Monthly Archives: May 2013

Guoco Tower @ Tanjong Pagar Centre

Guoco Tower, a soaring 290m high skyscraper, will be the beacon that will mark the new Tanjong Pagar Centre.

Guoco Tower at Tanjong Pagar Centre

Artist’s Impression :: Tanjong Pagar Centre :: Guoco Tower :: TP180

This new integrated development with a floor space of 1.7 million sq ft will comprise premium offices, retail shops and residential units linked to a luxury business hotel.

KEY ASPECTS

  1. Guoco Tower, a 38-storey, Grade A premium office tower.
  2. TP180, offering exclusive limited collection residences above Guoco Tower with unmatched city and sea views.  It will be the tallest homes in Singapore, starting at 180 metres (equivalent to starting from the 50th floor) and reaching up to 290 metres.
  3. A luxury business hotel linked to the main tower.
  4. Six levels of F&B and retail space directly linked to Tanjong Pagar MRT station.
  5. A community space integrated with the Tanjong Pagar City Park that will offer a vibrant place for recreation and events.

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COMMERCIAL OFFICE SPACE FOR SALE

The offices at Guoco Tower are not for sale. Good quality well located strata offices available for sale are rare, especially those in sizes small enough to be swallowed by retail investors.

The good news is that Far East Organisation will be launching one such development in early 2015. This is at Woodlands Square in the Woodlands Regional Centre, the new key economic cluster that will form our northern gateway into Malaysia. This project will comprise 2 office towers with retail at the ground and basement levels. Far East intends to keep one tower for lease, but plan to sell offices in the other tower.

For details on this project, head over to Woods Square.

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OTHER DEVELOPER LAUNCHES

See the Kent Ridge Hill condo at Buona Vista Road . New upcoming project at the edge of Kent Ridge Park . Close to One North and Science Park . In the education belt area . 9 minutes walk to Pasir Panjang MRT station . Being developed and launched for sale by Oxley Holdings

Design of TP180 & Guoco Tower · Tanjong Pagar Centre

TP180 Guoco Tower @ Tanjong Pagar Centre

Design of Tanjong Pagar Centre · TP180 and Guoco Tower

Tanjong Pagar Centre is a fusion of premier office, residential, retail and hospitality spaces designed in the sleek signature style of Skidmore, Owings & Merrill (SOM), one of the most recognised architectural firms globally.

The design of Guoco Tower and TP180 epitomises the concept of a liveable vertical city that meets all the needs of urbanites in a single location.

SOM is behind some of the world’s most iconic buildings such as Burj Khalifa in Dubai, Jin
Mao Tower in Shanghai, and One World Trade Center in New York City.

ECO-DESIGN OF TP180 & GUOCO TOWER

Tanjong Pagar Centre is also a benchmark for environmental sustainability. It has already garnered several awards for its eco-friendly features. Guoco Tower has achieved the LEED (CS) (Leadership in Energy and Environmental Design) Platinum Precertification.

LEED (CS) is an internationally renowned award recognising eco-friendly buildings.

Guoco Tower, together with the hotel and retail components, has been given the Singapore BCA (Building and Construction Authority) Green Mark (Platinum) award, while TP180 will hold a Green Mark (Gold Plus) award.

SINGAPORE PROPERTY MARKET 2014 – 2015

This project was launched for sale in December 2013 to a generally muted response, coming as it did on the heels of the runaway success at Duo Residences. The next similar project will be the Marina One condo at Marina Bay, which is selling at a lower pricing than for Guoco Tower.

For the first quarter of 2014, several new suburban condominium developments will be launching for sale, including Panorama in Ang Mo Kio, Riverbank @ Fernvale, and Rivertree Residence.

Closer to the city, on the fringe fronting Kallang River, but within walking distance of Lavender MRT station, will be a new freehold condo called Kallang Riverside condo. To launch in the 2nd Quarter of 2014, at the same time as another much anticipated new condominium project right next to Queenstown MRT station. Called Commonwealth Towers, it will be by one of the most established developers, Hong Leong Holdings.

