Funan obtains Temporary Occupation Permit as it gears up for opening in 2Q 2019
Singapore, 24 April 2019 – Singapore’s new-gen integrated development Funan has successfully obtained its Temporary Occupation Permit (TOP). This milestone puts Funan a step closer to opening its retail and office components in 2Q 2019, as announced last September. Funan is owned by CapitaLand Mall Trust (CMT) and managed by CapitaLand.
Funan's construction time-lapse
From groundbreaking to completion, the construction of Funan took 27 months – a feat for a development of its scale. At 887,000 square feet (sq ft) in total gross floor area, the new Funan is 405,000 sq ft or about 85% larger than its predecessor Funan DigitaLife Mall.
Despite challenges such as a tight site with limited access, time savings are achieved through innovation in construction methods, and the choice of building materials and equipment to avoid redundancies and inefficiencies in Funan’s construction process. These include applying Virtual Design and Construction at the onset, and adopting a top-down construction method, which allows for the building’s basement and superstructure to be built concurrently. Precast concrete structural building components are also used to further reduce the construction time.
Funan is home to Singapore’s first online-and-offline shopping mall integrating online, offline, data and logistics aimed at empowering retailers’ omnichannel strategy and transforming the customer experience. It also includes two Grade A office blocks that meet the needs of a variety of business, including established MNCs and coworking spaces for the mobile workforce; as well as the Singapore flagship of The Ascott Limited’s lyf coliving serviced residence that is designed by millennials for millennials. Funan is located in the heart of Singapore’s Civic District with excellent connectivity, including a direct underpass linking to City Hall MRT interchange station.
Funan - envisioned as a vibrant live-work-play hub
The new Funan is envisioned as a vibrant live-work-play hub that fosters emotional connections with its users through lively social and cultural activities, inviting public places and energetic community vibes. It is set to enliven Singapore’s Civic District with theatre performances and movie screenings, and promote wellness with a futsal court, rock-climbing facility and a world-class gym. With an urban farm and end-of-trip amenities for cyclists, the new Funan will also appeal to the socially conscious.
Featuring the innovative integration of technology and automation in a retail setting, Funan offers shoppers the convenience of a 24-hour click-and-collect drive-through facility, as well as hands-free shopping using automated guided vehicles – both firsts for shopping malls in Singapore. Smart directories with sensors provide shoppers with personalised recommendations based on their demographic profile.
CMT updated in its 1Q 2019 results announcement today that Funan is about 90% leased to-date.