By 2030, the CEOs of companies have committed to cutting their real estate emissions by 50%

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Read also: Mount Elizabeth Hospital will receive a $350 million renovation

Mount Elizabeth Hospital will receive a $350 million renovation

The CEOs of world-wide real estate companies have agreed to cut down on the emissions of their real estate businesses by 50% by 2030 , and to reach net-zero carbon by 2050, as per an announcement by the World Economic Forum (WEF). The forum will be holding its annual conference at Davos, Switzerland from Jan 16-20, 2019.

Buildings account for 37% of all carbon dioxide emissions according to Mathew Black from WEF’s director of the financial and monetary system. “Leaders across all industries bear an obligation to act regarding their greenhouse gas emissions from the real estate sector to ensure that progress is made in fighting global warming,” he says.

The pledge’s signatories include real estate-related services companies Avison Young GPFI Group and JLL, developers Edge and Majid Al Futtaim Properties and investment company Ivanhoe Cambridge. The specialist in energy management Schneider Electric and lighting provider Signify have also signed the pledge.

The companies will achieve the targets through the implementation of the WEF’s Green Building Principles. The report was developed by JLL in collaboration with JLL and released in the year 2000 it outlines the steps needed that will result in zero green real estate properties.

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One-bedroom apartments at Riviere are currently selling for at least $3,000 per square foot

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The Lakegarden Residences enbloc

One of the most recent transactions of 2022 witnessed the setting of a new high psf-price established at the forthcoming Riviere District 3. The purchase of a 560 sq . ft one-bedroom apartment cost $1.89 million ($3,386 per square foot) as the developer was able to sell it on December 31st 2022. It is higher than previous records which was established with the purchase of 2,002 sq . ft four-bedroom home at $6.7 million ($3,346 per sq ft) back in July , 2020. This is also the most expensive price for a condo that have reached psf-price record highs in Singapore during the time period Dec 27 to 2022.

The Lakegarden Residences enbloc of residential developments in the area, the demand for The LakeGarden Residences is set to be high.

Riviere is a prestigious future mixed-use project by Frasers Property Singapore. The development, which is 455 units, is situated on the site of the former Zouk nightclub located at Jiak Kim Street, on the banks of the Singapore River. The development comprises two 36-storey residential towers and an low-rise, four-storey structure with 80 apartments that are serviced and riverside warehouses which were converted to commercial purposes and to provide amenities.

The project was announced for sale in June of 2019. Because of the high-end status for the project in general the prices at Riviere have been consistent over the last 3 1/2 years. According to developer sales figures submitted to URA At least 411 units (90%) have been sold by the end of December 2022.

Prices have also increased in line with the sales growth at the new development. When it first went live the one-bedroom units cost $2,580 psfor $1.53 million. One-bedders that remain are being sold for at minimum $3,000 per sq ft, like the purchase of a 560 square foot apartment for $1.69 million ($3,023 per square foot) on the 21st of November 2022.

Record-breaking psf prices were also shattered by Nassim Mansion in prime District 10, where a 2,852 square feet, four-bedroom property was sold to the tune of $9.28 million ($3,253 per square foot) on December 29 2022. Prior to that the record-setting psf price had been a $312 square foot four-bed unit that sold for $10.6 million ($3,107 per square foot) in June of 2018.

Nassim Mansion It is freehold development completed in 1977, meaning it will turn 46 years old in the year. It is located at Nassim Hill, the development is located in a prestigious residential enclave that is close to Singapore Botanic Gardens. Singapore Botanic Gardens and Singapore Botanic Gardens, the Orchard Road shopping belt and other luxurious neighborhoods.

The central location of the property ensures that Nassim Mansion is in close proximity to major services, amenities and institutions. For instance, the house is located less than 400m away distance from Gleneagles Medical Centre and Hospital It is also near major embassies on Napier Road and Tanglin Road.

