High hopes: Singapore’s upcoming tallest building aims to rejuvenate Tanjong Pagar

The developer of Tanjong Pagar Centre is pinning its hopes on their latest development to be at the heart of efforts to rejunenvate the Tanjong Pagar District, according to President and CEO of Guocoland Group, Mr Raymond Choong.

Mr Choong was speaking at the development’s topping up ceremony on Wednesday (Jan 13), which was attended by National Development Minister Lawrence Wong.

“Tanjong Pagar Centre makes two key contributions to the Singapore city. It will act as a catalyst in accelerating the rejuvenation and transformation of Tanjong Pagar District into a business and lifestyle hub in the CBD,” said Mr Choong. “Additionally, its ‘Integrated Vertical Living’ design concept offers a model for Singapore’s urban future.”

Calling the building “Guocoland Group’s S$3.2 billion flagship development in Singapore”, Mr Choong said that it will at to the group’s “growing portfolio of large-scale integrated mixed-use investment properties in Singapore and the region”.

“This is in line with Guocoland’s growth strategy to grow our investment income through iconic mixed developments in selected gateway cities in Asia,” he added.


At 290 metres high, Tanjong Pagar Centre is set to be Singapore’s tallest building. The mixed-use development will combine 890,000 square feet of office space, 100,000 square feet of retail, a park with more than 200 hotel rooms and 181 residences.

Guocoland says the take-up rate for its office space in Guoco Tower to date is approximately 10 per cent, with tenants including DNB Asia, Hong Leong Bank and Regus.

Meanwhile, leasing commitments for its retail space is at 60 per cent, with the developers having secured an anchor lifestyle/retail tenant in Virgin Active.

For its hotel component, Guocoland has signed an agreement with AccorHotels to manage its hotel. Named Sofitel Singapore City Centre, the hotel is expected to open in the third quarter of 2016.

The TOP for Tanjong Pagar Centre is scheduled for mid-2016.

Source : Channel NewsAsia – 13 Jan 2016

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