Funan

Funan celebrated its successful launch with an official opening ceremony on 27 December 2019, six months after welcoming shoppers in June 2019. With a total gross floor area of approximately 889,000 sq ft, the integrated development comprises a retail component, two office blocks and lyf Funan Singapore - the Singapore flagship of The Ascott Limited's lyf coliving serviced residence designed by millennials for millennials. Right in the heart of the Civic and Cultural District, Funan enjoys excellent connectivity, including a direct underpass linking to City Hall MRT interchange station opening in 2021. As a new paradigm for live, work and play in Singapore's city centre, Funan offers a synergistic combination of retail, office and serviced residence components that is designed to appeal to savvy consumers pursuing quality life in a socially-conscious and creative environment.

  • 775.0
    Market Valuation
    (S$ million)1
  • 28.5
    Gross Revenue
    (S$ million)
  • 15.1
    Net Property Income
    (S$ million)
  • 99.0
    Retail: 99.0
    Office: 98.9
    Committed Occupancy
    (%)
  • 7.9
    Annual Shopper Traffic
    (million)

Note:
Funan was closed on 1 July 2016 for redevelopment and reopened on 28 June 2019.

Property Information

  • Location
    109 North Bridge Road, Singapore 179097 | Tel +65 6713 1524 / 1593, Fax +65 6333 4275
  • Email
  • Website
  • Gross Floor Area (sq ft)
    767,281 1
  • Net Lettable Area (sq ft)
    Retail: 317,387
    Office: 214,535
    Total: 531,922
  • Number of Leases
    223
  • Number of Car Park Lots
    404
  • Land Tenure
    Leasehold tenure of 99 years with effect from 12 December 1979
  • Acquisition Year
    2002
  • Key Tenants (by gross rental income)
    WeWork Singapore, Department of Statistics, Adidas Singapore, NTUC Enterprise, Attorney-General Chambers

N.A.: Not Applicable.
Data as at 31 December 2019.
Gross revenue, net property income and annual shopper traffic were for the year ended 31 December 2019.

  1. Excludes the serviced residence component after the completion of the divestment of all the units of Victory SR Trust on 31 October 2017.