With Big Box now put up for sale, those working at the landmark eight-storey building in Jurong East Regional Centre are unsure of their own future. They asked if they will be allowed to continue operating after the sale closes on June 14 and what it will mean for the warehouse retail scheme, under which they operate. Owned by a subsidiary of mainboard-listed consumer electronics retailer TT Intl, the mall boasts everything from fashion shops for retail therapy to furniture retailers, supermarkets and restaurants. Several businesses complained of low traffic to the mall, which is a four-minute walk from Jurong East MRT station. Intl Property Advisor CEO Ku Swee Yong said the location of Big Box is not optimal for retail business. “They have so many competitors at Jurong East and there is an oversupply of retail, so it is not good to build even more retail at Big Box,” he said.... Continue Reading