After 43 years, Queensway Shopping Centre is going back in the market. A few weeks ago, more than 150 shop owners held a special meeting regarding the future of the mall. Here’s what we know so far:
Forming an en bloc committee
Residents of the 78-unit Queensway Tower and the 150-odd shop owners arranged a special meeting on 13th April, where an en bloc committee was formed. Concerns were also raised as businesses suffered this past year, due to a declining footfall in the shopping centre.
A shop owner has said he was “open to the idea of a sale“.
Other malls popping up in the area, like IKEA and Alexandra Central Mall, could have redirected the foot traffic away from Queensway Shopping Centre.
Sneaker stores and printing services
Queensway Shopping Centre was opened in 1976, predating both IKEA and other newly-opened developments in the vicinity.
For years, it’s been informally hailed as a shoe haven by sneakerheads. The outlet mall has numerous shops offering Ultraboosts and the like at discounted prices, similar to Jurong East’s IMM.
It’s also known for printing services, be it customised apparel or other materials.
As the en bloc process takes about two years, longtime tenants are not worried about relocating just yet. There’s still time to visit the iconic mall one last time.
Update: Savills Singapore, the marketing agent of the 43-year-old freehold development, confirmed on Tuesday (Nov 26) that the collective sale fell through after attempts to obtain 80% consent from owners failed.
Are you sad to see Queensway Shopping Centre go? Let us know in the comments section below.
About Maelyn Lagman
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