China company bought Clementi Mall! Oh no, SG is falling......

[duluxe]

According to a Business Times report, an entity linked to Zhao Zhichao of The Elegant Group has agreed on a S$809 million deal to buy The Clementi Mall from Cuscaden Peak Investments.

This means that The Elegant Group, set up in 2015, owns five suburban malls in Singapore, The Straits Times reported.

Here are some of the malls listed on Elegant Group's website.



Grantral Mall is just next to the newly acquired Clementi Mall.

According to BT, the Zhao-linked entity's offer is 8 per cent higher than the "indicative guide price of about S$750 million".

According to EdgeProp, the Elegant Group has also taken projects in Australia.

They revamped one of their properties in Sydney Chinatown to incorporate "traditional Chinese motifs" to honour the "site’s cultural heritage".

 

[k1976]

OMG…conversion to Massage Mall liao
一楼一凤new business concept coming

 

[nabeifuckpap]

Cuscaden Peak Investments is part of Kuok group a Tiong style Chinese family business that owns Great World City, check their glassdoor reviews

Allgreen Properties also part of Kuok

 

[Pinkieslut]

Wonderful news! Hope they open more check colour spa, mala restaurants and high SES Tiong groceries shop!

Will becum my fave hangout.

 

[Sustanon]

卖国贼

 

[Yumiko]

卖国贼

表里不一的卖国贼

 

[duluxe]

Clementi mall will become little chinatown.......

 

[laksaboy]

Cuscaden Peak Investments is part of Kuok group a Tiong style Chinese family business that owns Great World City, check their glassdoor reviews

Allgreen Properties also part of Kuok

Then it's okay. But Clementi Mall's design is fucked up, one of the worse suburb malls on the island. Great World City is nice, but it was well-designed from the start.

If you want to see an authentic Tiong style mall, head over to the smaller mall next to Clementi Mall: Grantral Mall. Formerly Cityvibes, and once upon a time the Clementi Theatre. Recently they put a stall selling Tiong snacks next to the escalators on the ground floor.

 

[nabeifuckpap]

Clementi mall will become little chinatown.......

Prepare for ATBs to standby entrance exit calling 帅哥

 

[Pinkieslut]

Prepare for ATBs to standby entrance exit calling 帅哥

ATBs will provide 1-dragon service.