If you’re looking for an ultra-luxurious home in the Core Central District, Skywaters Residences Condo is the right choice. Located at 8 Shenton Way, this 99-year leasehold condo will be the tallest tower in Singapore when it is completed in 2028.
Developed by Alibaba and a joint venture led by Perennial Holdings, this new launch condo will feature 100 executive hotel rooms, 268 luxurious apartments and retail space totalling 86,187 sq ft. It will also boast a super penthouse.
Location
Located in Singapore’s District 1 along Shenton Way, Skywaters Residences Condo is in a prime location that offers potential home buyers an opportunity to own a home in an area with numerous upside gains. Its proximity to key growth areas such as Raffles Place, Suntec City and Tanjong Pagar provides real estate investors a good tenant pool that can yield a steady stream of rental income.
Residents will enjoy easy access to amenities, shopping malls and restaurants in the Downtown core. The nearby 100AM Mall, Icon Village and Tanjong Pagar Centre offer ample shopping choices.
Aside from that, there are plenty of eateries and hawker centres near Skywaters Residences for food enthusiasts. The Chinatown heritage district and Duxton neighbourhood are also within reach.
The new residential tower at 8 Shenton Way is being developed by a joint venture between Alibaba Group and Perennial Holdings, in collaboration with DCA Architects and Skidmore, Owings & Merrill (SOM). It will be the first supertall building in Singapore with a maximum height of 305m, surpassing Wallich Residence’s 284m Guoco Tower.
Amenities
Skywaters Residences Condo is a mixed-use condominium that blends convenience and nature-living. Its unique structure is designed with environmental-conservation in mind by DCA Architects (Singapore) and Skidmore, Owings & Merrill (New York).
The development is set to replace the former AXA Tower on 8 Shenton Way, and will be Singapore’s tallest tower upon completion. It is expected to be the first development to benefit from Singapore’s Central Business District Incentive scheme, which will incentivize conversions of older office buildings to mixed-use developments.
Residents will also enjoy excellent connectivity to major expressways like the Ayer Rajah Expressway, Marina Coastal Expressway and Central Expressway. This enables residents to reach important locations such as Orchard Road and Changi Airport in under 15 minutes by car.
Residents of Skywaters Residences will also be close to a number of public parks that provide an idyllic serene setting and offer kid-friendly play equipment such as seesaws and merry-go-rounds. These parks can be reached within a few minutes’ walk from the development.
Price
Skywaters Residences Condo is a mixed development which consists of office space, hotels and residential units. It is located in District 02, which is regarded as being a prime location in Singapore due to its proximity to Tanjong Pagar and Chinatown neighbourhoods.
This redevelopment of the former AXA Tower is part of a joint venture between Chinese MNC Alibaba and renowned developer Perennial Holdings, with 50 percent ownership. It will be Singapore’s tallest building when it is completed, standing at 305 metres.
Residents will enjoy close proximity to various amenities in the area, including shopping malls such as 100AM Mall, Icon Village and Tanjong Pagar Centre. These include grocery stores like NTUC Fairprice and Little Farms, beauty services, pharmacies and clothing stores.
There are also plenty of restaurants, cafes and hawker centres to choose from around the neighbourhood. Additionally, there are several MRT stations in the area. These include Tanjong Pagar MRT station, Maxwell and Prince Edward MRT stations.
Reviews
The 63-story building’s design is inspired by a bamboo forest, allowing for a mix of outdoor space. Structurally, energy-efficient glass and concrete will be used for the building, which is expected to become Singapore’s tallest skyscraper at 305 metres when completed in 2028.
It is a high-end mixed-use development featuring offices, hotels and residential components. It will be developed by a joint venture between Chinese MNC, Alibaba and renowned developer Perennial Holdings.
Located in District 02, Skywaters Residences is a great investment opportunity for both investors and home stayers to own a property in the city centre. With a large tenant pool, the condo is sure to generate good rental income and capital appreciation for buyers. Its location provides access to the Central Business District, Chinatown, Raffles Place and many other CBD locations.
