Bedok Mall Joins Ambitious M-U Development in Singapore
- Aug 28, 2012
By Alex Girda, Associate Editor
The Singapore mixed-use market is on track to see a large project take shape as the Bedok Mall, the area’s first major shopping mall, was announced for fourth quarter of 2013. Bedok is Singapore’s largest estate and the retail project is just a phase in a massive upcoming retail-residential-transport development, the first of its kind in the region. The Bedok Mall project will join the existing Bedok Residences and the forthcoming Bedok transport hub, consisting of the Bedok MRT station and the new bus interchange to complete the vision.
The shopping mall will boast a 220,000-square-foot leasable area with more than three floors, divided into 250 shop spaces. Two of the anchor tenants will be located in the levels called Basement 2, a concentration of everyday item shops, and Basement 1 that will house the fashion and lifestyle tenants. The third floor, dubbed Level 1, will feature the more upscale products from fashion to accessories markets. Shoppers will have 250 parking spaces, with easy access to the nearby town center’s parking facility, offering 440 spots.
According to data from the developer, the Bedok Mall has already sparked interest from retailers with 30 percent of the available space being spoken for at this point. Aside from anchor tenants FairPrice Finest and Best Denki, a number of retailers such as Canton Paradise, Ramen Play and Din Tai Fung have jumped into the mix. The East Coast area of Singapore, mainly Bedok, has 300,000 residents that will benefit from the integration of residential, retail and transportation into one focal point.
The residential component of the Bedok development was completed in November 2011, and has already proven to be a great success considering the fact that less than a year after its opening, 90 percent of its units have been sold. Developed by Brilliance Residential Pte Ltd, a subsidiary of CapitaLand Limited and CapitaMalls Asia Limited, the eight-block complex offers 583 residential units on a 268,047 square-foot site. Floor plans include one-, two-, three-, and four-bedroom apartments, as well as 17 penthouse-style units ranging in size from 1421 to 3218 square feet.