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. Total shopper traffic to the mall in FY2013 was 6.6 million.

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: 81,393 sq ft 
  • Car park Lots: 76  
  • Appraised Value (as at 30 Sep 2013): $128.5 million 
  • Annual Shopper Traffic: 6.6 million (Oct 2012 - Sep 2013)
  • Key Tenants: K Box Karaoke, Challenger, Sushi Tei, Mind Stretcher, Paradise Inn

Financial Performance

Financial Year
ended 30 Sep
FY2013
FY2012
Gross Revenue ($’000) 12,242 2,464
Property Expenses (S$'000)  4,877 4,419
Net Property Income ($’000) 7,365 8,045
Occupancy (at end of period) 96.7% 98.7%
Visitor Traffic (million) 6.6 8.0

Lease expiry profile as at 30 Sep 2013


FY14 FY15 FY16  FY17  FY18
Number of leases expiring 48 14 6 1 -
Expiries as % the mall's total nett lettable area (NLA) 56.0% 28.1% 14.1% 1.8% 0.0%
Total NLA of expiring leases (square feet) 44,092 22,153 11,063 1,424 -
Gross Rental Income (GRI) of expiring leases as % of the mall's GRI 51.8% 21.2% 8.6% 0.0% 0.0%

Top 10 Tenants by Gross Rental Income as at 30 September 2013

Tenants Trade As % of total gross
rental income of mall
1. Paradise Group Holdings Pte Ltd Food & Restaurants 6.7%
2. K Box (Bedok Central) Pte Ltd Leisure / Entertainment 5.9%
3. Sushi-Tei Pte Ltd Food & Restaurants 4.2%
4. Beijing 101 Hair Consultants Pte Ltd Beauty, Hair, Cosmetics, Personal Care 3.5%
5. L.A.I Singapore Pte Ltd Food & Restaurants 2.8%
6. Louisiana QSR Pte Ltd Food & Restaurants 2.8%
7. Mind Stretcher Learning Centre Pte Ltd Service and Education 2.7%
8. Starbucks Coffee Singapore Pte Ltd Food & Restaurants 2.7%
9. Pastamatrix International Pte Ltd Food & Restaurants 2.7%
10. Sports Link Holdings Pte Ltd Sports Apparels & Equipment 2.5%