Posted on 2 May 2013
S’pore’s tallest building to be built above Tanjong Pagar station
SINGAPORE: Singapore’s skyline is set to welcome its tallest building in 2016 at a site above Tanjong Pagar MRT station.
Developer GuocoLand said the 67-storey office-cum-residential tower will form part of the upcoming integrated development called the Tanjong Pagar Centre.
At 290 metres high, the building will soar above Republic Plaza, One Raffles Place and UOB Plaza One, which are 280 metres tall each.
The Tanjong Pagar Centre will feature TP180 – Singapore’s tallest condominium that starts from 180 metres or 50 residential storeys above ground.
GuocoLand said this unique feature should appeal to international investors.
Group managing director of GuocoLand, Trina Loh said: “We are looking at the investment market, the international market. The product is very important. The product has to be unique in Tanjong Pagar.
“I mean the way we have gone about it, is really – the residential block is above the office. In fact, there are no buildings – residential buildings where it starts 180 metres above ground.
“We are very confident our product and the residential component starting at above 180 metres which is really above 50 storeys for residential should command a premium price compared to the area.”
Currently, a private condominium in the area is going for about S$2,000 per square foot.
GuocoLand is looking to put up TP180 for sale in the second half of the year depending on market conditions.
TP180 will have some 200 residential units of 1 to 4-bedroom apartments, and 38-storey Grade A Offices – making up 60 per cent of space in the mixed development.
GuocoLand said it has yet to confirm an anchor tenant.
Research head at Chesterton Suntec, Colin Tan said: “Most of the demand comes from the financial institutions. And I think at the moment, we may not see the light at the end of the tunnel yet. Demand is very uncertain, and because of that, rents may steadily come down.”
Besides residences and office space, Tanjong Pagar Centre spanning 1.7 million square of floor space will also feature six levels of retail and F&B space linked to the underground Tanjong Pagar MRT station.
A luxury business hotel will also be built next to the main tower housing the residences and office space.
Source: Channel News Asia link
Posted on 23 February 2011
Building Agreement signing for white site at Peck Seah Street / Choon Guan Street
The Building Agreement for the White site at Peck Seah Street / Choon Guan Street was signed today between the Government of Singapore and the successful tenderer of the sale site. The Agreement spells out the rights and obligations of the parties with regard to the development of the site.
Wholly-owned subsidiaries of GuocoLand Limited comprising Perfect Eagle Pte. Ltd., Guston Pte. Ltd. and Belmeth Pte. Ltd., were awarded the tender for the White site at Peck Seah Street / Choon Guan Street on 22 November 2010. The land parcel was launched for tender by the Urban Redevelopment Authority (URA) on 30 July 2010 and closed on 16 November 2010.
Mr Ng Lang, Chief Executive Officer of URA, signed the Agreement as Collector of Land Revenue for the Government of Singapore. Mrs Trina Loh, Group Managing Director of GuocoLand (Singapore) signed on behalf of Perfect Eagle Pte. Ltd., Guston Pte. Ltd. and Belmeth Pte. Ltd.
Strategically located partly above Tanjong Pagar MRT Station and fronting the key junction of several major roads such as Maxwell Road, Cecil Street, Anson Road and Robinson Road, the land parcel will be transformed into a high-quality office and hotel development that will further anchor the precinct as a prominent business hub within the city centre. Taking advantage of its location within the Central Business District (CBD), the future development will comprise predominantly office use, with a hotel component. This will build up the critical mass of prime office space in the Tanjong Pagar area while meeting the needs of business travellers and tourists. The site may also be developed for other commercial or residential uses. This mix of uses will ensure that the area remains vibrant round the clock.
A public space of at least 1,000 square meters will be built on the ground floor of the new development fronting Tanjong Pagar Park, which will be refurbished. This will allow for public events, such as exhibitions and performances to take place. Retail, food and beverage establishments will also help to enliven the street level space.
The new development will be linked directly to Tanjong Pagar Station and surrounding developments, including Capital Tower, International Plaza and 8 Shenton Way via an existing extensive underground pedestrian network. It will also enjoy easy access to other key districts within the city, such as the CBD and the Marina Bay area. Its proximity to the Ayer Rajah Expressway (AYE), East Coast Expressway (ECP) and Central Expressway (CTE) provides excellent connections to the rest of the island and Changi Airport.
About the White site at Peck Seah Street / Choon Guan Street
The White site at Peck Seah Street / Choon Guan Street occupies a site area of 15,023 square meters. A minimum of 60 per cent of the total permissible Gross Floor Area (GFA) is to be developed for office use and a further minimum 10 per cent of the total GFA has to be allocated for hotel use. The remaining GFA can be developed for additional office space and other allowable uses under the White land-use zoning, such as hotel, residential, retail and entertainment.
Source: URA link