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Causeway Point

Profile

Causeway Point, opened in 1998, is an award-winning suburban retail mall located in the heart of Woodlands, one of the most populous residential estates in Singapore.

Causeway PointIts catchment of patrons and shoppers come from the surrounding housing estates, schools, offices, factories and the commuters using the Woodlands MRT station and the underground Woodlands regional bus interchange. The mall attracted an average footfall of 20.7 million in FY2012 or an average of 1.7 million per month.

Causeway Point, the largest mall in FCT’s portfolio, has more than 200 stores and outlets spread over its seven floors and basement level and this makes the mall a convenient one-stop shopping destination for its shoppers. Its key tenants include Metro, Cathay Cineplexes, Cold Storage, Courts, Kiddy Palace, Food Republic, POPULAR Bookstore, Timezone and Uniqlo.

Causeway Point has undergone a significant makeover with new distinctive features and thematic designs. The rejuvenated mall also offers a greater variety of shops and outlets for enhanced shopping and dining experience.

Key Statistics

  • Year of Completion: 1998
  • Address: 1 Woodlands Square, Singapore 738099 
  • Connectivity: Woodlands MRT Station and bus interchange 
  • Tenure: 99 years leasehold (expires year 2094) 
  • Net Lettable Area: 415,896 sq ft 
  • Area Population: 245,109  
  • Appraised Value (as at 30 Sep 2012): $890 million 
  • Number of leases: 201  
  • Car park Lots: 560 (During refurbishment), 843 (Upon completion of refurbishment in December 2012)

Financial Performance

Financial period FY2012
(12 months ended 31 Dec 2012)		  FY2011
(12 months ended 31 Dec 2011)		  FY2010
(12 months ended 31 Dec 2011)
Gross revenue ($’000) 66,507 51,563 59,409
Net Property income ($’000) 48,584 35,477 41,833
Occupancy (at end of period) 87.7% 92.0% 97.2%
Visitor Traffic (million) 20.7 * 28.5
* The visitor traffic information was not available as its electronic traffic counters were removed due to refurbishment works at the mall.

Lease expiry profile as at 30 September 2012

(FYE 30 Sep) FY13 FY14 FY15 FY16 FY17 FY18
No of leases expiring 47 80 64 6 1 1
Expiries as % Total NLA 11.5% 41.8% 27.1% 10.7% 0.1% 8.7%
NLA (sq ft) Expiring 42,379 153,535 99,455 39,246 377 32,102
Expiries as % Total Gross Rental Income 11.4% 43.5% 32.9% 9.5% 0.1% 2.6%

Top 10 Tenants by Gross Rental Income as at 30 September 2012

Tenants Trade As % of total gross
rental income of mall
1. Metro (Private) Ltd1 Departmental Store 7.5%
2. Courts (Singapore) Pte Ltd Household 6.8%
3. Cold Storage Singapore (1983) Pte Ltd2 Supermarket 5.4%
4. Food Republic Food & Restaurants 4.4%
5. Cathay Cineplexes Pte Ltd Leisure & Entertainment 2.6%
6. Uniqlo (Singapore) Pte Ltd Fashion 2.3%
7. McDonalds' Food & Restaurants 1.9%
8. Aspial-Lee Hwa Jewellery Singapore Pte Ltd3 Fashion 1.7%
9. Soo Kee Jewellery Pte Ltd Fashion 1.6%
10. Esprit Retail Pte Ltd Fashion 1.6%
1 includes the leases for Metro Departmental Store and Clinique Service Centre
2 includes the leases for Banquet Food Court and Mega Foodmall
3 includes the leases for Lee Hwa Jewellery, CITIGEMS and Goldheart Jewellery

Trade mix as at 30 September 2012