Time really flies and I remembered I wrote about Funan DigitaLife Mall being closed for redevelopment in the year 2015 (Read more: Funan DigitaLife Mall Closing for Redevelopment). There is a piece of good news for CapitaMall Trust share holders. Funan is opening ahead of schedule in 2Q 2019. The retail as well as its office components are now slated to open in 2Q 2019, instead of the earlier announced 3Q2019.

The opening of lyf Funan Singapore, a coliving serviced residence component within Funan, managed by The Ascott Limited, has also been brought forward from 2020 to 4Q 2019.

Occupancy

Mr Tony Tan, CEO of CapitaLand Mall Trust Management Limited, said the leasing for Funan’s retail and office components has already reached 70% and 60% respectively.

I have previously wrote about WeWork, an American startup company that had leased 40,000 square feet of office space across two floors of Funan’s North Office …