Compass One | |
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Main entrance of the mall in 2006
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General information | |
Location | Sengkang, Singapore |
Address | 1 Sengkang Square, Singapore 545078 |
Opened | 1 September 2016 |
Owner | M&G Real Estate |
Management | M&G Real Estate |
Technical details | |
Floor count | 8 floors |
Floor area | 25,000 square metres (270,000 sq ft) |
Design and construction | |
Developer | Frasers Centrepoint |
Other information | |
Number of stores | 208 |
Number of anchors | 4 |
Parking | TBC |
Website | |
Official website |
Coordinates: 1°23′32″N 103°53′43″E / 1.39222°N 103.89528°E
Compass One (formerly known as Compass Point) is a suburban shopping mall located in the town centre of Sengkang, Singapore. The mall was built as an integrated development together with a condominium, Compass Heights which is located adjacent to the mall. Originally opened on August 2002, the mall closed for extensive renovation works in late October 2015 and re-opened on 1 September 2016.
Compass Point was built as an integrated development together with the adjacent Sengkang MRT/LRT station and Compass Heights condominium. Constructed at a cost of S$230 million, the shopping mall started operations in August 2002. The shopping centre was the first major mall to open on the North East Line.
In December 2015, it was announced that real estate fund manager M&G Real Estate will become the sole owner of Compass Point mall in Sengkang, after entering into a deed to acquire the remaining 18.99 per cent of shares owned by Frasers Centrepoint. The buyout was finalized in February 2016 and M&G Real Estate announced that the mall will reopen in 1 September 2016 after upon completion of the upgrading works under a new name and new management.
Before the renovation works, the mall was Singapore's first thematic suburban shopping mall based on the theme of learning. Educational panels and informative posters are mounted on railings and walls, which feature interesting trivia based on particular themes updated periodically. After getting feedback from the public and commissioning a survey of residents in the area, conducted by international property adviser DTZ Debenham Tie Leung Limited, the mall's developer, Centrepoint Properties, proposed the learning theme for the shopping mall to cater to the predominantly young families of Sengkang New Town.