Developer Far East Organization is pumping in S$26 million to refurbish the 16-year-old Ginza Plaza.
The shopping mall will also be renamed West Coast Plaza to reflect its changing focus away from just the Japanese expatriate community. Vivienne Tan, president of Far East Retail Consultancy, said: "The demographics changed quite substantially over the last few years. And with the new influx of foreign talents, especially in the knowledge industry, we have found ourselves now the happy recipients of a big international community of people working here as well as our own local people, who have been loyal West Coast people for many years."
The 160,000 sq ft mall, which is expected to take 18 months to complete, will be marketed by Knight Frank.
Rental rates are expected to range between S$8 and S$25 per sq ft. - CNA/so
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