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Redeveloping Funan a better option for CapitaLand Mall Trust

Huge potential for an 80 per cent increase in gross floor area to 868,212 sq ft

Kalpana Rashiwala

Kalpana Rashiwala

Published Wed, Aug 26, 2015 · 09:50 PM
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CAPITALAND Mall Trust (CMT) seems to have come to a crossroads of sorts for its Funan DigitaLife Mall along North Bridge Road. It could sell the ageing mall - which is looking even more tired amid the rejuvenation of the locale, thanks to the Capitol project - and book a one-time gain, in line with its parent CapitaLand Group's style of recycling capital.

Or CMT could finally set its mind on redeveloping the site and coming up with a novel product that can provide a future income stream.

Funan has been in the CMT portfolio from Day One of the trust's flotation in 2002.

The trust previously secured some approvals from the authorities to redevelop Funan (i…

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