Park Mall in Penang Road, known for its home-furnishing outlets, will close at the end of September.
Many of its retail tenants have already found new homes, and some stores are running moving-out sales.
Park Mall was bought in December for S$411.8 million (US$305.8 million) by a joint-venture group. Suntec Real Estate Investment Trust, which acquired the mall in 2005 and also owns Suntec City, is part of that joint-venture company.
Just outside the Orchard Rd shopping belt, the mall will be demolished and replaced by two office blocks with a retail component. As well as furniture stores, Park Mall also has clinics and offices beyond the retail floors, from the sixth to 15th level. There are also eateries on the first four levels and in the basement.
Furniture retailer Xtra, which opened in the mall 23 years ago and sells American office furniture brand Herman Miller, will move to a single-level 13,000 sqft (1200 sqm) store in the new wing of Marina Square in September.
Kith Cafe, which has been next to Xtra on the first level at Park Mall since 2012, will share part of the new Marina Square unit.
Also moving in September is The Bear Knows, which sells European furniture. It will take up a 2500 sqft space at The Centrepoint in Orchard Rd in September.
Cellini Design Center, which has five other outlets, has no plans to replace its Park Mall store.
One Park Mall retailer, Blackhole Lighting, will move its business online from next month.
