Tuan Sing Holdings, a property developer and investment firm listed in Singapore, has announced its plans to reconstruct two mixed-use properties in Melbourne. The properties, located at 121-131 Collins Street and 23-25 George Parade, will be redeveloped by Tuan Sing’s wholly-owned subsidiary, Grand Hotel Group (GHG). Urbis Ltd, an urban design firm based in Hong Kong, has been instructed to submit a Town Planning Application to the City of Melbourne for the proposed works.
Investing in a condominium in Singapore has become a well-liked option for both local and foreign investors, thanks to the country’s strong economy, stable political climate, and excellent quality of life. With a dynamic real estate market, Singapore offers a plethora of opportunities, but condos are particularly appealing for their convenience, amenities, and potential for attractive returns. In this article, we will delve into the advantages, important factors to consider, and necessary steps to take when investing in a condo in Singapore, including updates on newly launched condo developments.
Among the properties currently on the site are the 550-room Grand Hyatt Hotel and various retail spaces. In the reconstruction process, much of the existing podium structure will be retained, allowing tenants and the Grand Hyatt Hotel to continue their business operations as usual. The focus of the reconstruction will be on façade modifications, extensive refurbishment, and reconfiguration of spaces in the podium from levels 4 to 9B, as announced by Tuan Sing on Nov 14.
Upon completion and subject to regulatory approvals, the site’s total gross floor area (GFA) will reach approximately 909,550 sq ft. The project will also introduce a new luxury retail and F&B precinct. CEO of Tuan Sing, William Liem, believes that the podium redevelopment at 123 Collins Street will redefine connectedness and activation at one of Melbourne’s most prominent intersections in the storied Paris End. He adds, “With the right approach, this transformation can be an architectural statement of our environmental stewardship. By reimagining rather than rebuilding, we’re pursuing an inherently sustainable vision that supports a thriving, connected, and culturally vibrant Melbourne for generations to come.” For those interested in investing in overseas properties, Tuan Sing offers a range of projects available for sale around the world.