SingPost Centre starts opening in phases
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The SingPost Centre mall has started opening in phases following the repurposing of space as part of an omni-channel e-commerce experience.
The mall aims to offer convenience by bringing together retailers, customers and e-commerce last-mile fulfillment all under one roof.
OCBC Investment Research says the mall will complete the omnichannel e-commerce experience involving both online and offline retailers.
When fully opened, the mall is expected to produce S$17 million (US$12.6 million) a year in rental and property-related income.
Questions & Answers
Q.What is the primary purpose behind the repurposing of space at SingPost Centre?
What is the primary purpose behind the repurposing of space at SingPost Centre?
The mall's space has been repurposed to create an omni-channel e-commerce experience. It aims to offer convenience by consolidating retailers, customers, and e-commerce last-mile fulfilment services all within a single location.
Q.What financial benefit is anticipated from SingPost Centre once it is fully operational?
What financial benefit is anticipated from SingPost Centre once it is fully operational?
Once fully opened, the SingPost Centre mall is projected to generate S$17 million, equivalent to US$12.6 million, annually. This income will be derived from rental and other property-related activities.
Q.Which types of retailers are expected to be part of the omni-channel experience at SingPost Centre?
Which types of retailers are expected to be part of the omni-channel experience at SingPost Centre?
According to OCBC Investment Research, the mall is designed to integrate both online and offline retailers. This setup is intended to complete the omni-channel e-commerce experience for visitors and businesses alike.
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