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There were few changes made to Orchard Road where it was a residential area and then slightly altered by the business area development. In 1949, the McDonald House office was built. In the 1950s, Orchard Road was turned into a central car distribution centre. In addition, the construction of high-rise apartments began in the early 1960s.
The complex was envisioned as "a new nucleus within the whole fabric of the city core", and was designed to revitalise one of the most populated and traditional enclaves in post-independent Singapore. Being a "people's shopping centre", the complex is strategically located in one of the most populous areas in Singapore's central business district.
More city office spaces are being converted for residential and other uses amid the sustained popularity of remote work.
Between 2016 and 2021, only about 30 office-to-residential projects came online each year, according to a July 2023 Deloitte study. And as of the time of the study, there were only 217 such ...
Office-to-residential conversions can be costly and take longer than new construction. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...
Planning in Singapore first began with the Jackson Plan in 1822, which divided Singapore town into multiple ethnic areas and established Singapore as a commercial and administrative centre. For a century, the colonial authorities in Singapore were not very involved in its development until they began engaging in urban regulation in the 1890s ...
Data from JLL, a commercial real estate firm, shows the gap between the average price per square foot of residential and office rental space has narrowed from 12% in 2009 to 8.6% in 2022.
The complex, which was to be developed by joint-venture firm Kian Seng Realty Limited, was one of several in the area which intended to address the "perennial shortage of office space in the central business district." The 24-storey complex, which was scheduled to be completed by early 1973, was to feature a tower block resting on a shopping ...