Newport Residences is a brand new mixed-use development that includes the commercial Newport Tower, Newport Plaza, and the Newport Residences condo building, which has 256 residential apartments available for rent or purchase. This project is very unique in that it’s the sole new launch freehold integrated development at the present time.
City Developments now owns the land where it is being constructed, which once housed an office building known as the Fuji Xerox Tower. The Central Business District (CBD) incentive program will be used by CDL in order to redevelop Newport.
The plan is to revitalize the city’s central business center while also modernizing the city’s aging neighborhoods in order to make way for the construction of the Newport Residences.
Newport Residences History
At the southernmost tip of Singapore’s central business district, Tanjong Pagar is home to Newport Tower, which sits on its own coastline. Major roads such as Tanjong Pagar Road, Bernam Road, and the Keppel Viaduct that is located over Keppel Road serve as its boundaries. Tanjong Pagar is among the oldest areas of the Central Business District (CBD), and it has a history that is both rich and varied. The brand-new integrated mixed-use complex will include residences and serviced apartment spaces, in addition to social and commercial areas.
As a result of the financial incentive program, the new office building will have a total floor area that is 25% larger than the one it will replace. Therefore, it will encompass a total of 60,851 sq m of gross floor area (GFA). Approximately 25% of this is dedicated to the usage of serviced apartments, 35% to residential functions, and 40% to commercial and retail space . The Japanese company Nikken Sikkei is the Lead Architect for the project, while ADDP Architects is working collaboratively with them as the Project Architect.
Location of Newport Residences at Tanjong Pagar
In addition to being located in the Downtown core, Newport Residences is also in close proximity to not one but two MRT stations. The Prince Edward Road station, which is now under construction to complete the Circle Line, will be the most convenient option for passengers. The nearest exit is about 200 meters away, which is around a three-minute walk away. The second station, which serves the East-West MRT line and is located at Tanjong Pagar, is likewise within walking distance.
After taking into account the need to cross highways along the way, the distance to its closest exit C is about 6 minutes of walking. Newport Tower, which is also situated inside the Greater Southern Waterfront planning zone, is anticipated to profit from the forthcoming makeover as a result of its proximity to the zone.
The buildings that adjoin Newport Tower are mostly office skyscrapers, some of which also include ground-level food and beverage and retail establishments.
This led to the creation of a bustling downtown environment in the area, complete with a diverse selection of stores and restaurants that serve the local office employees. It is also around a seven-minute walk from the landmark local development skyscraper known as Guoco Tower, which is located near the Tanjong Pagar MRT station.
This includes office space, a hotel, six floors of retail space, and the Wallich Residence, which has apartments with prices ranging from $3,000 to about $4,000 per square foot.
Fuji Xerox Tower En Bloc
CDL said that it has filed proposals with the Urban Redevelopment Authority to rehabilitate the 38-story Fuji Xerox Tower office complex in Tanjong Pagar. Under the state’s incentive programs, both properties may get larger plot ratios.
The Downtown Master Plan will convert the region around the old Fuji Xerox Towers into a fashionable, urban neighborhood, bringing with it attractive streets and cozy squares for future inhabitants. Anson and Cecil Roads will be bustling with “city arcades” along tiny side streets and streetscape enhancements that facilitate the finest of urban life.
Plans call for Anson Road to have much more accessible and sustainable urban streets, as well as an abundance of facilities and restaurants. Enjoy the convenience of grabbing supper or squeezing in a workout class on your way home from work, all within a short walk of the old Fuji Xerox Towers! Pockets of open communal areas are also being developed, providing enough possibilities for much-needed relaxation.
See what awaits you here Newport Residences. Visit newport-residences.net for more info.
