Marina Square closure: Tenants say they were surprised by short notice
Some business owners learnt of the mall's looming closure from customers before an official notice arrived, leaving them with questions about what will happen to their leases and whether to relocate.
Business owners and tenants at Marina Square learned of the mall's closure plans through customers and official notice in September 2023. They expressed surprise at the short notice, with many learning about the closure on September 1. Several tenants whose leases extend beyond March 2027 expressed concerns over compensation. The redevelopment plans include turning the mall into luxury homes, a hotel, serviced apartments, and offices.
The redevelopment is expected to be completed by 2031. Ms May Teo, a tenant with a 22-year-old shop, was surprised by the sudden closure and questioned the compensation process. Joraine Tan, another tenant, also heard rumors of redevelopment but was caught off guard by the March 2027 timeline. Both tenants will need to find new locations as their leases end in March and December 2027, respectively.
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