The appeal of the area implies that the units are held in tight control. Based on URA restrictions that only 11 units in Nassim Mansion have changed hands during the last five years. The largest unit sold , and the one that had the highest price per square foot was a 7,115 sq . ft. penthouse, which was purchased at $14.88 million ($2,091 per square foot) in April of this year.

But, Nassim Mansion is not able to have the highest average value for Nassim Mansion. Nassim Road area. Based on the caveats that the property has an average of $2,923 per sq ft. According to property data collected through EdgeProp Singapore, the average price at some modern developments are significantly higher than the old-fashioned condo that is 46 years old.

As an example, The Nassim which was completed in 2015 is estimated at $4,663 per sq ft. Nassim Park Residences which was completed in 2011, recorded an average cost of $3,885 per square feet. The unfinished, ultra-luxury property The Nassim Maison is astonished by the average price of $5,496 per sq ft.

The new projects One Pearl Bank and The Landmark in District 3 rounded out the year with new psf-price levels. Both projects happen to be located in Pearl’s Hill, with the first project launching in July 2019 and the other in November 2020.

700 sq ft two-bedroom home set a price-per-square-foot record in One Pearl Bank, when the developer offered it for sale at $2.1 million ($3,009 per sq ft) on December 27 the year before. It’s a little more than the previous record that was a 560 sq feet, one-bedroom unit which was sold in August 2022 for $1.66 million ($2,973 per sq ft) in August 2022.

One Pearl Bank is a 774-unit property development owned of property large CapitaLand. The project has a total of 25% of units in the project were sold in the first sales launch. The project is estimated to be 95% sold by the end of 2022.

The same time The Landmark, a nearby project, The Landmark, also achieved a record price per square foot in which two 678 sq ft two-bedroom units purchased to buyers for $1.89 million ($2,802 per square foot) on December 29 in the year prior. The previous record was held for a short time by a 495 square foot unit, which was sold at $1.37 million ($2,787 per square foot) on the 18th of December 2022.

The Landmark is developed jointly by a group of developers consisting of MCC Singapore, SSLE Development and ZACD Group. The entire project is comprised of 396 units. Developer the sales of The Landmark have performed fairly well, selling around 27.5% of units during the first month of sales. it has steadily increased to 53% at the end of 2022.

There were no lows in the psf-price index during the time period from December 27-31, 2022.

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Bagnall Court, the first item up for auction in 2023, went for $115.28 million

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The Lakegarden Residences floor plan

Bagnall Court, the freehold condominium of 43 units located on Upper East Coast Road, was purchased by a group of investors for $115.28 million. The cost is based on the land’s rate of $1,106 per plot ratio (ppr) which includes the 8% additional Gross Floor Area (GFA). The deal was negotiated by JLL along with Dentons Rodyk serving as advisor to the sellers.

“The site was sold during the period of private treaty for 10 weeks after the end of tenders in the month of October 2022,” states Tan Hong Boon, JLL executive director. The site has a development baseline area that has an equal gross plot rate (GPR) in the range of 1.4904 and no land improvement charge.

The Lakegarden Residences floor plan desirable location in the Jurong neighbourhood where residents enjoy proximity to a myriad of amenities.

In the new 2019 Master Plan, the 69,563 square feet site is classified as ‘Residential and has an average GPR of 1.4 and an allowed height of up to five stories. The site could be developed into a 106-unit new residential development that has a minimum maximum of 85 square meters.

Bagnall Court is situated just five minutes away from the Sungei Bedok MRT interchange station, which will be used by The Thomson-East Coast and Downtown Lines. Its MRT station is scheduled to be completed by 2024. The surrounding area of Bagnall Court up to the Bayshore Road precinct is being transformed as part of URA’s revitalization plan with new roads as well as directly access to East Coast Park.

The surrounding area of Bagnall Court up to the Bayshore Road precinct is undergoing an extensive transformation under URA’s rejuvenation program, with new roads, which have straight access to East Coast Parkway, a new transportation hub, brand new housing units for private and public use along with various other amenities and services that are planned.

