{"id":25630,"date":"2019-04-30T12:09:27","date_gmt":"2019-04-30T04:09:27","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=25630"},"modified":"2022-09-13T13:38:25","modified_gmt":"2022-09-13T05:38:25","slug":"queensway-shopping-centre-up-for-en-bloc-sale","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/queensway-shopping-centre-up-for-en-bloc-sale\/","title":{"rendered":"Queensway Shopping Centre up for En Bloc Sale"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p>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&#8217;s what we know so far:<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-forming-an-en-bloc-committee\">Forming an en bloc committee<\/h2>\n\n\n\n<p>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.<\/p>\n\n\n<div class=\"wp-block-image wp-image-24765\">\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2019\/04\/queensway-shopping-centre-en-bloc.jpg\" alt=\"Facade of Queensway shopping centre\" class=\"wp-image-25632\" width=\"700\"\/><figcaption>Queensway Shopping Centre is up for an en bloc sale, after 43 years.<\/figcaption><\/figure><\/div>\n\n\n<p>A shop owner has said he was &#8220;<em>open to the idea of a sale<\/em>&#8220;.<\/p>\n\n\n\n<p>Other malls popping up in the area, like IKEA and Alexandra Central Mall, could have redirected the foot traffic away from Queensway Shopping Centre.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-sneaker-stores-and-printing-services\">Sneaker stores and printing services<\/h3>\n\n\n\n<p>Queensway Shopping Centre was opened in 1976, predating both IKEA and other newly-opened developments in the vicinity.<\/p>\n\n\n<div class=\"wp-block-image wp-image-25634\">\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2019\/04\/sneakers-at-queensway-shopping-centre.jpg\" alt=\"Queensway Shopping Centre En Bloc Sale\" class=\"wp-image-25634\" width=\"700\"\/><figcaption>The outlet mall is home to many discounted sneakers.<\/figcaption><\/figure><\/div>\n\n\n<p>For years, it&#8217;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&#8217;s IMM.<\/p>\n\n\n\n<p>It&#8217;s also known for printing services, be it customised apparel or other materials.<\/p>\n\n\n\n<p>As the en bloc process takes about two years, longtime tenants are not worried about relocating just yet. There&#8217;s still time to visit the iconic mall one last time.<\/p>\n\n\n\n<p><strong><em>Update:<\/em><\/strong> 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. <\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-are-you-sad-to-see-queensway-shopping-centre-go-let-us-know-in-the-comments-section-below\">Are you sad to see Queensway Shopping Centre go? Let us know in the comments section below.<\/h2>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;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&hellip;<\/p>\n","protected":false},"author":69,"featured_media":59064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"11500,6364,43522,21933,24750,14708","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53653,57131],"tags":[55481,53691,55500,57191],"persona":[57126],"class_list":{"2":"type-post","14":"entry","15":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Queensway Shopping Centre up for En Bloc Sale - 99.co<\/title>\n<meta name=\"description\" content=\"Queensway Shopping Centre is up for an en bloc sale, after 43 years. 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