Cheebye money minded PAP, now even SingPost getting into property developments

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An honorable member of the Coffee Shop Has Just Posted the Following:

SINGAPORE: Singapore Post (SingPost) announced on Wednesday (Oct 28) that it would develop Singapore's first shopping mall offering a suite of eCommerce logistics solutions, combining both online and offline shopping.

In their media release, SingPost said the mall will offer 25,000 square metres of retail space. Consumers will be able to shop online at the mall through e-merchants and choose delivery and pickup timings, according to SingPost.

Describing this shopping experience, SingPost said: "A consumer could browse in-store, purchase the product and arrange for delivery of the product directly to their home. The consumer could then continue shopping, watch a movie or have a meal in the mall without having to carry bulky shopping bags."

SingPost also said that retailer can save on storage space in the store as fulfilment would be done at the backend of the warehouse.

A groundbreaking ceremony was held on Wednesday to mark the commencement of the construction of the mall, to be located at Singapore Post Centre in Paya Lebar, SingPost said.

SingPost said the development is aimed at creating opportunities for businesses in a "changing retail landscape", and "catering to the evolving needs of consumers."

Construction of the mall - which will have four above ground levels and a basement level - is expected to cost about S$150 million, which includes upgrading amenities and the façade for the adjoining office building, SingPost added.

It will also house an eight-hall cineplex, SingPost's flagship post office, retail shops, food and beverage outlets, and three levels of underground carpark spaces. The mall is scheduled to be completed by mid-2017.


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