New Condo Newport Residences @ Anson Road

New Condo at Anson Road — New Condo Newport Residences at Anson Road

New Condo Newport Residences (Former Fuji Xerox Towers)

City Developments Ltd (CDL) is stepping up plans to redevelop its older commercial buildings in Singapore’s central business district after the COVID-19 pandemic dragged the group’s net profit in the first six months of the year.

CDL said it had submitted plans to the Urban Redevelopment Authority to redevelop the 38-storey Fuji Xerox Tower office building in the Tanjong Pagar district with its new development, Newport Residences and the seven-storey Central Mall office and retail complex on Havelock Road. Both properties can be granted higher plot ratios under the government’s incentive schemes.

In line with that approach, the company will proceed with the redevelopment of the Fuji Xerox Tower (Newport Residences) 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.

Over near Clarke Quay, the company plans to demolish Central Mall and build a mixed-used office, retail, hotel and serviced apartment complex. CDL didn’t provide the expected GFA for the project, although the existing structure on the site at the heart of the historic Singapore River has a built up area of 240,000 square feet.

Across the Singapore River from the Central Mall site, CDL had earlier partnered with Singapore government-linked developer CapitaLand to jointly redevelop the Liang Court Shopping complex along Clarke Quay into a mixed-use project comprising two residential towers with 700 units, a 475-unit hotel and a 192-unit serviced apartment component.