NEWPORT RESIDENCES

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NEWPORT RESIDENCES

Former Fuji Xerox Towers

Redevelopment under CBD Incentive Scheme

Developer: CDL

CALL 6100 8108
DISTRICT
D2 - DOWNTOWN
UNITS
Est 256 RESIDENTIAL
PROPERTY TYPE
MIXED
TENURE
FREEHOLD

Register Interest for Newport Residences

Following the backdrop of the government's CBD Incentive Scheme announced in 2019, CDL tapped on the Incentive Scheme to commence a redevelopment of the freehold Fuji Xerox Towers, into a new project named Newport Residences.

As at July 2021, all tenanted units in the freehold office building were vacated, and the group decommissioned the building in preparation for redevelopment works.

The proposed redevelopment will comprise a 45-storey mixed-use integrated project.

Subject to authorities’ approval, 40% will be dedicated for office and retail purposes, 35% for residential and 25% for serviced apartments. The residential component, comprising about 256 units, is slated for launch in 2H 2022.

Central, city location right in the heart of District 2
Rejuvenation under the CBD Incentive Scheme
Residential component launching 2H 2022

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Fuji Xerox Towers Artist Impression

Artists' Impression of Redeveloped Fuji Xerox Towers

Newport Residences : The Redevelopment of Fuji Xerox Towers

Proposed redevelopment under CBD Incentive Scheme.

46-storey freehold mixed-use integrated development comprising office, retail, residential and serviced apartments

  • Residential Use : 35% (256 Units)
  • Serviced Apartments Use : 25% 
  • Commercial Use : 40% 

Provisional Permission obtained in May 2021 :GFA uplift by 25% to approx. 655,000 sq ft

As at 1 July 2021, all tenanted units vacated, building decommissioned 

A look at the former Fuji Xerox Towers

Fuji Xerox Tower Street View

Press Coverage 

CDL announces plans for Central Mall after $315m acquisition of Central Square

2 Dec 2021

Furthermore, CDL has also commenced the redevelopment of its former Fuji Xerox Towers located at 80 Anson Road under the CBD Incentive Scheme.

The proposed redevelopment will comprise a 45-storey mixed-use integrated project.

Subject to authorities’ approval, 40% will be dedicated for office and retail purposes, 35% for residential and 25% for serviced apartments. The residential component, comprising about 256 units, is slated for launch in 2H 2022.

Reference

 

Press Coverage 

CDL looks to launch nearly 2,000 units in 4 Singapore projects

13 Aug 2021

CDL's remaining launch expected next year will be the residential component in the Fuji Xerox Towers redevelopment in Anson Road.

All tenanted units in the freehold office building had been vacated as of July 1, and the group is now decommissioning the building in preparation for redevelopment works.

The proposed project will include serviced apartments, offices and retail space.

CDL group chief executive Sherman Kwek revealed at the group's first-half results briefing on Thursday that CDL is looking at potentially bringing in a financial partner for one or more of the components of the Fuji Xerox Towers redevelopment.

Reference

Press Coverage 

CDL STEPS UP SG REDEVELOPMENT PROJECTS AS PROFIT FALLS 99%

13 Aug 2020

In line with that approach, the company will proceed with the redevelopment of the Fuji Xerox Tower in Tanjong Pagar and the Central Mall on Magazine Road, once Singapore government approvals are secured.

CDL plans to build a 51- storey mixed-use commercial, residential and serviced apartment tower with a gross floor area of 655,000 square feet (60,851 square meters) on the Fuji Xerox Tower site at the southern end of the downtown core. The new building will yield 25 percent more GFA than the existing office complex on the site.

Reference

 

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