“Given the high turnout for the preview for Sceneca Residences on January 1st, the low supply of freehold units in the Bedok planning area and great connectivity, we expect a significant demand for the residential units that will be part of this brand new development [at Bagnall Court],” Tan adds Tan.

It is the first collective sale site that was sold in 2023. The tenders coming to collective sales sites by JLL comprise Manhattan House, Shenton House, Lakeside Towers and Horizon Towers that will be launched this month and in the coming.

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One Holland Village Residences has an occupancy rate of 80%

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The Lakegarden Residences launch price

One Holland Village Residences, an apartment complex of 296 units located on Holland Village Way, has been able to see the equivalent of 80% or 237 units sold, as per an announcement on the 11th of January from the Far East Organization.

The Lakegarden Residences launch price to house luxurious residential property that will host 300 sophisticated and elegant apartments.

The 99-year leasehold forms part of the One Holland Village mixed-use development developed by Far East Organization and joint-venture partners Sekisui House and Sino Group. The project includes residential, serviced apartment , and office elements in addition to space for community use.

“We are delighted to begin 2023 with a positive outlook following the success of numbers of One Holland Village Residences,” says Michelle Tang, deputy director residential sales for Far East Organization. “Our customers are attracted by the One Holland Village’s prime locale an attractive and unique offering and excellent use of well-curated spaces specifically created for recreational and community usage.”

More than 90% of buyers who purchase One Holland Village residences reside locally and the majority of them are residents of Districts 10 and 11. When it comes to the foreign purchasers, Americans are the most of the buyers being followed closely by Indonesian and Chinese buyers. Based on Far East Organization, 35% of buyers purchased an investment property.

One Holland Village Residences was launched for sale in the year 2019. It consists of three properties: Sereen, Leven and Quincy Private Residences. Sereen is a 34-storey building featuring 248 apartments composed of one-to-three-bedders with a total of between 484 and 1,098 square feet. As per Far East Organization, Sereen has been able to achieve an average of $2,649 per sq ft with the majority of% in the single-bedders sold.

Leven is a cluster of 21 apartments spread over low-rise , three-storey blocks. They are all two-bedders that range from 807 and 1,087 square feet. As of now 19 units in Leven were sold for an average cost of $2,909 per square foot.

In addition, Quincy Private Residences features 27 luxurious units comprised of three and four-bedroom units that range from 1,238 to 3,358 square feet. There’s also a penthouse that measures 3,488 square feet. So far the penthouse as well as the entire four-bedroom unit are sold, including one four-bedder located on the 27th floor, which was sold for $7.15 million ($3,426 per square foot) on August 20, 2022. It was an all-time high for the project in terms of price per square foot. The units sold in Quincy Private Residences achieved an average of $3,233 per square foot.

In its press announcement, Far East Organization also stated the fact that One Holland Village’s component for retail – One Holland Village Shops – has been operating at an occupancy of 85% Based on the commitment of leases and leases in the process of final execution. The mall has 44 tenant leases were secured in the 3-storey mall. The leases secured amount into a net lettable space of 95,373 square feet.

Tenants confirmed with brand new concepts include Lil’Kinki through Kinki Restaurant & Bar, the homegrown classic Chinese medical company Pulse TCM, hipster cafe Caffeine Xpress and Plain Meredith by Baker’s Brew. An anchor Tenant CS Fresh will take up around 8,000 square feet of mall space.

One Holland Village Shops is set to open by close of the year, and One Holland Village Residences is scheduled to be completed by the end of 2024.

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Key leadership posts for Singapore and the Asia Pacific region have been filled, according to Colliers International

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The Lakegarden Residences showflat

Colliers International has announced the nominations of leadership positions in Singapore as well as Asia Pacific. On Jan 10, the firm named Bastiaan van Beijsterveldt as managing director, Singapore. He was the executive director and the head of occupier services, Singapore within Colliers as well as employed by the company since April 2019.

