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Funan DigitaLife Mall’s last day of trading planned for June 30

SINGAPORE — The targeted last day of trading for Funan DigitaLife Mall is June 30 next year, said Ms Tan Pei Cheng, centre manager of the mall.

Funan DigitaLife Mall. Photo: CapitaLand

Funan DigitaLife Mall. Photo: CapitaLand

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SINGAPORE — The targeted last day of trading for Funan DigitaLife Mall is June 30 next year, said Ms Tan Pei Cheng, centre manager of the mall.

CapitaLand Mall Trust Management (CMTL) announced yesterday (Dec 10) that the mall will close in the third quarter of next year for redevelopment over a span of three years.

Ms Tan told Channel NewsAsia that the mall management was continuing to work with tenants to plan events and promotions, in order to boost traffic and sales until Funan’s closure. For next year, the mall has scheduled a Chinese New Year promotion in January and February, an electronic and gaming expo in March and a mega sale in April. It also intends to participate in the Great Singapore Sale and is in talks with an external organiser to run the Funan Anime Matsuri, a Japanese pop-culture festival, next June.

“We will also be organising a series of events to express our sincere appreciation to our tenants and shoppers, whom we are deeply grateful to, for their support over the years,” she added.

WE ACTIVELY ENGAGE TENANTS: CMTL

Although several retailers told Channel NewsAsia that they heard the confirmation of the closure only when it was announced yesterday (Dec 10), Ms Tan said the mall management started engaging the tenants earlier this year regarding possible development options for the mall. This includes those who renewed their leases in the past year, she said.

After CMTL’s decision to redevelop Funan was announced yesterday morning, Ms Tan said that it also immediately issued a circular to all tenants to notify them of the decision and set out plans to meet. In addition, she said that affected tenants were contacted on Thursday and briefed on the redevelopment plans.

“We have already identified possible spaces in other CapitaLand malls in Singapore for Funan tenants to consider relocating to, and will work closely with them on a seamless transition,” Ms Tan added.

Mr James Ng, managing director of TK FOTO Technic at Funan supported the assertion. “I was long-aware that Funan is exploring asset enhancement. The mall management has engaged me on several occasions to provide updates as and when information is available,” he said. CHANNEL NEWSASIA

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