Project Jewel at Changi Airport to cost $1.47b
Changi Airport has inked a joint venture with CapitaMalls Asia to develop the much-touted Project Jewel, which will be the iconic centrepiece of the airport when it is ready in 2018.
Construction on the $1.47 billion mixed-use building designed by renowned architect Moshe Safdie will start in the second half of next year. Mr Safdie was also responsible for another Singapore icon - the Marina Bay Sands.
To be built on the 3.5-hectare surface car park in front of Terminal 1, Project Jewel will have five storeys above ground, and five basement storeys of retail and car park spaces.
The complex will have a total gross floor area of about 134,000 sq m, of which nearly 70 per cent will be retail space. The rest are for airport operations, attractions and a hotel.