NewQuay projects underway

We could soon see a lot more construction activity in NewQuay, with early works starting on two major projects in the precinct.

MAB Corporation has begun work on its 18-storey Promenade and 22-storey Aqui residential towers on the eastern side of the NewQuay piazza.

With a combined gross floor area of 30,033 sqm and development value of $240 million, the towers, which will share a podium, will add 436 apartments to NewQuay.

Meanwhile, early works have also started on the opposite side of the piazza, on the site MAB Corporation sold to Singaporean developer Hiap Hoe in 2013.

Hiap Hoe will construct a 43-storey apartment building called Marina Tower, which will comprise 441 apartments. It will also build a 15-storey Four Points Sheraton hotel with 273 hotel rooms and 20 apartments.

The residential building and hotel have a development value of $360 million and a combined floor area of 46,269 sqm.

With a shared podium, the buildings will share recreational facilities including a 25-metre lap pool, decking area and two gyms.