SingPost to build $150 mil mall offering e-commerce logistics solutions
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Singapore Post will build a $150 million shopping mall that offers a “complete suite” of e-commerce logistics solutions, the first of its kind in Singapore.
The new retail mall at Singapore Post Centre (SPC) will boast 269,097.8 sf of retail space and it will be located next to the Paya Lebar MRT station.
Construction works have commenced today with a target completion in around mid-2017. It includes upgrading amenities and facade for the adjoining office building.
The postal and e-commerce logistics provider says this development is aimed at creating opportunities for businesses in the changing retail landscape and catering to the evolving needs of consumers.
It will offer greater convenience, choices and experiences to consumers by providing online e-merchants and offline brick-and-mortar shops all under one roof, SingPost says.
It adds that online shopping through e-merchants will include in-shop online ordering and flexibility in delivery and pickup timings.
SingPost ended lower at $1.90 on Tuesday.
Questions & Answers
Q.What is the primary purpose of SingPost building this new shopping mall?
What is the primary purpose of SingPost building this new shopping mall?
The development aims to create opportunities for businesses in the changing retail landscape and cater to evolving consumer needs. It will offer a complete suite of e-commerce logistics solutions.
Q.When is the new retail mall at Singapore Post Centre expected to be finished?
When is the new retail mall at Singapore Post Centre expected to be finished?
Construction works have started and the target completion date for the new retail mall at Singapore Post Centre is around mid-2017. It also includes upgrading the adjoining office building.
Q.What benefits will the new mall offer to consumers and businesses?
What benefits will the new mall offer to consumers and businesses?
It will provide greater convenience, choices, and experiences to consumers by housing online e-merchants and offline shops together. Consumers can use in-shop online ordering and flexible delivery and pickup.
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