FAR East Organization is shrinking the units at its luxury Scotts Tower development at the junction of Scotts and Cairnhill roads to make them more affordable.
Architect Ole Scheeren is working with the property firm to reconfigure the units.
Far East executive director Chia Boon Kuah said the eye-catching freehold project will not be launched yet as the firm is 'reviewing the project' with a view to reconfiguring unit sizes.
The 31-storey tower - one of Mr Scheeren's two residential projects in Singapore - features four individual apartment towers suspended from a central core.
The gravity-defying design was commissioned in 2006 when the property market was on the way up. Far East had expected to launch it late in 2007.
Targeted at the global market, Scotts Tower was designed to offer 68 luxury apartments with elevated panoramic views. The smallest was to be a three-bedroom duplex unit.
But the plan now is to offer smaller units, which would lower the absolute price quantum of each apartment.
Far East Organization has also reconfigured the unit sizes of some of its recently launched projects such as Centro Residences, Vista and Waterfront Key.
Mr Scheeren is a partner at Office for Metropolitan Architecture, whose projects include the iconic China Central Television Station in Beijing
Source, Straits Times 29 Oct 2009
Post a Comment