This Freehold New Launch Condo In The CBD Is Launching From Just $1.29M

City Developments (CDL) will preview its mixed-use development Newport Plaza on Friday, Jan 16. Sales bookings for the 246 luxury apartments will start on Saturday, Jan 31, with prices starting from $1.29 million (3,012 psf) for a 431 sq ft one-bedroom unit.

The 45-storey mixed-use project is a redevelopment of the former Fuji Xerox Towers on Anson Road in the Central Business District (CBD). The new project comprises F&B on the first floor, Grade A offices on the second to ninth floors, and branded serviced apartments from the 10th to 22nd floors.

The residential apartments, named Newport Residences, span the 23rd to 45th floors. According to a press release from CDL on Jan 14, the starting price of units will be:

• $1,298 million ($3,012 psf) for a 431 sq ft, one-bedroom
• $1.968 million ($3,046 psf) for a 646 sq ft, two-bedroom
• $3.238 million ($3,304 psf) for a 980 sq ft, three-bedroom
• $8.28 million ($4,006 psf) for a 2,067 sq ft four-bedroom premium

The luxury residences also feature one super Penthouse on the 45th floor. This 12,960 sq ft unit spans the entire floor with 360-degree views of the city skyline and sea-facing views. The exclusive unit comes with a dedicated lift and two private car park lots.

Stacked will publish our comprehensive review of this luxury mixed-use development in the coming days. Stay tuned for our take on the development’s architecture, location, amenities, and a review of the unit types.

Newport Tower is designed by renowned Japanese architecture firm Nikken Sekkei in collaboration with local architecture firm ADDP Architects. This is the second project Nikken Sekkei has partnered with CDL in Singapore after it also designed Zyon Grand, a 706-unit integrated development in River Valley that was previewed last October.

““We are excited to kickstart the New Year with the eagerly awaited launch of Newport Residences, the residential centrepiece of our Newport Plaza landmark. With strong and resilient demand for recent new launches in prime areas, such as our Zyon Grand project, the time is right to unveil this rare freehold offering,” says Sherman Kwek, group CEO of CDL.

Newport Tower is conceptualised as a vertical town with cascading gardens and landscapes throughout the 45-storey building. It will have office roof terraces, a serviced apartment pool deck on the 10th floor, serviced apartment amenities on the 22nd floor, residential apartment facilities on the 34th floor and Roof Garden. There are also sky gardens on the 25th, 29th, 37th, and 41st floors.

The project was awarded the Building and Construction Authority’s Green Mark Platinum Super Low Energy certification in 2021.

“The redevelopment of this former office site into Newport Plaza reflects our confidence in Singapore’s evolving cityscape. We are creating a next generation mixed-use landmark with exceptional connectivity and enduring value in one of the city’s most significant transformation districts,” says Kwek.

It is also the first freehold mixed-use development under URA’s CBD Incentive Scheme, which encourages the conversion of existing, older office buildings into new mixed-use developments in the CBD. Under this scheme, the site’s plot ratio was increased and obtained a gross floor area uplift of 25% to about 655,000 sq ft.

In short, it’s part of the government’s push to transform the CDB from a predominately commercial area, into a more liveable region with new residences and shops – a district-wide work-live-play urban strategy, so to speak.

To help incentivise office building owners and developers to take up the government’s urban plan, the CBD Incentive Scheme allows them to build more space to accommodate the various residential amenities and lifestyle needs, in addition to the usual commercial components.

The sales gallery for Newport Residences is located on Straits Boulevard, and will open from 10am to 7pm. The joint marketing agencies are ERA, Huttons, PropNex, OrangeTee & Tie, and SRI.