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Sign in Sign up for a FREE subscriptionJLL, Cushman, Wakefield brokered Singapore mall sale
JLL and Cushman and Wakefield as the joint-exclusive marketing agents, have sold a 100 percent interest in The Seletar Mall, a dominant suburban retail mall located Fernvale, Singapore, next to Fernvale LRT station.
The Property was sold following a competitive Expression of Interest marketing campaign conducted by both firms.
The Seletar Mall is a popular suburban mall serving the high-density residential areas of Sengkang and Punggol with a large and growing population catchment. It comprises 6 levels of retail (Basement 2 to Level 4) and 3 levels of carpark (Basement 3 to 5) with a net lettable area (NLA) of 189,467 square feet and 378 carpark lots. The Property is 100 percent tenanted with a diversified tenant profile, anchored by NTUC FairPrice, Haidilao, Harvey Norman, Uniqlo and Shaw Theatres.
“The suburban malls have witnessed stellar performance post-Covid with full occupancy for most malls and strong rental reversion,” said Shaun Poh, executive
