Westgate
Westgate is CICT's first greenfield project. Strategically located in Jurong Gateway, within the Jurong Lake District, Westgate is a premier family and lifestyle mall in the west of Singapore. Directly connected to both Jurong East MRT station and bus interchange, Westgate is surrounded by a suite of amenities such as the Ng Teng Fong General Hospital. Offering a holistic and city lifestyle shopping experience with many popular brands, Westgate encompasses unique features such as The Courtyard, which is naturally ventilated, alfresco dining options and a thematic children’s playground.
PROPERTY INFORMATION
All information as at 31 December 2020 unless otherwise stated.
Address
3 Gateway Drive
Land Tenure
Leasehold tenure of 99 years with effect from 29 August 2011
Number of Tenants
246
NLA (sq ft)
409,087
Year of Purchase
2011 (1)
2018 (2)
2018 (2)
Agreed Property Value (S$ million)
2011: 227.5 (1)
2018: 789.6 (2)
2018: 789.6 (2)
Valuation as at 31 December 2020 (S$ million)
1,087.0
Carpark Lots
610
Bicycle Lots
10
Top 3 Tenants By Gross Rental Income
- Breadtalk Group Limited
- L Catterton Singapore Pte. Ltd.
- Paradise Group Holdings Pte. Ltd.
Awards
BCA Universal Design Mark Platinum (2015)
BCA Green Mark Platinum (2018)
BCA Green Mark Platinum (2018)
Annual Shopper Traffic (million)
33.5
(
1
)
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 (CMT’s 30.00% interest at S$227.5 million).
(2)
The acquisition of the balance 70.00% 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 (70.00% interest at S$789.6 million).
