Abandoned New Mall in Changi After Empty For A Year now On Sale For $38 Million
source yahindah Ishak and Guan Zhen Tan 
source yahindah Ishak and Guan Zhen Tan
The new mall in Changi which has been empty since it has completed in 2019 has been put up for sale for $38 million. Located at Upper Changi Road, this area is considered by some lacking in general amenities. The developer Fortune Assets Changi struggled to attract tenants because of the planning restrictions by URA and the Covid-19 pandemic. This restriction meant that the mall was not able to bring in desired trades like cafes or restaurants which has been clearly laid out to the developer since 2015.
In a statement released by the real estate service company CBRE on March 16, a brand new three-story commercial building was marketed for sale at 933 Upper Changi Road North and the mall is selling for $38 million which works out around $2,000 per square foot. In their statement, investors could lease part of the space to anchor tenants such as supermarkets and other spaces for complementary trades, childcare facilities, and fitness centers.
source yahindah Ishak and Guan Zhen Tan