Newport Residences forms part of Newport Plaza, a 45-storey mixed-use development that includes serviced apartments, Grade-A office space and retail on the ground floor (Photo: CDL)
Singapore-listed property giant City Developments (CDL) is set to preview the 246-unit Newport Residences on Jan 16, with sales to start on Jan 31.
The freehold luxury residences are part of Newport Plaza, a 45-storey mixed-use development that includes serviced apartments, Grade-A office space and retail on the ground floor.
The project is envisioned to set a new benchmark in city living. “We are excited to kickstart the New Year with the eagerly awaited launch of Newport Residences, the residential centrepiece of our Newport Plaza landmark,” says Sherman Kwek, CDL’s group CEO.
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The residential units span the top half of the tower – from levels 23 to 45 – with the majority offering panoramic views of the sea, the future Greater Southern Waterfront, and the city skyline.
Apartments range from one-bedroom units starting from 431 sq ft, to four-bedroom premium units of 2,067 sq ft. Crowning the tower is the sole five-bedroom super penthouse of 12,960 sq ft, served by a dedicated private lift and offering panoramic views of the city skyline.
One- and two-bedders account for 79% of the total. Prices for the units start from $1.298 million ($3,012 psf) for a 431 sq ft one-bedroom unit, while two-bedroom units, starting from 646 sq ft, are priced from $1.968 million ($3,046 psf).
Three-bedroom units start from 980 sq ft, with prices from $3.238 million ($3,304 psf). Meanwhile, four-bedroom premium layouts, which comprise 18 units, are priced from $8.28 million ($4,006 psf).
The upcoming project was designed by the Japanese architectural firm Nikken Sekkei in collaboration with Singapore-based ADDP Architects, the same partners who designed Zyon Grand, CDL's and Mitsui Fudosan’s joint venture project along Kim Seng Road in District 3.
Zyon Grand is a 99-year leasehold, mixed-use development with 706 residences across twin 62-storey towers. There is another 36-storey serviced apartment block with over 350 long-stay serviced apartments (SA2) with a minimum stay of three months. Launched last October, Zyon Grand was 84% sold on its first weekend. As at Jan 13, the project is 86% sold at an average price of $3,054 psf.
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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,” notes Kwek.
Chia Ngiang Hong, group general manager of CDL, adds that Newport Residences stands out for its freehold tenure, “which is exceptionally rare in the CBD”.
While Zyon Grand is a new development on a government land sales (GLS) site, Newport Residences and Newport Plaza is a redevelopment of the former office complex FujiXerox Towers. When CDL completed the building in 1987, it was known as the IBM Building and was a landmark in the CBD.
According to Chia, Newport Plaza is also the first freehold mixed-use project developed under 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.
By leveraging the Scheme, CDL achieved an enhanced plot ratio and gross floor area (GFA) uplift of 25%, which amounts to an additional 655,000 sq ft. “It facilitated the complete redevelopment of the site, allowing us to reposition the asset into a vibrant, future- ready, mixed-use development that enhances operational efficiency and unlocks the site’s full potential to better meet the evolving needs of our city,” adds Chia.
Given its location in Tanjong Pagar (District 2) – bordered by Anson Road, Bernam Street and Tanjong Pagar Road, Newport Plaza is also within walking distance of three MRT stations, Tanjong Pagar (East-West Line), as well as the two upcoming stations on the Circle Line, namely Prince Edward and Cantonment.
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“In a district where most residential launches are leasehold and limited in scale, Newport Residences stands out as a freehold offering that presents a rare chance to own a unit within the CBD without compromising on space, privacy or long-term relevance,” notes CDL’s Chia.
Check out the latest listings for Newport Residences, Zyon Grand properties