China Property

The China Property is located in Chengdu, the capital city of Sichuan province. The property comprises four levels of retail space with a mezzanine floor. Situated within the Second Ring Road, it is in close proximity to high-end residences, offices and the US Consulate in Chengdu. The Nijiaqiao MRT Station is located in front of the property and provides convenient access.

The China Property has secured a long-term tenant, Markor International Home Furnishings Co., Ltd., one of the largest furniture retailers in China. The sole tenant has officiated its opening in March 2018 following the completion of its renovation. This long-term tenancy agreement will replace the department store model. The Renhe Spring Zongbei department store ceased operations in January 2017.

Renhe Spring Zongbei

*Artist impression. Subject to change.

Property Profile

Address No.19, Renminnan Road, Chengdu, China
Description A four-storey building completed in 2003. Part of a mixed-use commercial complex comprising retail and office.
Positioning Targets the high-end income segment and expatriates.
Year of completion 2003
Actual occupancy(1) 100%
Gross floor area 100,854 sq ft(2)
Number of tenants 1(2)
Title Leasehold estate expiring on 27 December 2035
Lease type Fixed rent structure with periodic step-up.
  • Markor International Home Furnishings Co., Ltd
Valuation S$29.8 million(2)
  1. Based on commenced leases as at 30 June 2018.
  2. As at 30 June 2018.