Table of contents:
- About Mustafa Centre
- The real estate landscape around Mustafa Centre
- Accessibility and infrastructure
- Conclusion
Mustafa Centre, situated in Little India, Singapore, is a prominent shopping destination known for providing a distinctive shopping experience. Since its establishment in 1971, it has expanded from a small store to a sizeable 24-hour shopping complex.
This article examines Mustafa Centre’s impact on the local property and real estate market, emphasising its influence on nearby residential and commercial properties.
About Mustafa Centre
History and evolution
Mustafa Centre originated as a small shop in Campbell Lane in 1971. It has since undergone significant expansion and relocated to its present location on Syed Alwi Road.
It is widely recognised for its extensive range of products and round-the-clock accessibility, establishing itself as a popular shopping destination for residents and visitors.
Unique selling points
Mustafa Centre offers an extensive range of products, including electronics, jewellery, clothing, and groceries. It is known for providing 24-hour service to cater to shoppers at any time of the day. The centre holds cultural significance in the Little India district.
Read this: 5 Condos that are Perfect for Shopping Addicts
Shopping experience
Shoppers can explore a variety of stores within Mustafa Centre:
- Electronics: The mall offers various gadgets and appliances at competitive prices.
- Jewellery: Shoppers can find extensive gold, silver, and diamond collections.
- Clothing: Affordable fashion for men, women, and children is available.
- Groceries: A diverse selection of international food products caters to various tastes.
Dining options
Mustafa Centre also boasts a variety of dining options:
- Restaurants: Enjoy local and international cuisine at numerous eateries.
- Cafes: Relax with a coffee and snack in cosy cafes.
- Food Stalls: Taste local delicacies and street food at the food stalls.
Next, we move on to the real estate aspect of Mustafa Centre and its surroundings.
The real estate landscape around Mustafa Centre
Residential properties
The Mustafa Centre area offers housing options like HDB flats, condominiums, and landed properties. Little India, Farrer Park, and Serangoon Road are well-known residential areas in this vicinity.
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Due to their central location and cultural significance, property prices in these areas are typically mid to high. Residential developments like City Square Residences and Kerrisdale are notable in this area.
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Commercial properties
The retail space around Mustafa Centre is in high demand due to the significant foot traffic in the mall. Retail rental rates are competitive and offer high visibility and customer flow.
Read this: Complete guide to buying commercial property in Singapore
The area also features mixed-use developments that provide office spaces. Due to the vibrant economy and excellent connectivity, these are popular among small businesses and startups.
Accessibility and infrastructure
Transport connectivity
Mustafa Centre is conveniently accessible by public transport, with the Farrer Park (NE8) and Jalan Besar (DT22) MRT stations nearby. Additionally, the area is well-served by numerous bus services, allowing easy accessibility from various parts of Singapore.
Read this: Cheapest and largest HDBs in Singapore within 9 mins walk to MRTs (from $S550k)
Future developments
The Urban Redevelopment Authority (URA) has plans for the Central Region, including improvements to infrastructure and amenities around Mustafa Centre. Mixed-use developments are anticipated to enhance the area’s attractiveness, potentially impacting property values and rental demand.
Conclusion
Mustafa Centre is a prominent shopping destination and plays a significant role in the local property and real estate market. Its central location, cultural significance, and diverse amenities contribute to its appeal to both residents and investors.
The continuous developments and plans for the area indicate that Mustafa Centre will likely remain a bustling hub, presenting opportunities for property investment and growth.
Disclaimer: This information is intended solely for general informational purposes. 99.co makes no claims or guarantees regarding the information’s accuracy, completeness, or suitability, including, but not limited to, any assertion or assurance regarding its appropriateness for any specific purpose, to the maximum extent allowed by law. Despite all efforts to ensure that the information presented in this article is current, reliable, and comprehensive at the time of publication, it should not be used as the sole basis for making financial, investment, real estate, or legal decisions. Furthermore, this information is not a replacement for professional advice tailored to your unique personal circumstances, and we disclaim any responsibility for decisions made using this information.
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