ASSET PORTFOLIO

 

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YewTee Point (油池坊) has two retail levels (including one basement level). The mall is located in Yew Tee, a housing estate within a major residential precinct of Choa Chu Kang, northwest of Singapore. YewTee Point is served by the adjacent Yew Tee MRT station and public bus services.

YewTee Point’s key tenants include NTUC FairPrice, Koufu food court, Watson’s and KFC, among others. It draws shoppers from the private apartments located above the mall (YewTee Residence), the Yew Tee housing estate, schools, military camp and the nearby industrial estate. Total shopper traffi c to the mall in FY2017 was 12.7 million.

Property Description (as at 30 Sep 2017)

Description
Two retail levels (including one basement level) and one basement car park
Address
21 Choa Chu Kang North 6 Singapore 689578
Net Lettable Area
73,670 square feet1
Car Park Lots
832
Title
99 years leasehold w.e.f 3 Jan 2006
Year Acquired by FCT
2010
Market Valuation
$178.0 million as at 30 Sep 2017
Annual Shopper Traffic
12.7 million (Oct 2016 – Sep 2017)
Centre Manager
Ms Emily Fong
Key Tenants
NTUC FairPrice, Koufu food court, Watson’s, KFC

1 As indicated in the valuation report for YewTee Point, dated 30 September 2017, by Savills Valuation and Professional Services (S) Pte. Ltd.
2 Part of limited common property for the exclusive benefit of YewTee Point Ltd.