The redevelopment of Shaw Tower was motivated in part by its owner's hopes that the new building and neighbouring GuocoLand's Guoco Midtown on Beach Road will be up around the same time, as part of the rejuvenation of the Ophir-Rochor corridor.
To that end, the 42 year-old Shaw Tower will likely be torn down and a new 35-storey grade A office and retail building completed in its place by 2023. Some 150 tenants have been given advance notice to relocate elsewhere on or before June 30, 2020.
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