The immediate Orchard Road precinct is Singapore's main shopping and entertainment belt, comprising predominantly shopping complexes, serviced apartments, hotels and office buildings. The development is also well-supported by a strong residential catchment from the affluent Devonshire and River Valley areas.
TripleOne Somerset is set to undergo an approximately S$150 million asset enhancement programme. The planned works include enhancing the retail offerings, incorporating medical suites of about 32,000 square feet on levels three and four, and sprucing up of the office lobby and common areas. In addition, the two office towers and the medical suites will be sold on a strata basis. Strata sale of the office spaces will commence with the tower fronting Somerset Road. The enhancement works and strata sale are expected to commence in the second quarter of 2016.
|Location||111 Somerset Road, Singapore 238164|
|Description||Office: 2 towers|
Retail Podium: 2 retail levels
Car Park: 2 basement levels
|Tenure||99 years, expiring on 18 February 2074|
|Gross Floor Area
|Net Lettable Area
|Operational||Operational with enhancement works expected to commence in the second quarter of 2016|
|Anchor/Major Tenants||Cold Storage,
National Council of Social Service