SINGAPORE: South Beach Consortium led by City Developments Ltd (CDL), which successfully bid S$1.69 billion (RM5.6 billion) for the 3.5ha Beach Road sale site, has signed the Building Agreement with the Singapore government. Apart from CDL, the consortium also includes Dubai World’s Istithmar and Elad Group. The project (pix), designed by world-renowned architect Norman Foster, includes four conservation buildings, which are to be restored, as well as office and hotel towers. The developer has adopted an environmental design approach and green technology suited to a tropical climate. A key feature is the large “environmental filter” canopy, which covers the open spaces and ties together the new and conservation buildings.
By theSun
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