In Focus
COMMERCIAL PROPERTY | Staff Reporter, Singapore

Market Street Car Park to be torn down

It will be closed permanently from 30 June 2011 to be redeveloped into a new office tower. CapitaCommercial Trust has been granted permission for the demolition.

The redevelopment is estimated to provide a gross floor area of 887,000 square feet with floor plates of 20,000 to 25,000 square feet. Scheduled for completion before the end of 2014, the new office tower will be 245 metres high.

Existing season car parkers, all of whom purchased their season parking on monthly basis, have been notified since 19 April 2011 to start sourcing for alternative car parking. A list of alternative car parking in the surrounding commercial buildings has been provided to the season car parkers together with the notification.

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