01 Feb '11, 4am

Capitol site to undergo S$750m redevelopment

Capitol site to undergo S$750m redevelopment

SINGAPORE: The landmark Capitol site which includes Capitol theatre, Stamford house, Capitol centre and Capitol building will be transformed by the third and fourth quarter of 2014 at a cost of S$750 million. This includes the tender price of S$250 million. The consortium, which won the tender for the 99 year lease site, comprises Perennial Real Estate, Chesham Properties and Top Global. When developed, the area will be rejuvenated with facilities like a 200 room luxury hotel and a new 15 storey building with residential units.

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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