According to a Savills report, there are at least nine major mall projects in the pipeline from Q4 2016 to 2020, totalling around 6.2 million sq ft of retail supply.
The upcoming retail supply for 2016 is mainly from the new mixed-use developments in the Central planning region, mainly from two new integrated projects: Downtown Gallery and Tanjong Pagar Centre.
SEE ALSO: The transformation of Singapore’s Funan mall
From 2017 to 2020, approximately 6.2 million sq ft of new retail space is expected to enter the physical stock. Major developments consist of the new retail mall at Singapore Post Centre and The Heart at Marina One.
Hillion Mall in the Bukit Panjang planning area is the only significant development in 2017 that is not located within the Central planning region.
9 upcoming mall projects in Singapore
1. Downtown Gallery
Location: Shenton Way
Estimated NLA (sq ft): 160,000
Estimated completion: 2016
2. Singapore Post Centre AEI
Location: Eunos Road 8
Estimated NLA (sq ft): 269,100
Estimated completion: 2017
3. Hillion Mall
Location; Jelebu Road
Estimated NLA (sq ft): 152,500
Estimated completion: 2017
4. Marina One (The Heart)
Location: Marina Way/Straits View
Estimated NLA (sq ft): 140,000
Estimated completion: 2017
5. Paya Lear Quarter
Location: Paya Lear Road/Sims Avenue
Estimated NLA (sq ft): 340,000
Estimated completion: 2018
6. Northpoint City
Location: Yishun Central 1
Estimated NLA (sq ft): 315,250
Estimated completion: 2018
7. TripleOne Somerset Podium AEI
Location: Somerset Road
Estimated NLA (sq ft): 88,500
Estimated completion: 2018/9
8. Jewel Changi Airport
Location: Airport Boulevard
Estimated NLA (sq ft): 576,000
Estimated completion: 2019
9. Funan
Location: North Bridge Road
Estimated NLA (sq ft): 324,000
Estimated completion: 2019
(Source: SB Wire)