Profile of a Growth Story

Growth at a Glance

Managing Positive Growth
Letter to Unitholders

Testimony of Growth

Milestones of Growth

Poised for Growth

Portfolio Analysis

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Growing Accountability
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CMT ANNUAL REPORT 2003

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Tampines Mall

 

Tampines Mall is one of Singapores leading suburban shopping centres. It is located in the high-density residential area of Tampines, a regional town in the east of Singapore. The shopping centre is positioned for the middle-income and family-oriented segment of the retail market, targeting consumers residing and working in the eastern region of Singapore.

Tampines Mall is a prime suburban mall which incorporates two basement levels of car parking space and five levels of retail space including basement 1. It is ideally situated adjacent to the Tampines MRT station and bus interchange, which generates a high volume of shopper traffic. The shopping centre has more than 700,000 people residing in its main catchment area, which accounts for approximately 75 percent of its customer base.

The objective for Tampines Mall is to optimise financial performance, strengthen market positioning as the leading suburban mall in the east and north-eastern regions, and continuously enhance customers shopping experience.

Asset Enhancements

The new shops and food & beverage outlets with an alfresco dining area on level 1 marks the completion of Phase 1 of the asset enhancement works at Tampines Mall. With the intent to strengthen the retail mix at Tampines Mall, many new lifestyle tenants, including popular names in the food & beverage trade, have been introduced over the past few months to complete the retail offering. This includes Ya Kun, Lao Yu Tiao, Caf Cartel, Starbucks Coffee, Burger King, Samuel & Kevin and Chew Cheong Watch Centre. Phase 1 of the asset enhancement works was completed ahead of schedule and all new tenants have commenced operations since December 2003.

Phase 2 of the asset enhancement works which will commence in the second half of 2004 will include new travellators from basement 3 to basement 1 to provide better accessibility to and from the carparks. A new outdoor plaza on level 4, complete with a childrens playground and landscape gardens is also in the pipeline. As the promotional spaces at Tampines Mall are always in demand, we believe that the outdoor plaza on level 4 will offer our partners an additional space for more promotional activities as well as provide an area for families to take a break from the hustle and bustle of shopping.

 
Café Cartel at the all-new alfresco dining corridor

Advertising and Promotions Focus

In addition to the many shows and promotions in 2003, Tampines Mall placed free press advertisements for tenants on their Mothers Day offers which increased sales and traffic by up to 60 percent at tenants outlets. The 3-Hour Madness Sale also saw greater tenant participation, brought an additional 15 percent of shopper traffic and tripled the sales turnover for some tenants. This iconic sale event will grow in strength in 2004 and the mall will also help communicate tenants offers during the festive occasions and combine advertising efforts with the other malls managed by CapitaLand for greater prominence. With the opening of the new outdoor plaza in 2004, tenants can look forward to even more activities which will attract more shoppers.


Our team at Tampines Mall

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