OBJECTIVE
The objective for Bukit Panjang Plaza (BPP) is to continuously optimise its financial performance and strengthen its positioning as a value shopping and dining destination which appeals to families and residents in the western region of Singapore.

MALL DESCRIPTION
BPP is located in the high density residential area of Bukit Panjang New Town in the western part of Singapore. The five-storey mall is strategically located between two Light Rail Transit (LRT) stations, Bukit Panjang and Senja stations, and is adjacent to the Bukit Panjang bus interchange. BPP’s primary catchment comprises estates in Bukit Panjang, Cashew Park, and Chestnut Drive vicinity. The mall’s secondary catchment extends to Teck Whye, Choa Chu Kang and Upper Bukit Timah.

CMT owns 90 out of 91 strata lots at BPP, which is positioned as a neighbourhood mall catering to middle-income shoppers.Other than appealing to residents living in the vicinity, BPP also sees school children and uniformed personnel from nearby military camps.

ASSET ENHANCEMENT INITIATIVES
BPP completed its asset enhancement works in early 2006. A two-storey retail extension wing was added by decanting more than 13,000 sq ft of space occupied by the Bukit Panjang Community Library for C&CI purposes. A rooftop landscaped plaza of approximately 6,600 sq ft, complete with a children’s playground and sheltered event area, was also created to provide the community with an ideal venue for hosting social and public events. As part of the enhancement, 26 new shop units were added to further widen the retail offerings at the mall.

Since the completion of enhancement works, the average rental at BPP registered an increase of more than 20.0%. Average monthly shopper traffic also grew by more than 14.9%, from 868,911 in 2005 to close to 1.0 million in 2006. In 2007, BPP attracted an average monthly shopper traffic in excess of one million.

TENANCY MIX
Harvey Norman was introduced to the mall in April 2007 to complement the strong existing mix of anchors, which include NTUC Fairprice and Kopitiam.

In 2008, BPP will tap on expiring leases to bring in new retailers to further enhance the mall’s overall trade mix.