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The Interlace's site formerly housed the 607 units Gillman Heights Condominium, which is 50 percent owned by the National University of Singapore (NUS). [6] The property was subsequently sold to CapitaLand through a collective sale but the sale was controversial as NUS held a 16 percent stake in Ankerite, a private fund that was a subsidiary of CapitaLand.
V on Shenton (pronounced as Five on Shenton) is a 54-storey, 237 m (778 ft) mixed residential and commercial development located at 5 Shenton Way, Singapore. Background [ edit ]
The site was acquired by CapitaLand in 2011 for $550 million, and architect Moshe Safdie was hired to design the building. [1] In March 2012, a month prior to the launch of the complex, based on preliminary prices received by marketing agents, the condominium was estimated to be among the most expensive suburban condominiums in Singapore. [2]
The condominium was designed by Peter Pran and Timothy Johnson with leading design firm NBBJ. The two buildings include a glass facade, sculpted Marina Bay Tower to look like a sail, and configured the complex representative of a huge canyon, reflecting his utilisation of inspirations by the sun, the wind, and the water respectively.
At the direction of Prime Minister Goh Chok Tong, the Monetary Authority of Singapore (MAS) investigated the Lees' purchase of units at two HPL-developed condominiums, for which they had received over a million dollars in discounts. Goh subsequently cleared them of any wrongdoing and the discounts were donated to charity.
[5] [6] It is tied for the 7th tallest building in Singapore. The building is primarily a condominium with restaurants scattered throughout the complex. The suites are very luxurious and even a small unit can cost millions. The leasehold of the condominium is 99 years. [7]
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The Concourse is located in Singapore's "Golden Mile", which refers to the strip of land between Nicoll Highway and Beach Road. It was planned by the Singapore Government as a high-rise spine fronting Kallang Basin. The area used to be occupied by squatters and small marine industries. [1]