Sunday, March 27, 2011

The Clementi Mall attains Full Occupancy

Clementi Mall is fully leased. Yea! ^^
I never had any doubts that Clementi Mall will be anything but a huge success for SPH and NTUC Income. Clementi Mall is located in an estate with heavy human traffic due to its proximity to the Clementi MRT station, bus interchange, HDB residential homes, Singapore Polytechnic, Ngee Ann Polytechnic, SimUni and NUS.  It is a no-brainer, really. 

Anchor tenants already opened:
  • FairPrice Finest (Basement)
  • BHG
  • Foodfare foodcourt

Anchor tenants to opened in April 2011:
  • Best Denki
  • Popular Bookstore
  • Clementi Public Library
Fashion and accessories labels such as Charles & Keith, Cache Cache, Cotton On, Denizen, Giordano, Skechers and Samuel & Kevin can be found on Level 3. Lifestyle, sports and electrical shops such as Aussino, Arena, Challenger and World Of Sports will be on Level 4. Family and kids brands such as Chateau De Sable, Kiddy Palace and Mini Princess will be on Level 5. The Clementi public library and Popular Bookstore will also be located on this level.
* The bridge which links the mall directly to the Clementi MRT station on Level 3 has already opened to the public, allowing shoppers access via the station during retail hours.

Those of you staying in Clementi, have you visited Clementi Mall yet? If yes, how do you find it?

Peace Out,
Dividends Warrior


Anonymous said...

The Clementi Mall has potential....but it's too small. Variety of retail options are limited. But F&B will be successful here as there is definitely crowds here.

Dividend Tech Warrior said...

I dun think it is "TOO" small. The size is not humongous, but still reasonable.

Anonymous said...

I just feel that the space could be better utilised. I mean, the space between The Clementi Mall and the new HDB shops should somehow be integrated, and not separated into mall on one side, HDB shops on the other side. More retail levels could result with more retail space being able to let out in this case.

And somehow it's a pity they couldn't extend the building "over" the new bus interchange. Right now, the bus-park is open-air. If they could somehow build over the new bus park, each level would be larger than it's current size.

But of course, it's not SPH's fault, but HDB's. Suffice to say, a mall is better than no mall at all. It's long overdue in Clementi, and the mall does bring more bustle to the town centre.

Just my 2 cents :)

Dividend Tech Warrior said...

Yup. I agree tat the mall should be integrated better with the bus interchange, like Toa Payoh and Ang Mo Kio. Well, HDB surely have some construction limits and rules to follow. Sighz.......

Anonymous said...

I live above the mall. As a resident, I think parking is a huge problem. Already some of the shoppers park illegally at the season parking lots. Thus, I think the mall should target itself as a convenience shopping rather than a mid-market mall in order to attract those commuting via bus and MRT.

I think the mall is just the right side. Considering it is more convenience than a niche type of mall. It should have attracted more of those that caters to education instead of clothings due to it's proximity to the NUS, NTU, SP and NP etc but so far i only found NLB, popular etc in there.

It's too small to be any more successful than it is now. WIth the Empress cinema being redeveloped, it could mean also more traffic for the Clementi Mall rather than a competition.

I think CM holdings paid too high for this mall. Given it's size, it could have been below the SGD 500mio mark.

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