SINGAPORE: Shopping mall management group, AsiaMalls Management, the joint venture between ARMF and Singapore Exchange-listed Guthrie Group, announced recently that it will be repositioning Tiong Bahru Plaza (above), one of the suburban malls in its portfolio which includes six other malls — Hougang Mall, White Sands, Century Square, Liang Court, Central Plaza and the upcoming Tampines 1.
Two floors of the Central Plaza office tower (acquired early last year) located next door to Tiong Bahru Plaza will be converted to civic use. This allows the latter to provide additional gross floor area for retail use. Targeted for completion by 3Q2008, the estimated cost of the revamp is S$18 million (RM41.3), and will add another 19,000 sq ft for retail and F&B outlets, while the existing areas will be reconfigured.
By The Edge Singapore
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