Pakuranga Plaza will become a new "urban village", with a hotel, conference centre, community facilities, apartments, offices and more shops in a $500 million upgrade.
Mah Bow Tan, chairman of the plaza's Singaporean-headquartered owner GYP Properties, will today announce a grand scheme to transform the mall, including developing publicly owned land around it.
"The proposed development would see over $500 million invested in Pakuranga and the proposed retail and commercial properties would house over 1300 people working in the facilities on a daily basis," his company said.
Plans are for 1ha of new office space, and up to 6ha or 60,000sq m of new retail, service, food and beverage, entertainment, hotel, conference and community space including a library with a civic plaza and public open spaces.
GPY is a subsidiary of Singaporean listed company Global Yellow Pages. Tan said the scheme would enhance the wider area and he cited the Pakuranga Town Centre Masterplan.