Sembawang Shopping Centre.JPG

Sembawang Shopping Centre was developed by CapitaLand Mall Trust on a freehold land. It consists of four retail stories (including one Basement). It have a total floor area of 197,676 square feet (18,364.7 m2) in which 134,534.99 square feet (12,498.710 m2) are used for commercial purposes. There are three other Basements, which are used for parking.[2][3]

The Centre underwent a refurbishment in 2007 and reopened in 2009. The architectural firm involved in the redesigning of the mall is DCA Architects. In April 2018, with Colliers International as the estate agent, the Centre was sold to a joint venture of Lian Beng Group and Apricot Capital (Lian Beng-Apricot Sembawang) in an attempt to diversify the portfolio of CapitaLand Mall Trust.

 

This was for an amount of S$248 million, an amount that is double the valuation of the mall as well as the largest sum for any private dedicated mall in Singapore for the immediate few years of time.[3][7][8] After the purchase, Knight Frank Property Asset Management Pte Ltd is the managing agent for the mall.

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