Management M&G Real Estate Developer Frasers Centrepoint Opened 1 August 2002 Phone +65 6819 0733 | Owner M&G Real Estate Floor count 8 floors Number of stores 208 Floor area 2 ha | |
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Compass one official opening 1 sept 2016
Compass One (formerly known as Compass Point) is a suburban shopping mall located in the town centre of Sengkang, Singapore. The mall was built as an integrated development together with a condominium, Compass Heights which is located adjacent to the mall. Originally opened on August 2002, the mall closed for extensive renovation works in late October 2015 and re-opened on 1 September 2016.
Contents
- Compass one official opening 1 sept 2016
- History
- Change of ownership and renovation works
- As Compass Point
- As Compass One
- Anchor tenants
- Accessibility
- References
History
Compass Point was built as an integrated development together with the adjacent Sengkang MRT/LRT station and Compass Heights condominium. Constructed at a cost of S$230 million, the shopping mall started operations in August 2002. The shopping centre was the first major mall to open on the North East Line.
Change of ownership and renovation works
In December 2015, it was announced that real estate fund manager M&G Real Estate will become the sole owner of Compass Point mall in Sengkang, after entering into a deed to acquire the remaining 18.99 per cent of shares owned by Frasers Centrepoint. The buyout was finalized in February 2016 and M&G Real Estate announced that the mall will reopen in 1 September 2016 after upon completion of the upgrading works under a new name and new management.
As Compass Point
Before the renovation works, the mall was Singapore's first thematic suburban shopping mall based on the theme of learning. Educational panels and informative posters are mounted on railings and walls, which feature interesting trivia based on particular themes updated periodically. After getting feedback from the public and commissioning a survey of residents in the area, conducted by international property adviser DTZ Debenham Tie Leung Limited, the mall's developer, Centrepoint Properties, proposed the learning theme for the shopping mall to cater to the predominantly young families of Sengkang New Town.
The shopping mall had an approximate retail area of 269,098 square feet (25,000.0 m2). Retail space was spread out over four storeys and a basement. Each storey of the shopping centre was named after the five major continents, with motifs showing different aspects of that continent, such as flora and sea-transport vessels: Oceania (basement storey); Asia (ground floor); Europe (2nd storey); The Americas (3rd); and Africa (4th).
As Compass One
Compass Point reopened on 1 September 2016 with a new interior design, 180 specialty tenants and a redesigned interior layout. The Sengkang Public Library, expected to reopen in 2017, will occupy a portion of Levels 3 and 4. There will also be a play deck comprising a wet and dry playground at Level 4. Most of the tenants from the previous Compass Point are expected to return, along with 50 new tenants.
Anchor tenants
Accessibility
Compass One Shopping Mall is well-served by public transport, being located just next to the Sengkang MRT/LRT station and Sengkang Bus Interchange. Being easily accessible, the shopping centre serves as the main suburban shopping mall for residents of Sengkang.