Junction
8 is located in the high-density residential area of Bishan, a relatively
affluent district in the centre of Singapore. The shopping centre
is positioned for the middle-income and family-oriented segments
of the retail market, targeting families residing in the surrounding
housing estates, office workers within the vicinity and students
from nearby schools.
Junction
8
9 BISHAN PLACE
SINGAPORE 579837
Junction 8 is a partially enclosed shopping
centre which incorporates two basement
levels of car parking cum retail space and
four storeys of retail space. In addition, it
has a six-storey office tower comprising less
than 20% of total NLA.
Junction
8 is a 'one-stop' shopping, dining
and entertainment destination and is the
only shopping centre of its kind in Bishan. It
is strategically located between the Bishan
bus interchange and MRT station making it
easily accessible. Close to three quarters of
its customers travel to and from the mall by
either MRT or bus.
The
shopping centre has more than 800,000
people residing in its main catchment area,
which accounts for approximately 63% of
its customer base.
The
objective for Junction 8 is to optimise
financial performance, strengthen market
positioning as the leading suburban mall in
the Central region and continuously enhance
customers shopping experience.
31
DECEMBER 2002
NET
LETTABLE AREA
248,471 sq ft
NUMBER
OF TENANTS
98
CAR
PARK SPACES
393
CMT
OWNERSHIP
100.0 %
TITLE
Leasehold expiry 2090
VALUATION
S$303.0 mil
ANNUAL
RENTAL INCOME
S$26.9 mil
OCCUPANCY
100.0 %
PEDESTRIAN
TRAFFIC
18.0 mil full year
MAIN
TRADE POPULATION
825,000
MAJOR
TENANTS
Daimaru Singapore (vacating Mar 2003)
SAFE Superstore
Golden Village
Food Junction
G2000
New
Tenants opening in 2003
NTUC FairPrice (Apr 2003)
Seiyu (May 2003)
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