Funan fills 95% of retail space; tenants include Taobao store

Besides Taobao's first physical store in Singapore, camera manufacturer Nikon and sewing machine brand Bernina will run flagship outlets in Funan, which is due to open on Friday. ST PHOTO: LIM YAOHUI
Besides Taobao's first physical store in Singapore, camera manufacturer Nikon and sewing machine brand Bernina will run flagship outlets in Funan, which is due to open on Friday. ST PHOTO: LIM YAOHUI

Ahead of its Friday opening, the new shopping mall at Funan has achieved 95 per cent committed occupancy for its retail space, including Singapore's first standalone physical Taobao store.

More than 60 per cent of the over 190 brands housed in Funan mall originate from Singapore, CapitaLand said in a regulatory update yesterday.

Newly signed tenants include Taobao's new concept store. Operated by Virmall, the store will offer a wide range of products available from Taobao that are specially curated for Singapore shoppers, covering categories such as furniture, household items, textiles and fashion. Previously, there was a pop-up Taobao outlet as part of a multi-label store in Plaza Singapura called NomadX.

Nikon will launch in Funan mall its first standalone outlet and flagship "experience hub" in Singapore. This includes the Nikon School, a workshop space for photography tutorials by professionals.

Swiss sewing machine brand Bernina will also open its flagship store there, carrying its most advanced sewing machine models, while using the space for themed sewing workshops, machine rental service and gift personalisation.

Food and beverage will occupy 25 per cent of Funan's retail space, housing over 80 establishments, ranging from ramen restaurants, like Afuri Ramen, Kara-men Ajisen and Tsuta, to bubble tea stalls, like Gong Cha, LiHo, Milksha and Nayuki Tea.

Funan will also work with the Singapore Tourism Board to host the civic district's first Singapore Visitor Centre on the basement 2 level. This is to allow tourists to get more information about Singapore or buy tickets to attractions and tours.

CapitaLand Mall Trust Management chief executive Tony Tan said: "We are pleased that Funan's retail component is 95 per cent pre-leased. This points to the continued market demand for centrally located and well-designed retail spaces that enjoy inherent shopper traffic as part of a quality integrated development."

As part of Funan's opening programming, guided tours and concierge recommendations on activities will be made available to shoppers, CapitaLand Singapore managing director for retail Chris Chong said.

He added that CapitaLand envisions Funan as a "social retail space embraced by communities". In line with this vision, it will be rolling out unique programmes throughout the year that support Funan's community-building focus.

A version of this article appeared in the print edition of The Straits Times on June 26, 2019, with the headline 'Funan fills 95% of retail space; tenants include Taobao store'. Print Edition | Subscribe