City Developments (CDL) will begin preview of the highly anticipated Newport Residences on Friday, Jan 16 and sales bookings will start from Jan 31.
Located at the former Fuji Xerox Towers site on Anson Road, the ultra-luxury Newport Residences is part of the 45-storey Newport Plaza, which also houses Newport Tower with Grade A offices (levels 2 to 9) and F&B on level 1, and branded serviced apartments (levels 10 to 22).
This development is envisioned as a "new benchmark of city living" and Newport Residences comprises of 246 luxury units spanning levels 23 to 45.
Prices start from $1.298 million for a one-bedroom (431 sq ft), which translates to $3,012 psf; $1.968 million for a two-bedroom (646 sq ft), $3.238 million for a three-bedroom (980 sq ft) and $8.28 million for a four-bedroom premium unit (2,067 sq ft).
The development has a "one and only" freehold super penthouse (12,960 sq ft) located on a single storey at level 45, which offers 360-degree panoramic views of the sea and city skyline. This unit is served via a dedicated lift and comes with two exclusive private car park lots.
"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 with commanding views of the CBD and the future Greater Southern Waterfront," says CDL's group CEO Sherman Kwek.
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"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,” he adds.
Newport Plaza is designed by the renowned Japanese architecture firm Nikken Sekkei in collaboration with ADDP Architects.
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This is Nikken Sekkei’s second project with CDL, following Zyon Grand last year.
Newport Plaza is also the first freehold mixed-use development under the Urban Redevelopment Authority (URA)’s Central Business District (CBD) Incentive Scheme, which encourages the conversion of existing, older office buildings into new mixed-use developments in the CBD.
The redevelopment of the former Fuji Xerox Towers site increased its plot ratio and obtained a gross floor area (GFA) uplift of 25% to approximately 655,000 sq ft.
The Newport Residences Sales Gallery, located along Straits Boulevard, is open daily from 10.00 am to 7.00 pm. Marketing agents are ERA, Huttons, PropNex, OrangeTee & Tie and SRI.
CDL shares are on a tear this past year, gaining around 80% as investors anticipate strong residential sales along with the company's active asset monetisation programme.
As at 10.59 am, CDL shares changed hands at $9.01 - its highest level since March 2020.
