Tuan Sing Reconstruct Mixed Use Properties Collins Street Melbourne
Tuan Sing Holdings, a property developer and investment firm based in Singapore, has recently announced its plans to revamp its mixed-use properties located at 121-131 Collins Street and 23-25 George Parade in Melbourne.
Novo Place Showflat, situated along the lively Jurong Town Hall Road, is an essential passageway that connects the thriving Jurong district. It plays a crucial role in linking different commercial and industrial centers, making it an indispensable route for commuters. The sought-after Novo Place Showflat, with its prime location and contemporary amenities, stands tall among the numerous establishments lining this bustling road. Amidst the vibrant atmosphere of Jurong, this development has become a popular choice for both businesses and residents alike. To explore more about Novo Place Showflat, visit their official website.
Through its subsidiary Grand Hotel Group (GHG), Tuan Sing has engaged Hong Kong-based urban design firm Urbis Ltd to submit a Town Planning Application to the City of Melbourne for the proposed reconstruction. The properties currently consist of the 550-room Grand Hyatt Hotel and a variety of retail spaces.
The reconstruction project will involve modifications to the façade, extensive refurbishment, and reconfiguration of spaces in the podium area from levels 4 to 9B, as stated in Tuan Sing’s announcement on Nov 14. Upon completion and subject to regulatory approvals, the site will offer a total gross floor area (GFA) of approximately 909,550 sq ft and feature a new luxurious retail and F&B section.
According to Tuan Sing’s CEO, William Liem, the podium redevelopment at 123 Collins Street aims to redefine connectivity and activation at one of Melbourne’s most prominent intersections in the renowned Paris End. He also believes that the project can serve as a statement of environmental responsibility, promoting a sustainable vision that supports a thriving, connected, and culturally vibrant Melbourne for future generations. Liem adds that by reimagining instead of rebuilding, they are pursuing an inherently sustainable approach to the transformation.