Profile
YewTee Point is a 2-storey suburban retail mall comprising one basement and one storey above ground. The mall is located in the town centre of Yew Tee housing estate and is adjacent to Yew Tee MRT station. YewTee Point was acquired in February 2010 by FCT for $125.65 million.
YewTee Point’s key tenants include NTUC Fairprice, Koufu (food court), Toast Box, Subway and Xin Wang Hong Kong Café, Boon Lay Power Nasi Lemak, SOD Café and Shihlin Taiwanese Snack. The mall also offers beauty, healthcare, fashion, lifestyle and educational services to cater to the shoppers’ needs. YewTee Point draws shoppers from the surrounding Yew Tee housing estate, school, military camps and the nearby industrial estate. Total visitor footfall in FY2011 was 11.4 million, translating to an average of 950,000 visitors per month.
Key Statistics
- Year of Completion: 2008
- Address: 21 Choa Chu Kang North 6, Singapore 689578
- Connectivity: Yew Tee MRT Station and bus interchange
- Tenure: 99 years leasehold (expires year 2105)
- Net Lettable Area: 72,948 sq ft
- Area Population: 173,300
- Appraised Value (as at 30 Sep 2011): $138 million
- Number of leases: 78
- Car park Lots: 83
Financial Performance
| Financial period |
1HFY2012
(6 months ended 31 Mar 2012) |
FY2011
(12 months ended 31 Dec 2011) |
FY2010
(12 months ended 31 Dec 2011) |
| Gross revenue ($’000) |
5,911 |
12,988 |
8,416 |
| Net Property income ($’000) |
4,742 |
9,393 |
5,708 |
| Occupancy (at end of period) |
98.7% |
95.6% |
98.3% |
| Visitor Traffic (million) |
- |
11.4 |
10.9 |
Lease expiry profile as at 31 March 2012
| (FYE 30 Sep) |
FY12 |
FY13 |
FY14 |
FY15 |
FY16 |
FY17 |
FY18 |
| No of leases expiring |
17 |
35 |
13 |
13 |
- |
- |
- |
| Expiries as % Total NLA |
36.3% |
39.8% |
9.3% |
14.6% |
0.0% |
0.0% |
0.0% |
| NLA (sq ft) Expiring |
25,747 |
28,211 |
6,577 |
10,355 |
- |
- |
- |
| Expiries as % Total Gross Rental Income |
28.2% |
43.6% |
10.5% |
17.7% |
0.0% |
0.0% |
0.0% |
Top 10 Tenants by Gross Rental Income as at 30 September 2011
| Tenants |
Trade |
As % of total gross
rental income of mall |
| 1. NTUC Fairprice Co-Operative Ltd |
Supermarket |
13.6% |
| 2. Koufu Pte Ltd |
Food & Restaurants |
9.7% |
| 3. Watson’s Personal Care Stores Pte Ltd |
Beauty, Hair, Cosmetics, Personal Care |
3.5% |
| 4. Kentucky Fried Chicken Management Pte Ltd |
Food & Restaurants |
3.5% |
| 5. Bon-Food Pte Ltd |
Food & Restaurants |
2.8% |
| 6. Asia Pacific Food Pte Ltd |
Food & Restaurants |
2.7% |
| 7. Golden Wings Restaurant |
Food & Restaurants |
2.4% |
| 8. XWS Pte Ltd |
Food & Restaurants |
2.3% |
| 9. BreadTalk Pte Ltd |
Food & Restaurants |
2.0% |
| 10. Home-Fix D.I.Y. Pte Ltd |
Food & Restaurants |
1.8% |
Trade mix as at 30 September 2011
