Guocoland secures temporary occupation permit for Guoco Tower

The property has already seen 80% commitment from tenants.

Prospective tenants of Guoco Tower should be ready to move in anytime as Guocoland secures temporary occupation permit for the office and basement retail component of the building.

In a statement, GuocoLand claimed the Grade A office tower has already seen a remarkable 80% commitment moving into October despite a highly competitive office leasing market. This has significantly spiked up from 10% at the beginning of the year.

Guocoland Singapore Managing Director Cheng Hsing Yao said the 890,000 sq ft office tower has attracted demands from a broad range of industries. Some of the companies in the list of committed tenants include Agoda, Amadeus, ASICS, Danone, Straits Trading and Teva Pharmaceutical Industries.

“Guoco Tower’s ‘liveable vertical city’ concept whereby workplace is integrated with lifestyle amenities makes it attractive to tenants who care for the welfare of their staff. In addition, the prime location, seamless access to the MRT station and its prestige as the tallest building in Singapore also appealed to tenants,” he said.

Guoco Tower is inside the Tanjong Pagar Centre, an integrated commercial, retail, and lifestyle complex with 181 luxury apartments in Wallich Residence, the 222 room Sofitel Singapore City Centre hotel, and a 150,000 sq ft. Urban Park.

The complex will commence its operations in phases from November this year.