CapitaSpring Singapore skyscraper, 88 Market Street, Citadines Raffles Place Tower Building Design

CapitaSpring Singapore skyscraper at 88 Market Street

9 February 2022

Location: 88 Market Street, Singapore

Singapore’s newest biophilic skyscraper CapitaSpring marks completion with 93% in leasing commitment

About 93% of CapitaSpring’s 673,000 square feet of workspace and retail net lettable area has been committed, reflecting a robust demand for premium core-flex workspaces within a quality integrated development in Singapore. The Grade A office development in Singapore’s prime Raffles Place Central Business District was completed in 2021:
CapitaSpring Singapore skyscraper 88 Market Street building
photograph : Rendy Aryanto / Vvs.sg

CapitaSpring Singapore skyscraper News

• Combines 673,000 square feet of workspace and retail net lettable area, 299-unit Citadines Raffles Place Singapore and a hawker centre in an integrated work-live-play vertical community

• Houses Singapore’s tallest sky observatory deck and urban farm at 280 metres and a 35-metre-tall Green Oasis located 100 metres above ground, which will be opened to the public

CapitaSpring Singapore skyscraper, 88 Market Street
photo : Rendy Aryanto / Vvs.sg

Singapore, 9 February 2022 – CapitaSpring, the 51-storey integrated development at 88 Market Street, has marked the completion of its construction after obtaining its Temporary Occupation Permit (TOP) in end-2021. The 280-metre-tall skyscraper is the only Grade A office development in Singapore’s prime Raffles Place Central Business District (CBD) completed in 2021.

CapitaSpring green oasis:
CapitaSpring Singapore skyscraper green oasis
photo : Rendy Aryanto / Vvs.sg

About 93% of CapitaSpring’s 673,000 square feet (sq ft) of workspace and retail net lettable area (NLA) has been committed, reflecting a robust demand for premium core-flex workspaces within a quality integrated development in Singapore. Tenants have started moving in progressively from 4Q 2021.

green oasis in the tower:
CapitaSpring Singapore tower green oasis
photo : Rendy Aryanto / Vvs.sg

CapitaSpring is jointly owned by CapitaLand Development (CLD), CapitaLand Integrated Commercial Trust (CICT) and Mitsubishi Estate Co., Ltd (MEC). Designed by Bjarke Ingels Group in collaboration with Carlo Ratti Associati, CapitaSpring is a recipient of the Building and Construction Authority (BCA) Green Mark Platinum Award, one of the highest green building accolades in Singapore, and the BCA Universal Design Mark GoldPLUS Award. It will house market-leading multinational companies from the banking, financial services, real estate, property services, energy, commodities, business consultancy, technology, legal and hospitality sectors. These include J.P. Morgan, Sumitomo Mitsui Banking Corporation, JLL, JERA Asia, Saxo Markets, Squarepoint Capital, White & Case and Wyndham Hotels & Resorts.

Green oasis 100 metres above ground – CapitaSpring has a total landscape area of more than 90,000 sq ft, equivalent to 140% of its site area or larger than six Olympic-size swimming pools. The development’s rich biodiversity comprises more than 80,000 plants from over 130 different species, with more than 60% being native plants:
CapitaSpring Singapore tower green oasis plants
photo : Rendy Aryanto / Vvs.sg

Mr Tan Yew Chin, CEO of CLD (Singapore), said: “CLD and our partners are delighted to mark the completion of CapitaSpring, a biophilic skyscraper that represents CapitaLand’s vision to build a greener and sustainable future as laid out in our 2030 Sustainability Master Plan. From Funan in the Civic District to CanningHill Piers along Singapore River, CapitaLand has been playing a key role in injecting holistic work-live-play elements to activate precincts and rejuvenate Singapore’s city centre to keep up with evolving lifestyle trends.

CapitaSpring Singapore sky garden:
CapitaSpring Singapore skyscraper, 88 Market Street sky garden
photo : Rendy Aryanto / Vvs.sg

With CapitaSpring, we are setting a new benchmark for the office of the future by bringing a premium, multi-faceted workplace experience to building occupants, complemented by our core-flex solutions that cater to the increasing adoption of hybrid work strategies. We are confident that CapitaSpring’s expansive lush green spaces and the specially curated community spaces and programmes will enhance human connections amidst safe distancing, and further enliven Singapore’s CBD.”

CapitaSpring tower urban farm:
CapitaSpring Singapore tower urban farm
photo : Rendy Aryanto / Vvs.sg

Mr Tony Tan, CEO of the Manager of CICT, said: “We are pleased that CapitaSpring has achieved 93% in leasing commitment, a notable outcome at the point of TOP for a building of its scale, and commendable in the context of the current pandemic. The positive market reception for CapitaSpring reinforces our confidence that offices continue to remain an integral part of companies’ workplace strategies.

CapitaSpring sky garden – at 280 metres above ground, the Sky Garden at level 51 of CapitaSpring features Singapore’s tallest publicly accessible observatory deck offering 360-degree scenic views of Marina Bay and CBD:
CapitaSpring Singapore skyscraper sky garden
photo : Rendy Aryanto / Vvs.sg

Just as other office developments are starting to reinvent their offerings to accommodate new work norms, CapitaSpring is ahead of the curve with its forward-looking solutions that position it as a sustainable, flexible and connected workplace ecosystem. We are continuing to see healthy interest from companies in diverse sectors looking for quality workspaces in the CBD and expect to see more leasing momentum driven by tenants’ flight to quality, underpinned by the demand from new growth sectors and limited new Grade A office supply in Singapore.”

The 299-unit serviced residence Citadines Raffles Place Singapore opens as the new flagship for Citadines Apart’hotel, managed by The Ascott Limited. It comprises studio, one- and two-bedroom units (pictured) as well as loft apartments:
Citadines Raffles Place Singapore bedroom premier

Citadines Raffles Place Singapore studio premier design:
Citadines Raffles Place Singapore studio premier design

Images: CapitaLand

CapitaSpring Singapore skyscraper, 88 Market Street images / information from CapitaLand, 090222

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