Shopping Malls Surrounding Jurong East MRT Station (Jurong Gateway)
Jurong East (Jurong Gateway) offers residents unbeatable dining, shopping, entertainment and recreational activities all within walking distance of one another. With the likes of IMM, JCube and upcoming Jem, WESTGATE and BIG BOX which is under construction, these few developments alone will simply bring about a whole new dimension of irresistible temptation as you will be spoilt for choices!
IMM mall undergoing $30m renovation
The Straits Times – September 6, 2012
THE IMM mall in Jurong is undergoing a $30 million year-long renovation that will turn it into Singapore’s largest outlet centre, where brand-name items can be had at a discount.
The upgraded mall will offer plenty of choice to Jurong East residents, what with the new JCube mall nearby and the upcoming Jem and Westgate centres. It is also across the road from the Ng Teng Fong General Hospital, which is under construction.
The mall earlier undertook a $92.5 million revamp that was completed in 2007. This involved adding a retail block and rooftop landscaped plaza, among other things.
SGX-Listed TT International Announces
Financial Commitment of S$92.0 Million By
Prima BB And Utraco Investment To Develop
BIG BOX Retail Project In Singapore’s West
SINGAPORE, 14 December 2012
TT International Limited (“TT International” or the “Company”) announced today that it has entered into an investment agreement (“investment agreement”) with Prima BB Limited (“Prima”) and Utraco Investment Pte Ltd (“Utraco”) for a combined financial commitment of S$92.0 million to develop Big Box, an iconic mega warehouse retail project in Singapore.
Concurrently, TT International said it has received commitment for project financing amounting to S$125.0 million for the project which will have a gross floor area of approximately 1.3 million square feet. Big Box will be the last and largest of four warehouse retail projects approved by EDB under the Warehouse Retail Scheme, the other three being outlets for IKEA, Courts and Giant in Singapore’s East.
“The investment agreement underscores the faith of the investors in the potential of Big Box. When completed, the project will transform the retail scene in Singapore’s Western region and will also boost our efforts to help enhance value to all stakeholders of TT International,” said Ms. Julia Tong, TT International’s Executive Director.
“We are very happy for the opportunity to invest in Big Box. Jurong East will be transformed into a very vibrant shopping, entertainment, retail and commercial hub by 2015,” said Dr Tan Tan Sen, Chairman of Utraco Group.
“We are excited by the ongoing renewal of the Jurong Lake District and we believe that the Big Box project, when completed, will add to the vibrancy of the area,” commented by Mr Bernard Cheng, Executive Director of Prima Limited.