Projects that launched in Q3 of 2014 include Seventy St Patricks that sold out 65% of its units at the Preview. Other projects that are anticipated to launch soon, possibly in the last quarter of 2014 are Marine Blue condo, also a freehold project in Marine Parade and Tre Residences at Aljunied MRT Station.

Another one of interest is ParkSuites Condo, a mixed development opposite Henry Park Primary School. It would interest parents seeking to own an address within 1km of Henry Park for an affordable price, as the units here will be mainly small SOHO units.

SINGAPORE PROPERTY MARKET 2018

Fast forward to 2018: following the quieter years of 2013 to 2016, the market picked up steam in 2017, when almost all the existing projects practically sold out all their units. This prompted developers to replenish their land banks through a stream of en bloc or collective sales, that turned into a veritable river, as owners of older condominiums jumped enthusiastically into the tide.

Several new launches resulted, starting in early 2018. Some of those included Affinity at Serangoon, Garden Residences, and Verandah Residences (that sold out within 3 months of its launch). For the 2nd half of 2018, upcoming launches include Arena Residences at the Guillemard area on the city fringe near to Kallang Stadium, and Parc Esta just across from Eunos MRT station, on the site of the former Eunosville HUDC flats.

Tanjong Pagar Centre :: Guoco Tower :: TP180

Source: Straits Times 3 May 2013

The upcoming mixed-use development to be built on top of Tanjong Pagar MRT station is to be called the Tanjong Pagar Centre. It comprises a soaring skyscraper, Guoco Tower, with a residential component at the top called TP180, and a podium block housing retail spaces.

The 64-storey Tanjong Pagar Centre will stand at 290m and will be Singapore’s tallest building by the time it is completed in 2016, said the developer, Singapore-listed GuocoLand.

Tanjong Pagar Centre :: Guoco Tower & TP180 Tower

Source: The Straits Times 3 May 2013

This means it will edge out One Raffles Place, Republic Plaza and United Overseas Bank Plaza One, which are all 280m high.

It will also trump Singapore’s tallest residential skyscraper, the 245m Marina Bay Tower, which is part of The Sail @ Marina Bay and stands at 70 storeys.

The maximum building height allowable in Singapore is 280m but GuocoLand manage to obtain permission to build Tanjong Pagar Centre up to 290m.

Tanjong Pagar Centre will consist of a tower housing Grade A office space (Guoco Tower), residences (TP180) and retail space. This will be linked to a luxury business hotel housing about 200 rooms.

Its office section will take 38 storeys and have 850,000 sq ft of net lettable space.

As the office units have higher ceilings than the residences, the height of the office tower is roughly that of a 50-floor residential building. This portion, TP180 will be on top, taking up the 39th to 64th storeys.

It will have nearly 200 units ranging from one- to four-bedders and penthouses.

TP180 starts at the 180m mark and reaches to 290m, eclipsing Far East Organization’s 62-floor condominium Altez nearby, that is 250m high.

GuocoLand has said the homes will be priced at a premium to the surrounding area.

HSR research head Elaine Chow thinks that they could be sold at above $3,000 per sq ft (psf), given the project’s location directly above the Tanjong Pagar MRT station, and view of the city skyline. The 100,000 sq ft of retail space in Tanjong Pagar Centre will be integrated with the MRT station below.

Tanjong Pagar Centre is GuocoLand’s first mixed-use project in Singapore, and was estimated in 2011 to cost $3.2 billion, including cost of land.

According to Guocoland, construction cost alone is around $700 million.

GuocoLand, controlled by Malaysian billionaire real estate developer Quek Leng Chan, paid $1.71 billion – or $1,006 psf per plot ratio – for the white site at the corner of Choon Guan and Peck Seah Street in February 2011.

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OTHER DEVELOPER LAUNCHES

Nyon condo . New condominium launch along Amber Road . 3 minutes walk to Tanjong Katong MRT station . Freehold new development by Aurum Land . Contact us for details & Showflat Viewing