ASSET PORTFOLIO
Bedok Point

Bedok Point

Bedok Point (勿洛坊) has five retail levels (including one basement level) and one basement car park. The mall is located in the town centre of Bedok, which is one of the largest residential estates in Singapore by population. The mall is well-served by the nearby Bedok MRT station and the Bedok bus interchange.

The mall offers an exciting array of restaurants, food outlets, entertainment, retail and service offerings that makes it an attractive destination for families, students and PMEBs (Professionals, Managers, Executives and Businessmen) around the precinct. The tenants at Bedok Point include K Box Karaoke, Challenger, Sushi Tei, Mind Stretcher and Paradise Inn, among others.

Key Statistics

  • Year of Completion: 2010
  • Address: 799 New Upper Changi Road, Singapore 467351 
  • Connectivity: Bedok MRT Station and bus interchange 
  • Tenure: 99 years leasehold w.e.f. 15 Mar 1978 
  • Net Lettable Area: 82,713 sq ft 
  • Car park Lots: 76
  • Appraised Value (as at 30 Sep 2014): $120 million 
  • Annual Shopper Traffic: 5.3 million (Oct 2013 - Sep 2014)
  • Key Tenants: Harbey Norman, K Box, Sushi Tei, Mind Stretcher, Ssiksin Korea BBQ

Financial Performance

Financial Year
ended 30 Sep
 FY2014 FY2013
Gross Revenue ($’000) 10,805  12,242
Property Expenses (S$'000)  4,573  4,877
Net Property Income ($’000) 6,232  7,365
Occupancy (at end of period) 98.2%  96.7%
Visitor Traffic (million) 5.3  6.6

Lease expiry profile as at 30 Sep 2014


FY15 FY16 FY17 FY18  FY19
Number of leases expiring 16 12 24 1 -
Expiries as % the mall's total nett lettable area (NLA) 30.2% 17.4% 48.9% 3.5% 0.0%
Total NLA of expiring leases (square feet) 24,506 14,156 39,727 2,818 -
Gross Rental Income (GRI) of expiring leases as % of the mall's GRI 33.5% 19.2% 45.4% 1.9% 0.0%

Top 10 Tenants by Gross Rental Income as at 30 September 2014

Tenants Trade As % of total gross
rental income of mall
1. Pertama Merchadising Pte Ltd Household 8.2%
2. Paradise Group Holdings Pte Ltd Food & Restaurants 8.1%
3. K Box (Bedok Central) Pte Ltd Leisure / Entertainment 7.0%
4. Sushi-Tei Pte Ltd Food & Restaurants 5.0%
5. Korea BBQ Pte Ltd (Ssiksin) Food & Restaurants 4.3%
6. Louisiana QSR Pte Ltd Food & Restaurants 3.4%
7. Mind Stretcher Learning Centre Pte Ltd Service and Education 3.3%
8. Pastamatrix International Pte Ltd Food & Restaurants 3.2%
9. Starbucks Coffee Singapore Pte Ltd Food & Restaurants 3.1%
10. Creative Eateries Pte Ltd Food & Restaurants 3.1%