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.