SingPost To Redevelop SingPost Centre For $150 million

Singapore Post (SingPost) has announced the commencement of construction works for the redevelopment of the retail mall at Singapore Post Centre, and concurrently upgrading amenities and the facade for the adjourning office building.

Shimizu Corporation has been appointed as the main contractor to undertake the redevelopment and office works at a total cost of approximately $150 million.

The retail mall at SingPost Centre will be redeveloped into a new retail mall comprising four aboveground levels (including a cinema hall) and one basement level. The redevelopment is expected to be completed around mid-2017 and will have an estimated gross floor area of 25,000 square metres.

Under the Urban Redevelopment Authority Masterplan 2008, the area around Paya Lebar MRT station will be developed into a suburban commercial node. The redevelopment will capitalise on the opportunities that this will bring. The redevelopment and office works are in line with the group’s efforts and strategy to maximise returns to shareholders by realising the full potential of its assets.

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