Makeover for China Square

Far East Organization, Frasers Commercial Trust and The Great Eastern Life Assurance Co Ltd recently announced a China Square Precinct Master Plan, which is essentially to integrate the three companies’ respective developments: Far East Square, China Square and Great Eastern Centre, into a precinct called China Place.

A covered linkway connecting the three projects and the upcoming Telok Ayer MRT station is estimated to cost $14 million, with the cost borne equally by all three parties. Far East also announced that it would be developing two hotels on the site: a 37-unit boutique hotel converted from some of the existing shophouses and a 28-storey, 292-room hotel.

Source: TheEdge – 2012 May 22

Comments are closed.