The Lakegarden Residences showflat

He will succeed Tang Wei Leng, who is now the managing director of the capital market, Singapore, for Colliers. Based in Singapore Van Beijsterveldt is responsible for expanding the office’s key clients’ relationships and driving Colliers’ expansion strategy to increase scale in Singapore.

“Our marketplace leaders have an important role in the direction of our business and Bastiaan represents the essence of our entrepreneurial culture by through his growth-minded mentality and desire to enhance and extend our relationships with clients,” says John Kenny, Colliers’ CEO for Asia Pacific. “I am looking forward to having him join those who lead our markets in Singapore as well as throughout Asia Pacific to build upon our culture of collaboration as well as our entrepreneurial mindset to speed up growth”.

The announcement comes following Chris Pilgrim’s hire as Colliers the new managing director for Asia Pacific, global capital markets, with effect from January 1. Pilgrim was hired by Colliers at the end of June in 2021, as the global director of capital markets. He will move to London to Singapore for the new position.

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For sale in Lorong Ampas is an industrial facility for $65 million

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The Lakegarden Residences in Yuan Ching Road Lakeside

GS Building, a three-storey industrial property situated at 16, 18.20 and Lorong Ampas, within the Balestier Road precinct, is being offered for sale at an estimated reserve at $65 million. The property comprises 18 strata units, and is situated on freehold land zoned to the Business 1 (B1) industrial use, which is intended to be used for light industry.

The Lakegarden Residences in Yuan Ching Road Lakeside sits in a desirable location in the Jurong neighbourhood. It’s a perfect location away from the fast-paced city life and allows homeowners to live in Singapore’s next.

The land covers 36,885 sq feet and has a plot-to-plot proportion of 2.5. The rectangular-shaped site has a 63m-long length of frontage across Jalan Ampas and a depth of 69m.

The marketing Agent Edmund Tie & Co states that the property has a strong potential for redevelopment. The company also suggests that re-zoning the land to residential purposes with the plot ratio of 2.8 is possible in the event of approval from authorities. “Apart from the possibility of redevelopment into a light industrial project buyers also have the option of building an apartment building that could be advertised as a tranquil urban retreat located at the city’s fringe,” says Swee Shou Fern, the head of the investment advisory department of Edmund Tie.

There is no charge for land improvement required to redevelop the site to B1 use, with its current percentage of 2.5. The land price is $705 per plot ratio (psf per ppr).

To develop the site to accommodate residential development at a plot-to-plot ratio of 2.8 and the land price will be approximately $1,397 per sq ft ppr. This includes an estimated land improvement cost of around $79.3 million, according to Edmund Tie.

Swee states that the property is “a perfect chance” for developers who are looking to acquire the land to develop residential properties, due to the shortage of housing inventory. The property’s zoned for industrial uses implies there is no buyer’s stamp duty to be paid.

The collective sale tender for the GS Building will end on February 13 at 3pm.

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Loss of $6.2 million from Paterson Suites’ five-bedroom penthouse

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The Lakegarden Residences architect

The buyer of a 6,663 square ft penthouse apartment with five bedrooms in Paterson Suites closed 2022 in a disappointing manner when the unit was purchased at a price of $13.8 million ($2,071 per sq ft) on the 9th of December 2022. This is a substantial reduction from the original $20 million ($3,002 per square foot) cost when the unit was purchased by developer developer in November of 2011.

In the end, the seller suffered the loss that was $6.2 millions (31%), which is also an annualized cost that was 3.3% over 11 years. It is also the first time the unit has been sold.

The sale is the most profitable sale by Paterson Suites so far. Previous records were one square foot 3-bedroom unit which incurred the $2.84 million (44%) loss when it was sold for $3.62 million ($2,156 per square foot) in June of 2016.

The Lakegarden Residences architect is set to house luxurious residential property that will host 300 sophisticated and elegant apartments.

Paterson Suites can be described as a deluxe freehold condominium located at Paterson Road in District 9. The development was completed in the year 2010. The design was done by the local architectural business DP Architects.

