Liv@Changi shopping mall on sale at $36 Million

Liv@Changi – a retail center located at 933 Upper Changi Road North – is being sold through an Expression of Interest (EOI). It has a guide price set at $36million. The three storey mall occupies 13,428 sqft of freehold land and has a built up area of 18,986. The guide price comes out to $1.896 psf for the built-up space.

The mall’s guide price was $38 million in April 20,21 but it failed to sell. Completed in 2019, the mall has a dual-road 75m-wide frontage along Upper Changi Road North. Cushman & Wakefield & CBRE released a joint press release on 20th February announcing the tenants, which include a medical clinic, a food takeaway stall, a fitness studio and a gym.

Hill House

Clemence Clemence Clemence Clemence Clemence Clemence Clemence Clemence CBRE executive director capital markets highlights that the mall’s proximity to employment centres like Changi Airport Changi North Industrial Loyal Industrial Estate benefits it. “Furthermore, the mall is strategically located in an enclave of densely populated residences, with 15 condo projects and more than 6, 000 residential units nearby.

Shaun Poh (executive director of capital markets, Cushman & Wakefield) believes that future enhancements in the Changi Northern Corridor – which include the Loyang Viaduct and 3kms of new cycling trails – will boost the live, play and work offerings of the area.

Poh notes that suburban shopping complexes near Changi City are still a favourite among investors, following the Changi City sales last year. Poh adds, “With a price that’s affordable, Liv@Changi provides an opportunity for newly-to-market investors who want to establish a brand presence in the District17 area as well key business and industrial sectors.”

The Liv@Changi EOI closes on March 27th at 3pm