Precinct Rejuvenation
Adding value to real estate
Precinct Rejuvenation

HarbourFront Precinct

HarbourFront Precinct BeforeHarbourFront Precinct AfterMaritime Square, the mainland belt that overlooks Singapore’s Sentosa Island, was once anchored by the former World Trade Centre and its adjacent exhibition halls. With the vision to enhance the value and revive the former vitality of the southern waterfront, Mapletree redeveloped the ageing Maritime Square into an exciting destination known today as HarbourFront Precinct.

Work to rejuvenate the precinct into a lifestyle and business hub with a large mall, offices and world-class cruise facilities began in 2004. The old exhibition halls of World Trade Centre were demolished and the development of VivoCity took shape. Designed by world-renowned Japanese architect Toyo Ito, and conceptualised on a “wave” theme inspired by its waterfront location, VivoCity became a world-class shopping destination and an iconic landmark of Singapore southern waterfront in less than two years.

Mapletree also refurbished the former World Trade Centre into HarbourFront Centre, an office cum retail development that also houses the Singapore Cruise Centre. With increasing demand for office space in fringe CBD areas, Mapletree further developed three prime office buildings – HarbourFront Tower One and the build-to-suit Bank of America Merrill Lynch HarbourFront – and upgraded the Singapore Cable Car Tower into office building HarbourFront Tower Two, which continues to serve as a cable car terminal connecting Sentosa Island and Mount Faber. The restoration of St James Power Station, which is situated next to VivoCity, further enhances the vibrancy of the precinct. Once Singapore’s first coal-fired plant, the building was carefully restored to bring back the fervour of its red-brick exterior walls and is today Singapore’s largest nightlife and entertainment complex.

View HarbourFront Precinct Rejuvenation video here.

Alexandra Precinct

Alexandra Precinct BeforeAlexandra Precinct AfterIn 2008, Mapletree began revitalising Alexandra Precinct, a 13.5 hectare site along the Alexandra/Telok Blangah business corridor. The site is about 10 minutes’ drive from the CBD and five minutes away from HarbourFront Precinct. It previously consisted of The Comtech, PSA Building and Alexandra Distripark. Alexandra Distripark comprised three blocks of low-yielding and under-utilised warehouses, which Mapletree redeveloped into Mapletree Business City Phase I (MBC I). Additionally, Mapletree carried out asset enhancement works for the PSA Building, which saw the development of Alexandra Retail Centre (ARC), providing retail convenience and amenities/services to the working population in the precinct and the nearby residential community. The final phase saw the redevelopment of The Comtech to MBC II, a high quality business park with a gross floor area of almost 125,000 square metres.

MBC I is an integrated business hub with one office tower, two business space towers, and an amenities/retail block, which are connected by covered linkways. Completed in 2010, the mixed-use development which is close to 2 million square feet has a strong occupancy of 99% as of 31 March 2017, and was divested to Mapletree Commercial Trust in August 2016. The second phase of the MBC development, MBC II, features the tallest business park in Singapore at 30-storeys and offers complementary spaces such as recreational facilities and a variety of dining options. 

For its innovative design and environmentally-friendly features, the combined MBC development has received international and local awards for its sustainable design. These include the Green Mark Platinum Award from the Building and Construction Authority of Singapore and the Leadership Energy and Environmental Design (LEED) sustainability awards.