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Causeway Point (长堤坊) is the largest mall in Woodlands, one of Singapore’s most populous residential estates. It is conveniently located next to the Woodlands regional bus interchange and the Woodlands MRT station,which will serve as an interchange station for the existing north-south line and the new Thomson line in the future.

With more than 200 stores and food outlets spread over seven retail levels (including basement level), Causeway Point offers its shoppers a one-stop shopping and dining destination. the mall recorded gross revenue of $80.96 million in FY2015, up 3.5 % from $78.2 million for the same period a year ago. the mall attracted 24.9 million shoppers in fY2015, up 11.2% from 22.4 million in FY2014.

Causeway point is the winner of BCA Universal Design GoldPlus award in 2015 for its emphasis in incorporating user-friendliness, connectivity and safety aspects in its mall design and features. the mall is also awarded the platinum award in the BCA’s GreenMark program for its host of environmental-friendly features that reduces its energy consumption and carbon footprint.

Property Description

Description

Seven retail levels (including one basement level) and seven car park levels (B2, B3 and 2nd - 6th levels)

Address

1 Woodlands Square Singapore 738099

Net Lettable Area

415,774 square feet1

Car Park Lots

839

Title

99 years leasehold w.e.f 30 Oct 1995

Year Acquired by FCT

2006

Market Valuation

$1,110.0 million as at 30 Sep 2015

Annual Shopper Traffic

24.9 million (Oct 2014 – Sep 2015)

Senior Centre Manager

Ms Elsie Goh

Key Tenants

Metro, Courts, Cold Storage supermarket, Cathay Cineplexes, Food Republic, Uniqlo

1 as indicated in the valuation report for Causeway point, dated 30 September 2015, by DTZ Debenham Tie Leung (SE Asia) Pte Ltd.

Mall Performance Highlights


Financial year ended 30 Sep ($'000)

FY2015

 FY2014

 Increase/(Decrease)

Gross Revenue

80,960

78,233 

3.5%

Property Expenses

 21,860

21,752 

 0.5%

Net Property Income

 59,100

56,481 

 4.6%

Occupancy (at end of period)

 99.5%

99.8% 

 (0.3%-point)

Shopper Traffic (million)

 24.9

22.4 

 11.2%

Lease expiry profile as at 30 September 2015


FY2016

FY2017

FY2018

FY2019

FY2020

Total

Number of Leases Expiring

57

92

69

5

-

223

Net Lettable Area of Expiring Leases (square feet)

105,021

163,164

103,122

42,572

-

413,879

Expiries as % Mall's Total Leased Area

25.4%

39.4%

24.9%

10.3%

0.0%

100.0%

Gross rental income (GRI) Contribution of Expiring Leases as % of Mall's Total GRI

24.0%

41.3%

25.5%

9.2%

0.0%

100.0%

Top 10 Tenants by Gross Rental Income as at 30 September 2015

Tenants
% of Mall's Gross rental Income

1. Metro (Private) Ltd1

7.4%

2. Courts (Singapore) Pte Ltd

6.1%

3. Cold Storage Singapore (1983) Pte Ltd2

5.0%

4. Food Republic Pte Ltd

3.9%

5. Cathay Cineplexes Pte Ltd

2.3%

6. Uniqlo (Singapore) Pte Ltd

2.2%

7. McDonalds' Restaurants Pte Ltd

1.8%

8. Bagus Management Pte Ltd

1.5%

9. Aspial Corporation Ltd3

1.5%

10. RE&S Enterprises4

1.4%

 Total

33.1%

1 includes leases for Metro Departmental Store and Clinique Service Centre
2 includes leases for Cold Storage supermarket, Guardian Pharmacy and 7-Eleven stores
3 includes leases for Lee Hwa Jewellery, CITIGEMS and Goldheart Jewellery
4 Operator of Kuriya Japanese Market and Ichiban Boshi restaurant

 

Trade Sector Analysis as at 30 September 2015


By Net Lettable Area

By Gross Rental Income5

Food & Restaurants

23.1%

28.5%

Fashion

17.5%

23.9%

Household

11.7%

10.2%

Departmental Store

14.5%

7.2%

Services/Education

 4.9%

 7.2%

Beauty, Hair, Cosmetics, Personal Care

 4.3%

 6.7%

Books, Music, art & Craft, Hobbies

 4.5%

 3.6%

Sports apparels & equipment

 2.2%

 3.3%

Supermarket

 5.7%

 3.2%

Healthcare

 1.9%

 3.2%

Leisure/Entertainment

 9.2%

 3.0%

Vacant

 0.5%

 0.0%

Total

 100.0%

100.0%

5 Excludes gross turnover rent