9 Penang Road
SingHaiyi, together with our joint venture partners, acquired the property at 9 Penang Road in December 2015, marking our first foray into commercial property redevelopment in Singapore.
Located in close proximity to the Orchard Road commercial and shopping belt and easily accessible from Dhoby Ghaut MRT station, 9 Penang Road is a Grade A office buildings comprising two wings and eight levels of office space, as well as one floor of retail space. The office tower offers column-free efficient floor plates with high ceiling.
|Type||Mixed commercial/retail use|
|Total Development Cost||S$800.0 million|
|Market Valuation||S$930 million|
|Tenure||Leasehold – extended for 99 years, expiring 7 December 2115|
|Number of Floors||Office: 8 Levels (3rd to 10th floor)
Retail: 2 Levels (1st & 2nd floor)
Carpark: 2 Levels (Basement & 2nd floor)
|Net Lettable Area (Approximate)||Office: 381,155 sq ft / Retail: 15,489 sq ft|
|Awards||BCA¹ Conquas Star Rating and BCA¹ Green Mark Platinum|
- BCA - Building and Construction Authority