Originally opened on 1 August 2002,[1] the mall closed for extensive renovation works on 26 October 2015 and re-opened on 1 September 2016.

Educational panels and informative posters are mounted on railings and walls, which feature interesting trivia based on particular themes updated periodically.

After getting feedback from the public and commissioning a survey of residents in the area, conducted by international property adviser DTZ Debenham Tie Leung Limited, the mall's developer, Centrepoint Properties, proposed the learning theme for the shopping mall to cater to the predominantly young families of Sengkang New Town.

In December 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 percent of shares owned by Frasers Centrepoint.

The buyout was finalised in February 2016 and M&G Real Estate announced that the mall will reopen on 1 September 2016 after upon completion of the upgrading works under a new name and new management.