12 Jan '17, 9am

New post added at LushHomeMedia - Serangoon Plaza to be demolished to make way for 19-storey commercial complex

The five-storey Serangoon Plaza will soon be torn down to make way for a new commercial development, said property group Tong Eng on Tuesday (Jan 10). Tenants have been told to move out by the end of this month, Tong Eng said, adding that all tenants have said they will be able to meet the deadline. Mustafa, Singapore’s biggest 24-hour mall, has a branch at Serangoon Plaza and is the largest tenant there, taking up three storeys and about 70,000 sq ft. The store will be shut on Feb 1 and its merchandise transferred to the main outlet, Mustafa Centre, on Syed Alwi Road, a spokesperson said. When asked if the company expects its revenue to be hit by the closure of the Serangoon Plaza branch, the spokesperson said sales would be “slightly affected”. Mustafa also has no plans to expand elsewhere, he added. Built in the 1960s as President Shopping Centre, Serangoon Plaza was bo...

Full article: http://www.lushhomemedia.com/manage_posts/2017/01/12/sera...

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