BIG plans for largest Sīpore mall
OPENING day is at least two years away, but Singaporeīs largest mall has already signed up two anchor tenants - cinema operator Golden Village and retail group Dairy Farm, both of which will offer new business concepts.
 Together, the two tenants will occupy a fifth of the space in VivoCity - previously called HarbourFront Mall - which is being built at the former site of the World Trade Centre. When it is completed in late 2006, the 1.1 million sq ft mall will boast a 15-screen, 2,500-seat Golden Village multiplex, Singaporeīs largest so far. The three-storey mall will include a 300m promenade along the harbour front, a 1,000-seat amphitheatre, as well as a water feature four times the size of an Olympic-size swimming pool on the top floor. This floor will be linked to Sentosa Island by a new monorail, which is currently being constructed. The HarbourFront Mall project is undertaken by Mapletree Investment, a company that is part of Singapore's state-owned investment company Temasek Holdings. Mapletree named CapitaLand Commercial Ltd as the mall's retail development manager.
The mall will be the centrepiece of the 24ha HarbourFront precinct, first conceived in 1997 as a world-class waterfront city. The area encompasses offices at the 18-level HarbourFront Towers, a luxury cruise centre at the 13-level HarbourFront Centre, and the 969-unit Caribbean At Keppel Bay condominiums developed by Keppel Land. 
CapitaMall Trustīs Malls
CapitaMall Trustīs (CMT) made a $710 million acquisition of Plaza Singapura added to it investment portfolio of Tampines Mall, Junction 8, Funan The IT Mall and IMM. CMT is the first listed real estate investment trust (REIT) in Singapore. Launched in 2002, this vehicle invests in quality income-producing retail properties in Singapore.
CMT income is mainly derived from rental payments received from a diverse range of local and international tenants. With a portfolio made up of four major shopping centres in both the city and the suburban areas, CMT has performed well and exceeded initial forecasts. CMT decanted relatively under-performing office space in Junction 8 and converted the released floor area into higher-yielding retail space.
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