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Magazines Archives - 2009 July nex biggest suburban mall THE north-eastern suburb of Singapore will soon be home to a new six-storey mall, christened last April as nex, bringing residents from the neighbouring suburbs to excellent services and offerings for the entire family.
Integrated with the North East and Circle MRT (mass rapid transit) lines, the new retail and entertainment cross-junction has a primary catchment of about one million residents, and is within close proximity to industrial areas such as Toa Payoh Industrial Park, New Industrial Road and New Tech Park. nex is a unique and refreshing name that is simple to say and recall. It is also very appropriate for this retail project as the letter x in the name represents the connectivity that this upcoming integrated transport hub will offer, Victoria Sharpe, CEO of Pramerica Real Estate Investors (Asia), investment manager for Gold Ridge, explained in a statement. The S$1.3-billion (US$900-million) mall has already secured anchor tenants, among which are NTUC Fairprice, which will open its 60,000sqf hypermarket, FairPrice Xtra; Shaw Organisation, which will oversee a 10-screen, 40,000sqf cineplex on the fourth floor of the mall; and F&B group RE&S Enterprises Pte Ltd to manage a 12,000sqf thematic food zone in the basement of the mall. The developer has also revealed that it is in negotiations to secure a 50,000sqf department store operator within the mall.
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Developed by Gold Ridge Pte Ltd, nex has also been slated as the biggest mall in the north-east of Singapore, spanning close to 950,000sqf, with a net lettable area of up to 600,000sqf, and is expected to be complete by end-2010.