The Star Vista will reap $15m annual profit: CMA

Property developer also foresees a 6% NPI yield for the soon-to-open mall.

In its presentation slides for The Star Vista released via the Singapore Exchange, CMA revealed its projected returns for the mall, which opens next month.

It estimates a recurring PATMI of S$15m per annum and a projected NPI yield on valuation ~ 6.0%, both hinged on a stabilised basis.

The Star Vista was also revealed to already have 80% of NLA committed, with more than 25% new-to-market concepts set to launch in the mall, including dining offerings like Wrap & Roll and Owl Cafe, as well as retail offerings like eyebar and Footin.

The Star Vista is 100.0% owned by CMA and will have three levels (B1 to L2) of retail offerings located at Vista Xchange. Main subway will be at Buona Vista MRT interchange station that serves both the above-ground East West Line and the underground Circle Line, and the maill will have 800 car park slots servicing its roughly 258,000 sq ft gross floor area.