Opened in 1982, The mall occupied the first five floors with 8,632 m2 of net lettable area of No.

This branding was a result of a makeover in 1985, prior to which it catered chiefly to the needs of wealthy Indonesian tourists.

In 2004, The Ascott Group sold the entire building to Wheelock Properties (Singapore) (then known as Marco Polo Developments) for S$345 million.

The shopping mall, previously under the management of CapitaLand Retail, was transferred to Wheelock Properties.

In 2006, Wheelock Properties announced plans to demolish the entire building and redevelop it as a luxury residential development of 43-floors, of which three floors would be devoted to an upmarket shopping mall.