Monday, June 7, 2010

SPH’s condo development Sky@eleven obtains TOP

Sky@eleven, a freehold condo development by Times Development Pte Ltd, a wholly-owned subsidiary of Singapore Press Holdings (SPH), has obtained Temporary Occupation Permit (TOP) last month.

Speaking at the completion ceremony today, Dr Tony Tan, Chairman of SPH, said: “The completion of Sky@eleven, through our wholly-owned subsidiary Times Development Pte Ltd, has proven that we are able to deliver more than just media products. It is a testament to SPH’s growing versatility, dynamism and willingness to seek out opportunities to create shareholder value. Sky@eleven also reflects the type of high quality product that SPH is well known for.”

Within 30 hours of its launch in January 2007, Sky@eleven’s 273 units were immediately snapped up by property hunters.

Sky@eleven’s location, in prime district 11 off Thomson Road, is a main draw for buyers, with its close proximity to the Central Business District and Orchard Road. Apart from this, the condo also boasts exclusivity and spaciousness.

With only two units on each floor for each of the four towers, Sky@eleven offers exclusive privacy to its residents. Apartment units are built from the fifth storey, shielding residents from street-level activities.

The spacious units at Sky@eleven range from 1,871 sq ft for a three-bedroom with a study unit to 2,820 sq ft for a four-bedroom unit. The eight duplex penthouses have an even more impressive size from 4,844 sq ft to 5,597 sq ft. Each of the 265 apartments and eight penthouses comes with designer touches, from living room furnishings, kitchen to toilet fittings.

The principal designer and architect for the project is Mr Ti Lian Seng, who led the award-winning DP Architects to design the apartments. Mr Ti also designed Marina Square and was part of a team behind the iconic Esplanade Arts Centre.

Apart from Sky@eleven, SPH’s other property ventures include Paragon, the prime retail and office complex in the heart of Orchard Road. It has a new facade now, following its recent $82 million makeover. SPH has also acquired Clementi Mall, which is scheduled to begin operations in the first half of 2011.

Source: AsiaOne, 7 Jun 2010

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