SingPost Centre

SingPost Centre poised to thrive with location advantage & tech perks: Maybank

SINGAPORE (Oct 11): Maybank Kim Eng is maintaining its “hold” call on Singapore Post (SingPost) with an unchanged price target of $1.22, pending clearer direction from the strategic review of the group’s business strategy.

This follows the launch of the new SingPost Centre mall, which doubles the group’s gross retail floor space to 269,000 sf and net lettable area (NLA) to 178,000 sf.

SingPost to invest $16 mil in island-wide Smart Post Office network

SINGAPORE (Oct 9): Singapore Post has launched its first smart post office at the new SingPost Centre mall.

Dubbed the General Post Office (GPO), the 5,328 sf space in the SingPost Centre at Paya Lebar is currently the largest in the country and is the first in a series of smart post offices that the group hopes to launch across the island.

The GPO, along with the systems powering the future island-wide Smart Post Office network, is estimated to cost as much as $16 million.

CapitaLand continues to deliver balanced results in an uncertain environment

SINGAPORE (March 30): OCBC Investment Research is maintaining its “buy” call on CapitaLand Limited, raising its fair value estimate on the stock from $3.68 to $3.93 after recent news broke on the group’s developments in Vietnam and Singapore.

SingPost Centre win shows good progress of new recurring income stream

SINGAPORE (March 28): Lim & Tan Securities is maintaining its “buy” call for CapitaLand with $4.15 target price after the developer signed a third-party mall management contract with Singapore Post for its upcoming mall.

CapitaLand Mall Asia to manage mall at upcoming SingPost Centre

SINGAPORE (March 28): CapitaLand Mall Asia will manage the upcoming mall at the new SingPost Centre, which is targeted to open in 2H17.

This comes after CapitaLand Mall Asia, the wholly-owned shopping mall business of CapitaLand, signed a mall management contract with Singapore Post.

Under the contract, CapitaLand will oversee the pre-opening and retail management for the five-storey SingPost Centre mall, which has 269,000 sq ft of GFA (excluding carpark) and a net lettable area of about 175,000 sq ft.

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