Debenham Tie Leung (DTZ) has been appointed sole marketing agent for the sale of the retail podium at the four-storey Yishun Ten Complex in Singapore.
Offers for the property are being sought via expression of interest, closing on June 21.
The ground-floor retail podium includes a 10-hall Golden Village cineplex, and there are three levels of basement carpark. In the heart of the town, the complex has a prominent frontage along the busy thoroughfare of Yishun Central and Yishun Central 1, and is within walking distance of the Yishun MRT station and bus interchange.
The retail podium comprises 10 strata-titled shop units covering about 966 sqm. Most are F&B outlets with a glass façade at street level, and tenancy is close to 100 per cent.
“Yishun is one of the largest and fastest-growing towns in Singapore,” says Investment Advisory Services senior director Swee Shou Fern. The area has been undergoing rejuvenation, with completion expected in 2018 of Northpoint City, which incorporates a bus interchange, town plaza and community club, as well as residential developments.
