There is a very interesting piece of news which was published on the front cover of the Straits Times on 3rd May 2013.
The heading reads "Tanjong Pagar Centre set to be tallest building at 290m"
This is an iconic development by GuocoLand which will be made up of a tower housing Grade A office space, residences and retail space.
Its office portion - to be called Guoco Tower - will occupy 38 storesy and have 850,000 sq ft of net lettable space. The residential portion will take up the 39th - 64th storey and it will be called TP180. It will have nearly 200 units ranging from one to four-bedders and penthouses.
This white site was previously purchased at $1.71 billion - or $1,006 psf per plot ratio back in February 2011.
What caught my eye is really the speculated launch price of $3,000+ psf due to the location and proximity of being right about above Tanjong Pagar MRT station.
It will be very interesting to see how the lauch will impact the prices of surrounding residential developments.
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