Newport Residences proposed development will include offices and apartments linked to a retail space
Newport Residences will be the first executive condominium development within the newly established town of forest in the Tengah Garden District. The project is located in The Tengah Garden Walk within District 24. The property is 22.020 acres. It covers an size which is 61.659 sq m. The site on which Newport Residences is located was extremely contested in the auction that ended in May 2021. The most favored bidder for the land was Taurus Properties (SG) Pte. Ltd. The joint venture comprising CDL as well as MCL was selected to be the winner in exchange for the highest expensive offer of $400.32 million which is equivalent to $603 for each square foot of the land.
Newport Residences is according to an analyst that the project is expected for a price between 1 190 to 1,250 dollars per square foot in accordance with the site in the Jurong Innovation District Jurong Innovation District and the brand-new MRT stations that are located in the area. Newport Residences EC was developed by developers CDL along with MCL is expected to developer about 600 dwelling units. They will be set in a vast landscape that is designed to blend into the natural environment that are part of Jurong Innovation District.
Newport Residences will comprise twelve towers with each having 14 stories. The towers will host to three to five bedroom houses. This is perfect for most families' needs. Furthermore the area has numerous services within the zone. Newport Residences EC which will also be available within the next few months. Residents will have the ability to a polyclinic, and the community center that serves as buses at an interchange and also the sports centre and further. Since it's a brand newly created district, the area is in close proximity to Shuqun Primary School which is the sole school in the district. It also houses Princess Elizabeth Elementary School. Twelve parcels are planned for education for residents inside the district.
It's the first Executive condo in the five that are planned to be built for The Tengah Garden District, Newport Residences is an appealing development that lots of people are seeking to buy.
Newport Residences will be the modern and most up-to-date integrated development that was originally designed in the form of Fuji Xerox Towers, by the well-known developer City Developments. City Developments (CDL ). The proposed development will include apartments, offices and apartments that are linked to office and retail spaces. The proposed development will be a mixed-use development with 46 levels. If the authority's approval is granted and approval given, the expectation is to be that 40% will be allocated for office and retail use, and the additional 25% areas will be used for residential use with an additional 35% that will be used for residents. There will be 250 units that will be offered for sale.
Newport Tower is situated in 80 Anson Road, surrounded by four roads. This includes four roads, which include Tanjong Pagar Road, Bernam Street, Keppel Road and Anson Road.
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According to the plans, Newport Tower is being constructed to be transformed into an apartment accessible and residential, and office space and retail spaces. The apartments currently renting in The Fuji Xerox Towers have been removed on the 1st day of July, 2021. The Group is planning to demolish this structure before beginning the construction process of developing the development.
To solve traffic or transport issues, Newport Tower (formerly Fuji Xerox Towers) is simple to access via The Tanjong Pagar MRT station along with a multitude of bus stops that are located in the vicinity of The tower. Additionally, MRT stations that are located within the vicinity include Downtown MRT station Telok Ayer MRT station in addition to Raffles Station of the MRT. The property is situated in Singapore's most exclusive mix of cultural and historical infrastructure. The brand-new property is situated within Tanjong Pagar, the first property situated in Singapore which is included in Singapore's National Conservation Strategy.
Newport Tower is located close to three MRT stations. They are located on three trains. They provide easy access into the city's downtown Downtown Core, Downtown Core Downtown Core, Downtown Core, the CBD Downtown Core, Downtown Core and all other places that requires direct travel to from Singapore.
The center point of the famous Tanjong Pagar, Newport Tower is situated within 1-1.5 km of schools of high 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's not just an important step in the right path, but also sets the standard for cultural. It's also an amusement park with entertainment parks. There are sidewalk cafes, aswell being restaurants that serve fine cuisine on the rooftops of shopping malls food courts, boutiques, and boutiques within bars and markets, as well as theatres in malls and markets, which have outdoor shows pathways, gardens, or haunts, which are distinct from other areas in the city. Imagine all this happens right at your doorstep.
CDL stated that they'd submitted the idea of Urban Redevelopment Authority to redevelop the office building, which has 38 floors Fuji Xerox Tower into the new project , named Newport Residences. The idea is similar to its plans to construct seven storeys of office building along with the retail mall Central Mall situated at Havelock Road. These two properties could be ideal for an increase in area of the land as a result of incentives from the government.
It is widely acknowledged that CDL is planning to boost the development rate for its commercial buildings which are old and are located within the business central district of Singapore due to the spread of COVID-19, which is having a an adverse effect on the net profit of the company in its first 6 months of the initial quarter of the calendar's first half and the beginning of this calendar year.
According to the most current data available Newport Tower (formerly Fuji Xerox Towers) is constructed as a mixed-use residential commercial, serviced and residential apartment comprising 46 floors, covering 650,000 sq feet. The new structure is 25% larger in GFA than the office building which is located at the site.