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.
SINGAPORE PROPERTY MARKET 2022
By 2021, most of the earlier launches have sold out, or are close to selling out. This year sees the launch of a new batch of residential projects, at amazingly even higher price points, despite the pandemic. The most watched out for are likely to be a handful of integrated developments. Namely the Reserve Residences at Jalan Anak Bukit in the Upper Bukit Timah / Beauty World precinct, Piccadilly Grand alongside Piccadilly Galleria in Little India, Sceneca Residence with Sceneca Square at Tanah Merah, and Lentor Modern at Lentor Hills.
Of these, Piccadilly Grand is the first to launch. Indicative pricing is in the region of $2,2xx PSF average. The Reserve Residences price range will probably be slightly higher than this, as it the cachet of being in the Bukit Timah neighbourhood. Also, it enjoys views of Bukit Timah Hill and Nature Reserve. While Lentor Modern and Sceneca Residence will probably be closer to that of Piccadilly Grand.
All these are directly connected to their respective MRT stations too. Piccadilly Grand sits at exit C of Farrer Park MRT station. The Reserve condo is linked underground directly to the concourse level of Beauty World MRT station. Sceneca Residence is right in front of Tanah MRT station, while Lentor Modern is at Lentor MRT station on the newly opened Thomson-East Coast Line.
Most of these projects also enjoy the benefit of being located in partly low rise private residential estates. Such as Sceneca Residence in the Tanah Merah private residential estate, Lentor Modern in the Lentor Hills enclave, and the Reserve Residences in the Toh Tuck / Beauty World neighbourhood.