The development is located in an exclusive residential enclave that is located close to The Orchard Road shopping belt that includes luxury condominiums on Grange Road, Orchard Boulevard and Cuscaden Road. The nearby luxury condominiums include the Marq located on Paterson Hill, Gramercy Park and New Futura, while upcoming developments within the vicinity comprise Irwell Hill Residences and Cuscaden Reserve.

Paterson Suites comprises 102 units which are located in two towers that are 22 stories tall. There only one penthouse unit on one of the towers and both have 6,663 square feet. The penthouse on the other hand was bought at $13.9 million ($2,086 per square foot) in January of 2015 and is still in the possession of the buyer.

The highest loss recorded at this condo is the only profitable deal in Paterson Suites in 2022. Three units were sold in 2022, and they earned profits which ranged between to $493,236 (11%) from the sale of a 1,679 square foot property at $4.84 million ($2,884 per sq ft) in February. Then, it went up or $178,600 (4%) from the purchase of a 1,679 sq ft unit at $4.39 million ($2,616 per square foot) during June.

However just 500 meters further away lies Boulevard 88, where the most profitable sale between December 6 and 27, last year was made. This was the purchase of a 2,799 sq . ft 4 bedroom unit. In accordance with URA restrictions the unit was offered for sale in the form of a sub-sale at $13.78 million ($4,924 per sq ft) on December 9. It was purchased by developers developer in exchange for $10.32 million ($3,688 per sq ft) in July of 2019. The seller earned profits that was $3.46 millions (34%), which can translate to an annualized income of 9% over three years.

Boulevard 88 was launched for sale in the year 2019 and is in the process of being developed. But this hasn’t kept a few sellers from selling their units. In the past the total number of buildings on Boulevard 88 have changed hands and included the sub-sale deal on the 9th of December.

In January 2022 2777 sq ft unit was sold at $12.5 million ($4,501 per square foot) after it was taken over by developers developer at $9.38 million ($3,378 per sq ft) in June of 2019. The seller took in $3.12 million gain. The second property was an 2,766 square foot unit that sold for $13.38 million ($4,836 per sq ft) at the time it was auctioned off in May 2022. It was sold after having been purchased at $10.48 million ($3,788 per sq ft) at the end of March in 2019. The seller made $2.86 million profit from the deal.

Based on the most current available developer sales figures, Boulevard 88 is nearly 100% sold with a taking-up at 86.4%. The project has an average sale price of $4,138 per square foot. Based on data collected from EdgeProp Singapore, nearby developments with median selling prices comparable the Boulevard 1988’s include 3 Cuscaden ($3,935 per sq ft) as well as Tomlinson Heights ($3,821 psf). The luxurious Park Nova commands prices of approximately $4,605 per square foot.

In a similar vein, the second-most profitable deal during the time of review was Tomlinson Heights, where a 3,745 sq ft unit was purchased at $10.9 million ($3,971 per square foot) on December 19 the previous year. The property was bought at $7.5 million ($2,732 per square foot) in April 2017. The seller took in $3.4 million (45%) profit on the deal, which amounts to an annualized income in the range of 6.8% over nearly six years.

Tomlinson Heights is a freehold condominium located at Tomlinson Road in prime District 10 in the District 10. It was completed in the year 2014. The 70-unit project has an assortment of three and five-bedroom apartments which range from 2,551 sq feet to 6,738 sq feet.

According to URA restrictions the property was subject to at least five resales within Tomlinson Heights in 2022, and all of them were profitable. The most profitable one was the resale on December 19, which was followed by the sale another 2,745 sq feet three-bedder, for $10.25 million ($3,734 per square foot) on the 19th of August. The seller made $2.75 million gain.

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Mount Elizabeth Hospital will receive a $350 million renovation

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The Lakegarden Residences completion date

Mount Elizabeth Hospital, located in the Orchard Road area, will undergo a $350 million renovation which will have the private hospital completely renovated and modernized. It will be conducted jointly and supported through IHH Healthcare Singapore and Parkway Life Real Estate Investment Trust (PLife REIT).

