A New Paradigm for Live-Work-Play in Singapore
Funan1 held its groundbreaking ceremony on 7 September 2016 to unveil its new positioning and features of the development.
Funan inspires real estate innovation and will offer a new live-work-play paradigm in Singapore. It will be an exciting lifestyle destination plugged into the world of tech- and socially-savvy consumers. Building on its legacy as the definitive information technology (IT) mall in Singapore over the last three decades, Funan will go beyond selling IT products to incorporating the tech experience throughout the entire integrated development.
Funan has a total gross floor area (GFA) of approximately 888,000 sq ft. Occupying more than half the NLA at approximately 325,000 sq ft is the six-storey retail component, which comprises four levels above ground and two basement levels. Funan has three towers that sit above, including two six-storey office towers from Level 5 to Level 10. It is envisioned that the two office towers with a combined NLA of approximately 204,000 sq ft, will have different identities - smart offices in the Northern Tower and innovative studios in the Southern Tower - to cater to the various business needs, including co-working. Completing the integrated development is a nine-storey block housing 279 co-living apartment units from Level 4 to Level 12.
A Thank You Party was held for retailers and loyal shoppers and subsequently Funan DigitaLife Mall was closed from 1 July 2016. When it reopens in 2019, Funan will become Singapore's new creative intersection where shoppers can learn and discover a myriad of experiences in line with their passions.
As Singapore's new creative intersection, Funan unveiled its experiential showsuite on 27 April 2017 with a launch party where guests experienced the dynamism of a brand new live-work-play paradigm. The Funan showsuite serves as a catalyst for weekly pop-up events including craft workshops, community talks and performances by local talents. This is also the first retail showsuite in Singapore that is open to the public daily from 11am to 9pm. The showsuite is located at the junction of Hill Street and High Street.
1Funan was closed on 1 July 2016 for redevelopment.
2 As the property is undergoing redevelopment into an integrated development, the value reflected is the total residual land value of the integrated development.