SINGAPORE: The upcoming Waterway Point at Punggol has secured committed occupancy for 90 per cent of its retail space, about six months before its opening, Frasers Centrepoint Malls said on Tuesday (Aug 4). This would benefit executive condo residents of The Terrace EC and Waterwoods EC as they now enjoy greater convenience and choices for shopping and dining.
Frasers Centrepoint Malls said the 370,824 square feet (sq ft) Waterway Point will offer four levels of indoor shopping, leisure and alfresco dining spaces with a view of Punggol Waterway.
Key tenants include a 24-hour FairPrice Finest, which will take up nearly 30,000 sq ft of space, a 1,500-seat Shaw Theatres, and a 7,335 sq ft Times Bookstore, which will be its largest outlet in Singapore.
“Once underserved, Punggol today is a picture of rapid development,” Mr Christopher Tang, chief executive officer for Commercial and Greater China at Frasers Centrepoint, said in a statement: “The positive take-up underscores a healthy demand for retail space in this developing area.”
Waterway Point is part of Watertown, an integrated waterfront residential and retail development by Frasers Centrepoint, Far East Organization and Sekisui House.