Channel NewsAsia - 1 hour 45 minutes ago
SINGAPORE: SMRT has officially opened its first heartland, non—underground retail space — Choa Chu Kang Xchange, at the junction of a bus interchange, MRT and LRT stations.
This follows the Raffles and Dhoby Xchanges, both of which are in the city.
Covering close to 1,000 square metres, all 42 shops at Choa Chu Kang Xchange have been leased out.
SMRT Corporation president & CEO Saw Phaik Hwa said, five years ago "when we started off for only retail, we used to... make about S$20 million in terms of rentals. Today, I think this year, we should end in excess of S$40 million. So, it’s more than doubled in terms of revenue from rentals alone."
Despite some recent problems with tenants at the Dhoby Xchange, who felt they were not getting enough exposure, SMRT said things have since turned around there and there are now many new tenants and the occupancy rate has hit over 90 per cent.
SMRT said retail space in the heartlands does not necessarily mean lower rentals.
Mr Saw said, "It is not location. It is the passengers that you bring to the location. So we have tens of thousands, sometimes 100,000 passengers, in certain exchanges like Boon Lay, (which) is very highly used. Here (Choa Chu Kang) is very highly used."
Some shops at the Xchange have been able to balance—off higher rentals with higher profits, but smaller neighbourhood shops, which do not have such high passenger volume, are feeling the heat.
"Ever since that place opened, our business has gone down by half, so we try to keep our prices low," said a neighbourhood cake shop lady.
Work is also underway at two other Xchanges in Boon Lay and Tanjong Pagar, which should be ready by the first half of this year. — CNA/ac
honestly, i just walk past the shops. mrt station is for me to take train only.
okay, i go the atm kiosk at tampines mrt stn and guardian for sweets.
Shorter waiting times for train commuters during peak hours
http://www.smrt.com.sg/news/2008/SMRT%20train%20service%20enhancement%20_final.pdf
Channel NewsAsia - Saturday, February 2
SINGAPORE: Starting 4 February, the journey to and from work for commuters is expected to be quicker.
Both SMRT and SBS Transit announced on Friday that they will be increasing the number of train trips per week.
SMRT, which operates the North—South and East—West lines, will run 83 additional trips during the morning and evening peak periods. It said this will cut average waiting times by as much as 1.5 minutes.
The change is expected to benefit passengers travelling southwards from Yishun, and westwards from Boon Lay during the morning rush hours.
Meanwhile, northbound and eastbound commuters in the evening peak period may similarly expect a quicker, less crowded journey.
SBS Transit, which operates the North East Line (NEL), will add another 10 trips each week.
It said the move will cut average waiting times from four to three minutes during the morning peak period, and from five to four minutes in the evening rush hour. — CNA/vm