Parkway Parade was developed by Parkway Holdings and was completed in December 1983. At that time of completion, it was one of the first suburban shopping malls in Singapore. It featured many major tenants setting up their stores in the suburbs for the first time, such as Isetan, Marks and Spencer, Yaohan Best, children's department storeSmall World and MPH Bookstores. It also featured a wide array of food choices, including Chuck'E'Cheese, Hardees', and Petite Park. The mall also had an amusement centre occupying Levels 3 and 4 and a playground at Level 7, which was the largest mall playground in Singapore at that time. In 2000, the property was sold to Asia Pacific Insurance Company, and subsequently Lendlease was appointed to manage the mall. The mall commenced its first makeover in March 2002 and was completed in two phases. The first phase included a new tenant mix, to reflect the positioning of the mall. This included anchor tenant, Giant, occupying nearly half of the third floor. The mall's second phase was completed in November 2003, with a brand-new and expanded food court at the Basement floor and an alfresco-dining area on the first floor. It also included the completion of the 'Waterfall' leisure and dining precinct with one of the country's tallest glass waterfall, a water play area, six food and beverage outdoor kiosks and a restaurant. The mall was fully renovated in November 2003. Further facelifts were done to mall's exterior featuring an expanded alfresco-dining to the first floor. in 2011, with the removal of the 'Waterfall' leisure feature and repositioning of the entrance area. Completed in end 2012, the new alfresco-dining area houses around 10 new tenants to the expansion, which includes Din Tai Fung, Papparich and Twelve Cupcakes. In 2015, another round of renovations were made to keep the mall updated. Best Denki was relocated to Level 3, together with six rows of retail shops taking a part of Giant Hypermarket's space. Cathay Cineplexes opened in September 2017, taking over the former True Fitness space at Level 7. Giant has ceased operations after an 18-year tenancy at Parkway Parade in March 2020.
