With the new development to transform the current KTM station site into a Waterfront City development, a new landmark is emerging next to Tanjong Pagar MRT.
A partial extract of press release about GuocoLand awarded the tender for the Tanjong Pagar white site.
PRESS RELEASE
February 23, 2011
A NEW WORLD-CLASS ICON IN SINGAPORE
WHITE SITE AT TANJONG PAGAR
Signing of Building Agreement with
the Government of Singapore
1. GuocoLand’s wholly-owned subsidiaries, Perfect Eagle Pte Ltd, Guston Pte Ltd and Belmeth Pte Ltd, which were awarded the tender for the Tanjong Pagar white site at Peck Seah / Choon Guan Street in November 2010, have signed the Building Agreement with the Government of Singapore.
2. The land parcel will be transformed into an exciting world-class development featuring over a million square feet of central Grade A office space, together with quality hotel and retail components, and potentially being Singapore’s tallest ever residences which will reach a height of 280 metres above mean sea level or an equivalent of approximately 78 storeys. The Group’s future commercial and residential development will have a total gross floor area of approximately 1.7 million square feet which will fully integrate with the adjoining Tanjong Pagar MRT station. This large-scale development will also form an integral part of Tanjong Pagar as a live-work-play precinct, in line with Singapore being a leading global financial and business hub.
3. The purchase price for the 99-year leasehold site is $1,708,080,000 or $1,006 per square foot per plot ratio. The land parcel occupies a unique prime location in the heart of the city centre at Tanjong Pagar, the southern gateway to Singapore’s Central Business District (“CBD”). The culturally-rich Tanjong Pagar precinct is a well-established commercial hub with a ready catchment of retail, food and beverage, lifestyle and entertainment offerings at Duxton Hill and the historic district of Chinatown.
A partial extract of press release about GuocoLand awarded the tender for the Tanjong Pagar white site.
PRESS RELEASE
February 23, 2011
A NEW WORLD-CLASS ICON IN SINGAPORE
WHITE SITE AT TANJONG PAGAR
Signing of Building Agreement with
the Government of Singapore
1. GuocoLand’s wholly-owned subsidiaries, Perfect Eagle Pte Ltd, Guston Pte Ltd and Belmeth Pte Ltd, which were awarded the tender for the Tanjong Pagar white site at Peck Seah / Choon Guan Street in November 2010, have signed the Building Agreement with the Government of Singapore.
2. The land parcel will be transformed into an exciting world-class development featuring over a million square feet of central Grade A office space, together with quality hotel and retail components, and potentially being Singapore’s tallest ever residences which will reach a height of 280 metres above mean sea level or an equivalent of approximately 78 storeys. The Group’s future commercial and residential development will have a total gross floor area of approximately 1.7 million square feet which will fully integrate with the adjoining Tanjong Pagar MRT station. This large-scale development will also form an integral part of Tanjong Pagar as a live-work-play precinct, in line with Singapore being a leading global financial and business hub.
3. The purchase price for the 99-year leasehold site is $1,708,080,000 or $1,006 per square foot per plot ratio. The land parcel occupies a unique prime location in the heart of the city centre at Tanjong Pagar, the southern gateway to Singapore’s Central Business District (“CBD”). The culturally-rich Tanjong Pagar precinct is a well-established commercial hub with a ready catchment of retail, food and beverage, lifestyle and entertainment offerings at Duxton Hill and the historic district of Chinatown.
