Westgate
Westgate is CICT’s first greenfield project. Strategically located in Jurong Gateway, within the Jurong Lake District, Westgate is a premier lifestyle and family mall in the west of Singapore. It has excellent connectivity with direct access to Jurong East MRT station, an interchange for the East-West Line and North-South Line, and the Jurong East bus interchange. Offering holistic and city lifestyle shopping experience with many popular brands, Westgate encompasses unique features such as a naturally ventilated courtyard, alfresco dining options, and a thematic children’s playground.
PROPERTY INFORMATION
All information as at 31 December 2023 unless otherwise stated.
Address
3 Gateway Drive
Land Tenure
Leasehold tenure of 99 years with effect from 29 August 2011
Number of Tenants
250
NLA (sq ft)
409,713 1
Year of Purchase
2011 2
2018 3
2018 3
Agreed Property Value (S$ million)
2011: 227.5 2
2018: 789.6 3
2018: 789.6 3
Valuation (S$ million)
1,100.0
Carpark Lots
610
Bicycle Lots
10
Top 3 Tenants By Gross Rental Income 4
- Breadtalk Group Limited
- Paradise Group Holdings Pte. Ltd.
- Maxim's Caterers Limited
Green Ratings
BCA Universal Design Mark Platinum
BCA Green Mark Platinum
BCA Green Mark Platinum
Annual Shopper Traffic (million)
44.0
1
Includes CSFS area.
2
The integrated development site (land) was acquired in 2011 at S$969.0 million, of which S$758.3 million pertained to the retail component (30.0% interest at S$227.5 million).
3
The acquisition of the balance 70.0% of the units in Infinity Mall Trust which holds Westgate was completed on 1 November 2018, at an agreed property value of S$1,128.0 million, on a completed basis (70.0% interest at S$789.6 million).
4
Based on GRI for the month of December 2023 and excludes gross turnover rent.
