ASSET PORTFOLIO
Causeway Point

Causeway Point 1

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 serves as an interchange station for the existing North-South Line and the new Thomson Line in the future.

With more than 200 retail stores, restaurants 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 annual shopper traffic of 23.4 million in FY2013, up from 20.7 million a year ago.

The mall has won the prestigious Platinum Award in the BCA’s GreenMark program for its host of environment-friendly features that reduces its energy consumption and carbon footprint

 Key Statistics

  • Year of Completion: 1998
  • Address: 1 Woodlands Square, Singapore 738099 
  • Connectivity: Woodlands MRT Station and bus interchange 
  • Tenure: 99 years leasehold w.e.f. 30 Oct 1995  
  • Net Lettable Area: 416,631 sq ft 
  • Car park Lots: 843
  • Appraised Value (as at 30 Sep 2013): $1,006 million 
  • Annual Shopper Traffic: 23.4 million (Oct 2012 - Sep 2013)
  • Key Tenants: Metro, Courts, Cold Storage, Cathay Cineplexes, Food Republic, Uniqlo

Financial Performance

Financial year ended 30 Sep
FY2013
 FY2012
Gross revenue ($’000) 75,128 66,507
Property Expenses (S$'000) 20,595 17,923 
Net Property income ($’000) 54,533 48,584
Occupancy (at end of period) 99.5% 87.7%
Visitor Traffic (million) 23.4 20.7

Lease expiry profile as at 30 September 2013


FY14 FY15 FY16 FY17 FY18
Number of leases expiring 219 232 130 19 2
Expiries as % of the mall's total nett lettable area (NLA) 30.5% 37.4% 22.8% 4.5% 4.8%
Total NLA of expiring leases (square feet) 264,053 323,718 197,132 38,697 41,646
Gross rental income (GRI) of expiring leases as % of the mall's GRI 32.1% 39.0% 22.5% 4.8% 1.6%

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

Tenants Trade As % of total gross
rental income of mall
1. Metro (Private) Ltd1 Departmental Store 6.8%
2. Courts (Singapore) Pte Ltd Household 6.2%
3. Cold Storage Singapore (1983) Pte Ltd2 Supermarket 4.8%
4. Food Republic Food & Restaurants 4.0%
5. Cathay Cineplexes Pte Ltd Leisure & Entertainment 2.3%
6. Uniqlo (Singapore) Pte Ltd Fashion 2.1%
7. McDonalds' Restaurants Pte Ltd Food & Restaurants 1.8%
8. Aspial Corporation Ltd3 Fashion 1.5%
9. Bagus Management Pte Ltd Food & Restaurants 1.5%
10. Soo Kee Jewellery4 Fashion 1.6%
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 includes leases for SK Jewellery & Soo Kee Jewellery