- Published on
Jack Ma and Alibaba will have the biggest slice of Singapore’s tallest tower
URA spokesperson said on 5 August (Friday) that they approved a building in Shenton Way with a building height of 305m at 8 Shenton Way - the highest granted by the authority for developments in Singapore.
The grant of written permission dated 7 July for the proposal by China tech giant Alibaba and a consortium of companies led by real estate firm Perennial Holdings to redevelop the AXA Tower at 8 Shenton Way into a 63-storey mixed-use skyscraper measuring up to 148,450 square metres (1.6 million square feet) in total space.
About 60 percent of the building’s permitted gross floor area may be dedicated to commercial use, with around 33 percent allocated for 215 “residential flats with sky terraces”, while the remaining percentage of space usage will be allocated for hotel component and set aside for balconies, indoor recreational space and the rooftop.
According to URA, the allowable building heights are subject to technical requirements as well as evaluation based on respective site context. Developments would have to be built in accordance to the approved plans and guidelines.
The grant of written permission dated 7 July for the proposal by China tech giant Alibaba and a consortium of companies led by real estate firm Perennial Holdings to redevelop the AXA Tower at 8 Shenton Way into a 63-storey mixed-use skyscraper measuring up to 148,450 square metres (1.6 million square feet) in total space.
About 60 percent of the building’s permitted gross floor area may be dedicated to commercial use, with around 33 percent allocated for 215 “residential flats with sky terraces”, while the remaining percentage of space usage will be allocated for hotel component and set aside for balconies, indoor recreational space and the rooftop.
According to URA, the allowable building heights are subject to technical requirements as well as evaluation based on respective site context. Developments would have to be built in accordance to the approved plans and guidelines.
The towering skyscraper, which has a maximum approved height of 305 meters, is set to be taller than Singapore’s current tallest building – the 284-meter Tanjong Pagar Centre's Guoco Tower. Expected to be completed in 2028, the iconic building has plans to include retail, restaurant, office, hotel, and residential components, with a gross floor area of 148,450 square meters.
Currently the tallest building in Singapore is Guoco Tower at Tanjong Pagar Centre which is a mixed-use development skyscraper in Tanjong Pagar of the Downtown Core district of Singapore. With a height of 283.7 m, it broke the record held jointly by UOB Plaza, One Raffles Place and Republic Plaza for more than 20 years. The residential component of Guoco Tower is Wallich Residence.
Wallich Residence situated in Singapore’s CBD contains 181 prestigious homes which offer stunning city views. Wallich Residence is designed by world-renowned Skidmore, Ownings & Merrill, they are the same architects who designed One World Trade Centre in New York (2014), Trump Tower (2009), Burj Khalifa (2010), and Willis Tower (1973).
Currently the tallest building in Singapore is Guoco Tower at Tanjong Pagar Centre which is a mixed-use development skyscraper in Tanjong Pagar of the Downtown Core district of Singapore. With a height of 283.7 m, it broke the record held jointly by UOB Plaza, One Raffles Place and Republic Plaza for more than 20 years. The residential component of Guoco Tower is Wallich Residence.
Wallich Residence situated in Singapore’s CBD contains 181 prestigious homes which offer stunning city views. Wallich Residence is designed by world-renowned Skidmore, Ownings & Merrill, they are the same architects who designed One World Trade Centre in New York (2014), Trump Tower (2009), Burj Khalifa (2010), and Willis Tower (1973).
Residents of Wallich Residence enjoys privileges such as a priceless, bird’s-eye view of the city from the Sky Gardens and the Viewing Deck, as well as the Viewing Deck at the Apex located at Level 62.
Scheduled for completion by 2028 based on earlier announcements, the new mixed skyscraper at 8 Shenton Way will dethrone the 64-storey Guoco Tower as the tallest skyscraper in Singapore a little over a decade after GuocoLand completed the tower in 2016.
However, this still pales in comparison to Malaysia who will set another world record when its megatall structure, The Merdeka 118 Tower, touted as the world's second tallest building, is due for completion by mid-2023, according to the developer at nearly 700 metres above sea level.
Merdeka 118's current architectural height is about 644 metres, measured from the ground all the way to the top. The true height of the 118-floor megatall structure in Kuala Lumpur is expected to be revealed next year, when it is fully completed.
However, this still pales in comparison to Malaysia who will set another world record when its megatall structure, The Merdeka 118 Tower, touted as the world's second tallest building, is due for completion by mid-2023, according to the developer at nearly 700 metres above sea level.
Merdeka 118's current architectural height is about 644 metres, measured from the ground all the way to the top. The true height of the 118-floor megatall structure in Kuala Lumpur is expected to be revealed next year, when it is fully completed.
Follow me on Linkedin for more property analysis & updates
0 Comments