the Centre was sold to Lian Beng-Apricot Sembawang.[2]

History

Sembawang Shopping Centre was developed by CapitaLand Mall Trust on a freehold land. It consists of four retail stories (including one Basement). It has a total floor area of 197676square feet in which 134534.99square feet are used for commercial purposes.[3]

The mall underwent a refurbishment in 2007 and reopened on 1 December 2008. The architectural firm involved in the redesigning of the mall is DCA Architects.[4] [5] In April 2018, with Colliers International as the estate agent, the Centre was sold to a joint venture of Lian Beng Group and Apricot Capital (Lian Beng-Apricot Sembawang) in an attempt to diversify the portfolio of CapitaLand Mall Trust.[6] This was for an amount of S$248 million, an amount that is double the valuation of the mall as well as the largest sum for any private dedicated mall in Singapore for the immediate few years of time.[7] [8] After the purchase, Knight Frank Property Asset Management Pte Ltd is the managing agent for the mall.

Locality

The shopping mall is a landmark along Sembawang Road, and is located within the vicinity of landed Sembawang Spring Estate.[9]

Notes and References

  1. Web site: MyTransport.SG:Map. MyTransport.SG. 10 May 2018.
  2. Web site: Sembawang Shopping Centre . PropertyGuru.
  3. News: CapitaLand Mall Trust sells Sembawang Shopping Centre to Lian Beng joint venture for S$248m. Rachel Mui. 19 April 2018. The Straits Times. 10 May 2018. en.
  4. News: Time Stands Still at Singapore's Veteran Shopping Malls. 13 June 2012. Remember Singapore. 10 May 2018. en-US.
  5. Web site: Commercial DCA Architects. www.dca-architects.com. en. 10 May 2018.
  6. News: BRIEF-CapitaLand Mall Trust Divests Sembawang Shopping Centre For... . en-US . U.S. . 10 May 2018.
  7. News: 凯德商用新加坡信托以2亿4800万元脱售三巴旺购物中心给联明组成的合资公司. 19 April 2018. Lianhe Zaobao. 10 May 2018. zh.
  8. News: Sembawang Shopping Centre sold for $248m. The New Paper. 10 May 2018. en.
  9. Web site: Sembawang Road Infopedia. Singapore. National Library Board. eresources.nlb.gov.sg. 10 May 2018.
  10. Web site: Building & Construction Authority of Singapore. 28. 11 May 2018.
  11. Web site: About BCA Green Mark Scheme. Building and Construction Authority. 11 May 2018.