The Lakegarden Residences completion date will have a total suite area of 134,177 square feet (sq ft) with a plot ratio of 2.1 under the Urban Redevelopment Authority (URA).

It’s dubbed “Project Renaissance” The renovation is expected to take three years. It is aimed at transforming the hospital into an “modern and integrated multi-service hub”. The upgrades include a brand new drop-off area and lobby, as well as equipment and technology enhancements, as well as infrastructure upgrades to the hospital’s electrical, mechanical and fire security systems. The hospital’s emergency department as well as the outpatient and inpatient treatment facilities will also be expanded.

The construction will be carried out in stages so that the major services in the field can continue. To minimize disruptions, services can be temporarily moved to different parts of the building or, when necessary, transferred in Mount Elizabeth Hospital’s affiliated hospitals that are part of IHH Healthcare Singapore. Noise-producing activities will be restricted to specific times as well.

“As as an expansion of $150 million Renewal Capex Works, PLife REIT will be synchronising regular capital expenditures in MEH (Mount Elizabeth Hospital),” says Yong Yean Chau PLife’s CEO. REIT’s managing. “With the goal of maximizing value and sustainability We are thrilled to receive additional funding through IHH Healthcare Singapore as we collectively complete this major overhaul for MEH.”

The Dr Prem Kumar Nair who is Director for IHH Healthcare Singapore, says: “Project Renaissance aims to make sure that we’re well-equipped to provide the same level of service, equipped with the latest technology and increased services after the renovations are complete.”

As part of the construction, Mount Elizabeth Hospital will also receive its Building Construction Authority’s Green Mark Platinum rating.

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Valerie Wong is elevated to managing director by GuocoLand

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GuocoLand Limited announced the promotion of Valerie Wong to managing director of asset management. This promotion takes starting January 1st 2023. Wong will be in charge of the strategy of the company to develop the scope of its property investment management service.

With over 27 years’ experience with asset administration, Wong played a key role in growing GuocoLand’s Asset Management capabilities through the creation and finalization the construction of Guoco Tower. Guoco Tower, the Group’s flagship integrated development located in Singapore is strategically secured by a wide range of tenants, including the top multinational companies. It is still almost full occupancy as well as generating impressive rental return.

The coming Guoco Midtown, the Group’s second integrated mixed development within the CBD is expected to showcase an innovative new type of hybrid workspace, which is enhanced with sustainability and wellness features. When it is fully operational by 2023, Guoco Midtown’s top Office space of Grade A will be a positive contributor to the Group’s earnings in the future.

In Singapore in addition to Guoco Tower and Guoco Midtown, GuocoLand also owns and manages 20 Collyer Quay in the CBD. The most recent integrated mixed-use development, Lentor Modern, will also include a mall that covers more than 96,000 sq feet of retail space commercial that will contribute to the group’s investment portfolio as well as regular income once it is completed.
Wong will be responsible for the ongoing expansion and development of GuocoLand’s portfolio management business across the three markets that are its main focus three key markets – Singapore, China and Malaysia. Her previous role was group’s director of assets (asset management) from August 2021 and prior to that the director of GuocoLand’s Singapore commercial activities since she joined the Group in the year 2014. She was also a founder member of the Find Tanjong Pagar Business Improvement District initiative.

“Valerie played an integral role in GuocoLand’s transition from an residential developer to a multi-platform estate firm in Singapore in the past year,” said Cheng Hsing Yao the chief executive officer of GuocoLand. “She will play an important role in harnessing the experience that we’ve accumulated in Singapore to enhance the capabilities of our Asset Management department as well as business operations in China as well as Malaysia.”

Cheng said, “As we continue to expand and diversify the commercial aspects of our existing development projects across Singapore, Malaysia and China We also look at the possibility of completing our new developments that are integrated. This will create the conditions for GuocoLand to increase their asset-management business, and help the Group to capitalize on the next opportunity for growth in the next few years.”

