On December 16, 2015, it was announced that real estate fund manager M&G Real Estate will become the sole owner of Compass Point mall in Sengkang, after entering into a deed to acquire the remaining 18.99 per cent of shares owned by Frasers Centrepoint. The buyout was finalized in February 2016 and M&G Real Estate announced that the mall will reopen in December 2016 after upon completion of the upgrading works under a new name and new management.
Many who responded to the rename from previous Compass Point to 1 Sengkang Mall were unimpressed.
“So, just in Sengkang itself,we have Seletar Mall, Rivervale Mall and now Sengkang Mall, so boring,” said Facebook user Disapora Ooi.
Netizen Thomas Toh called it “a lousy name”, and Jacqualine Chan made a sarcastic comment: “Wow! Lots of creativity in that name!”
“Compass Point was such a nice name what is wrong with you authorities,” wrote Anubhav Khanna.
The “Give us our new name” contest was held from Oct 15 to Oct 30.
The mall has been temporarily closed since October for upgrading works and is expected to re-open in a year with the new name.
In an earlier Facebook post, the mall announced: “We’re transforming! Our new sleek contemporary mall will feature sensational fresh elements including different concepts. And we need a great name to go with this new exciting look.”
On Nov 12, the top eight names submitted were announced.
The winning name, 1 Sengkang Mall, was announced on the mall’s Facebook page on Dec 22.