38-story Fuji Xerox Tower office building revamped into Newport Residences
Newport Residences will be the first executive condominium development in the recently established forest town of Tengah Garden District. The development is situated within The Tengah Garden Walk within District 24. The parcel of land comprises 22.020 acres. It covers a total area of 61.659 square meters. The site in which Newport Residences is situated was highly contested when it came to the auction closing in May, 2021. The top contender was Taurus Properties (SG) Pte. Ltd. The joint venture comprised of CDL and MCL was chosen to be the winner of the contract in exchange for the most expensive bid of $400.32 million that is equal to $603 per square foot of land (psf relative with plot).
Newport Residences is according to an analyst that it is expected to cost between $1,190 and 1,250 dollars per square feet, according to the location of Jurong Innovation District Jurong Innovation District and the new MRT stations in the area. Newport Residences EC was developed by developers CDL together with MCL will developer around 600 dwelling units, which will be surrounded by extensive landscaping designed to blend in with the natural surroundings of the Jurong Innovation District.
Newport Residences will comprise twelve towers, each having 14 stories. The towers will be home to 3 to five bedroom homes. This is ideal for the majority of families' requirements. In addition, there are numerous services close to those within that area. Newport Residences EC which will also be accessible in the near future. Residents will have access to use a polyclinic as well as a community centre to serve an interchange for buses as well as a sports center and additional. Because it's a new district, it's located within 2km of Shuqun Primary School that is the only school in the district and also Princess Elizabeth Elementary School. Twelve parcels are designed for education for those living within the precinct.
It is the very first Executive condo among the five planned for The Tengah Garden District, Newport Residences is certainly an appealing project that a lot of people are looking to purchase.
Newport Residences will be the latest and most contemporary integrated developmentthat was redesigned earlier as Fuji Xerox Towers, by the famous developer City Developments. City Developments (CDL ). The project is expected to comprise offices, apartments and apartments which are connected to retail and office space. The development proposed would be a mixed-use integrated development that will comprise 46 levels. If the approval of the authority is granted and approval is is accepted, it's anticipated to be that forty% will be allocated to retail and office use and other 25% spaces will also be used for residential purposes by another 35% to be used to house residential uses. There will be 250 units to be available for purchase.
Newport Tower is located in the 80 Anson Road, surrounded by four roads. This includes four roads comprising Tanjong Pagar Road, Bernam Street, Keppel Road and Anson Road.
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As per the plan, Newport Tower is being constructed to transform into an apartment that is serviced and residential as well as retail space and offices. The apartments that are leasing in The Fuji Xerox Towers have been taken away on the 1st the month of July in 2021. The Group is moving to tear down the structure prior to the building process of development of the development.
For transport or traffic issues, Newport Tower (formerly Fuji Xerox Towers) is easy to access through The Tanjong Pagar MRT station as well as a number of bus stops located within close proximity of The tower. Additional MRT stations located in the area comprise Downtown MRT station Telok Ayer MRT station, as well as Raffles Station of the MRT. The property is located in Singapore's most exclusive combination of historical and cultural facilities. The brand new property is located in Tanjong Pagar, the first property located in Singapore which is included within Singapore's National Conservation Strategy.
Newport Tower is situated close to three MRT stations that are located on three trains to provide convenient access to the downtown core Downtown Core, Downtown Core, the CBD Downtown Core, Downtown Core and any other place you're required to travel directly from Singapore.
The central point in the famed Tanjong Pagar, Newport Tower is within 1-1.5 km distance from schools that have a great standing. There are schools such as Cantonment Primary School, Outram Secondary School, Catholic Junior College.
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At any time, Tanjong Pagar satisfies many requirements. The enclave isn't only an important step on the right track and sets the bar for cultural. It's an amusement park and entertainment park. It's awash with sidewalk cafes, as well as restaurants with fine cuisine, on rooftops shopping malls, boutiques and food courts inside markets bars, malls market Proscenium theaters theaters that have open-air shows, paths, gardens or haunts, that's distinct from other places within the metropolis. Imagine that all of this is happening right in your backyard.
CDL declared that they had submitted an idea it pitched an idea to Urban Redevelopment Authority to redevelop the office building that is 38 levels Fuji Xerox Tower into the new project , dubbed Newport Residences. The plan is also akin to it also plans to build the construction of a seven-storey office structure as well as the commercial mall Central Mall situated at Havelock Road. Both properties could be suitable for an increase in the size of land by way of incentives provided by the Government.
It's widely known that CDL intends to boost the rate of development for its commercial buildings that are old located in the central business area of Singapore, following the spread of COVID-19 that is having a detrimental effect on the company's net profits during the first six months in the first quarter in the calendar first half of the year.
According to the latest information available, Newport Tower (formerly Fuji Xerox Towers) is being planned as a mixed-use residential, commercial and serviced apartments with 46 floors that cover the area of 650,000 sq ft. The new structure will be 25% higher GFA than an office structure which is located on the site.