Funan

Funan celebrated its successful launch with an official opening ceremony on 27 December 2019, six months after welcoming shoppers in June 2019. With a total gross floor area of approximately 889,000 sq ft, the integrated development comprises a retail component, two office blocks and lyf Funan Singapore – the Singapore flagship of The Ascott Limited’s lyf coliving serviced residence designed by millennials for millennials. Right in the heart of the Civic and Cultural District, Funan enjoys excellent connectivity, including a direct underpass linking to City Hall MRT interchange station opening in 2021. As a new paradigm for live, work and play in Singapore’s city centre, Funan offers a synergistic combination of retail, office and serviced residence components that is designed to appeal to savvy consumers pursuing quality life in a socially-conscious and creative environment.

PROPERTY INFORMATION
All information as at 31 December 2019 unless otherwise stated.
Address
107 and 109 North Bridge Road
Land Tenure
Leasehold tenure of 99 years with effect from 12 December 1979
Joint Venture Partners’ Interests
-
Number of Tenants
222
NLA (sq ft)
Retail: 317,387
Office: 214,535
Total: 531,922
Year of Purchase
2002
Purchase Price / Agreed Property Value (S$ million)
191.0
Valuation as at 30 June 2020 (S$ million)
742.0
Carpark Lots
404
Bicycle Lots
170
Top 3 Tenants By Gross Rental Income
  • The Government of The Republic of Singapore
  • WeWork Singapore Pte. Ltd
  • Adidas Singapore Pte Ltd
Awards
BCA Green Mark GoldPLUS
Annual Shopper Traffic (million)
7.9