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BCA Green Mark Platinum (Super Low Energy) certification is attained by the new Shaw Tower

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Shaw Tower has been awarded the highly sought-after Building and Construction Authority (BCA) Green Mark Platinum (Super Low Energy) certification in accordance with the most recent 2021 guidelines – it is the first commercial grade A construction in Singapore to be awarded this prestigious distinction. It also received three other badges for wellness and well-being, efficiency and maintenance.

As the first commercial Grade-A structure to be able to meet the standards that are higher, Shaw Tower will demonstrate how workplaces in Singapore will be more eco-friendly and healthier right from the beginning of design and construction all the way to the completion stage and beyond. In the Singapore Green Building Masterplan announced in the year 2000 the plan stipulates that 80% of all new developments measured by Gross Floor Area (GFA) are required to have BCA Green Mark Platinum (Super Low Energy) certified by 2030.

“Shaw Tower is scheduled to become a top of the state of the art sustainable commercial project in Singapore and will continue to function as a community hub just as it was over the last few decades,” says Raymond Chan, the Managing Director of Shaw Group of Companies, Hong Kong. “We are delighted with the confirmation from the authorities and the leading organizations that the brand new Shaw Tower is on the right path to meet our ambitious goals for it to not only become a place of work in tomorrow, but also for the generations to come.”

The brand new Shaw Tower will result in over 60% energy savings by utilizing an advanced hybrid air conditioning system, intelligent Internet of Things (IoT) lighting, and tenants’ power-management strategies. This will drastically lower the environmental footprint Shaw Tower and help to mitigate the impact of climate change during the transition towards a zero carbon industry.

Rooftop solar photovoltaic panels , along with wind turbines will generate energy from renewable sources and improve the energy efficiency for the structure.

Shaw Tower will use smart facilities management systems that are powered through IoT. IoT ecosystem to automatically monitor and adjust indoor air quality as well as lighting levels to ensure optimal thermal comfort and energy efficiency. The system will also collect data on occupancy and utilization of space in buildings information to optimize workplace strategies.

High-performance air filtration systems and sterilisation cleanse the air in the tower to improve air circulation to ensure human health. This is aided with Indoor Air Quality monitoring systems and controls that react automatically to changes in the quality of air because of shifts in occupancy levels, or other elements.

The building’s amenities include a gym, end-of-trip facilities that promote healthier travel and 15,700 square feet of dining and retail space including the rooftop restaurant.

Buildings account for more than 20% of the local carbon footprint the development director Lendlease continues to collaborate with other like-minded partners and supporters such as BCA along with Shaw Towers Realty Pte Ltd in order to help Singapore build more sustainable and healthier structures to serve the community both now and in the future.

Alongside being awarded the BCA Green Mark Platinum (Super Low Energy) accolade, the brand new Shaw Tower is also the first structure under construction to be built in Singapore as well as Asia to be awarded it the WiredScore Platinum award – the highest possible rating – to recognize its standards for digital connectivity as a modern workplace that supports technologically-driven methods of working.

It’s Singapore’s first commercial building of a high-rise grade A under construction to be certified from the International WELL Building Institute, that is focused on WELL 2. Core Gold, boosting the well-being of visitors and tenants.

The brand new Shaw Tower will also become a project that has been certified ABC Waters through the Public Utilities Board for its lush green cascading gardens that encircle the podium area and two sky terraces that are located at the top and middle of the tower. These terraces provide biophilic zones that will further improve the health and well-being of the future residents and visitors.

“It isn’t an easy task to earn the initial BCA Green Mark Platinum (Super Low Energy) award as per the current 2021 standards for a commercial building that is new in grade A in addition to the other awards received of WiredScore as well as PUB,” says Ng Hsueh Ling who is the executive director of Singapore and chairperson, Lendlease Global Commercial Trust Management, Lendlease.

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