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United States

5 Thomas Mellon Circle

5 Thomas Mellon Circle is our third real estate project in the USA. SingHaiyi holds a 100% stake in the asset which was acquired from APIC at cost, through the exercise of the right-of-first-refusal, in February 2014.

The development is situated at the prestigious Candlestick Point, which is transforming into a prime retail, entertainment and residential neighbourhood area along San Francisco Bay, California. At present, there is an existing office building on this parcel of waterfront land. SingHaiyi plans to demolish the existing office building to develop a residential condominium with more than 585 units that will emphasise on waterfront living, active lifestyle, convenience and value.

SingHaiyi received project entitlement approval from the San Francisco Planning Commission in December 2016 and is currently in the midst of applying for a site permit.

Type Residential Condominium
Location San Francisco, California
Acquisition Cost US$24.4 million
SingHaiyi's Stake 100%
Tenure Freehold
Total Land Area (sq ft) ~ 204,300
Gross Development Value ~ US$420.0 million
Expected Completion 1H 2023
5 Thomas Mellon Circle
5 Thomas Mellon Circle
5 Thomas Mellon Circle

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