[b]Tekka Place on track for soft opening by year's end[/b]

[B]Half the net lettable retail space has been committed or about to be so; development will include retail units and a food hall[/b]

Sat, Mar 02, 2019


TEKKA Place, a new hospitality and retail integrated development at the Rochor Road-Serangoon Road gateway into Little India, is on track for a soft opening by the end of this year.

The development, which stands where the shopping mall The Verge used to be, had its topping-out ceremony on Friday.

Jointly developed by Singapore Exchange-listed construction firm Lum Chang Holdings and LaSalle Investment Management, the building comprises a 10-storey main block and a seven-storey annex block; a 320-unit Citadines Rochor service residences operated by Ascott will also be part of it.

The development will also include a rooftop deck which will house F&B outlets, 70,000 sq ft of retail space for 80 shops and 352 parking lots.

So far, half the net lettable retail space has been committed or about to be so.

One of the largest tenants is XinTekka, a food hall concept by restauranteur Andrew Tan that will occupy more than 10,000 sq ft in the mall.

Lum Chang Holdings director Kelvin Lum, said: "Even though we have been approached by reputable local and international retail and F&B brands, we are selective in curating Tekka Place's retail mix to both reflect and build on the unique cultural identity of the Little India heritage precinct, and to complement the shopkeeper businesses in the area."

Lum Chang bought The Verge from Malaysian conglomerate DRB-Hicom for S$273 million in 2016.

The total redevelopment cost, inclusive of land costs, amounted to slightly over S$400 million.

Before The Verge was built, the site was home to the old Tekka Pasar (Tekka Market).

Tekka Place thus has rich historical and multicultural characteristics which the developers aim to preserve.

Minister for Communications and Information S Iswaran, the guest of honour at the topping-out ceremony, noted that Tekka Place - with its focus on the arts and engagement with the Little India community - will enhance the experience for both consumers and visitors.

"As consumers' needs and expectations evolve, and as the retail sector undergoes profound transformation, the malls of tomorrow must be bold in piloting and adopting new concepts and retail technologies to enhance the shopping experience for their customers."

He cited the example of Kampong Glam, where many shops are using technologies such as augmented reality and integrated point-of-sales systems to raise their business profile and better manage their customer relations.

"I am confident that Tekka Place will add to the buzz of the Little India precinct, and contribute to the vision for Singapore as a leading destination for the arts, culture and heritage," said the minister.