Work on the Shaw Tower site in Beach Road is set to start later this year, with the new development slated to come onstream by 2024.

At a height of nearly 200m, the integrated development will deliver about 450,000 sq ft (sq ft) of Grade A office space as well as retail and food and beverage (F&B) offerings on the ground floor. An earlier report had indicated the target completion date as 2023.

Lendlease, appointed by The Sir Run Run Shaw Charitable Trust to manage the redevelopment, said the new Shaw Tower has received preliminary planning permission from the Urban Redevelopment Authority (URA).

Other features of the development will include lifestyle amenities, indoor community facilities, an outdoor amphitheatre, sky gardens and terraces, as well as end-of-trip cycling facilities.

Under retail offerings, Lendlease is also looking to roll out up to four F&B outlets.

Mr Raymond Chan, managing director of Shaw Group of Companies (Hong Kong), said: "The new Shaw Tower will set leading international design standards whilst respecting the heritage and local context of this key city location."

It will be designed in line with sustainable building standards, such as the International WELL Building Institute's WELL rating for advancing human health and wellness, and the Singapore Building and Construction Authority's Green Mark sustainability standards.

Ms Ng Hsueh Ling, managing director (Singapore) for Lendlease, noted that the new building will contribute to the URA's vision as the authorities seek to revitalise the Ophir-Rochor precinct.

THE BUSINESS TIMES