Revamped Shaw Centre fails to pull in shoppers, tenants unhappy
Landlord offers rental rebates and some marketing of the mall has started
Singapore
BARELY a year after moving in, tenants at the newly refurbished Shaw Centre shopping mall are already up in arms over the mall's deserted state. At least eight tenants have come together to petition the mall's management to promote the place and boost occupancy rates.
Chief among the grouses listed in the three tenant petitions sent between April and May are the low occupancy rates and footfall, the lack of a cohesive concept in the retail tenant mix and the dearth of mall-led advertising and promotional initiatives.
When The Business Times visited the place last week, only a few shoppers were spotted along its corridors.
Around half the mall's units were still behind hoardings. On the fourth floor, only two units were tenanted; a third was undergoing heavy construction. The air-conditioning on that side of the…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Cordlife calls for trading halt after shares sink to all-time low, pending announcement
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom
Swiss watch exports plunge as China and Hong Kong demand dries up
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Billionaires selling cheap stuff get richer from inflation pain