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[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]
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.
Far East Organization is the largest private real estate developer in Singapore. [1] [2] Founded in 1960 by Ng Teng Fong, [3] [4] the company has businesses in property development, retail, hospitality, [5] and food and beverage [6] brands in Asia and Australia.
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In Singapore and Malaysia, "Condo" or "Condominium" are terms used for housing buildings with some special luxury features like security guards, swimming pools, or tennis courts. In Singapore, most houses without such features are built by the governmental Housing Development Board (HDB), and such HDB units can be possessed for rent or ...
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.
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]
It is the first mall in Singapore to be integrated with a town square and a visitors’ centre which provides an avenue for residents and the public to learn more about the heritage of Punggol through exhibitions and civic and community events. [6] The mall had a soft launch on 18 January 2016, [7] and was officially opened on 19 April that ...