Hyundai Construction Wins 240 Billion KRW Contract for Singapore 'Show Tower' Redevelopment

Construction of a 32-story luxury office and convenience facility, 38 months construction period after groundbreaking
Targeting Singapore Building Authority 'Green Mark' certification, maximizing eco-friendliness and energy efficiency
Will become a commercial and cultural bridge connecting central Marina and the youth-populated Bugis area

‘Show Tower’ bird's-eye view / Provided by Hyundai Construction.

[Asia Economy Reporter Kangwook Cho] Hyundai Engineering & Construction has exclusively secured a redevelopment project for Singapore's 'Shaw Tower' with a total construction amount of 202 million USD (approximately 240 billion KRW).

Hyundai Engineering & Construction announced on the 6th that it received the Letter of Award (LOA) for the Shaw Tower redevelopment project from the client, Singapore's 'Shaw Towers Realty.'

This project involves constructing a 32-story premium office building and a 6-story neighborhood facility (podium) with a total floor area of 64,728㎡, and the construction period is 38 months from groundbreaking.

Hyundai Engineering & Construction explained that the design of Shaw Tower will focus on integrating commercial spaces and convenience environments by adding not only the main office spaces but also lifestyle convenience facilities, community facilities, an outdoor amphitheater, sky garden and caf?, and terraces. Additionally, in line with Singapore's vision of a car-free city, the plan is to maximize smooth pedestrian pathways and connectivity with surrounding government offices and the downtown Mass Rapid Transit (MRT) stations.

Location of 'Show Tower' / Provided by Hyundai Construction.

The existing Shaw Tower, completed in 1975, has established itself as a landmark building in the heart of Singapore for the past 46 years. Hyundai Engineering & Construction aims to prioritize customer health and safety and focus on eco-friendliness and energy reduction by targeting certification from the International WELL Building Institute and Singapore's Building and Construction Authority's 'Green Mark.' In particular, after completion, it is expected to serve as a commercial and cultural bridge connecting the Marina area, the center of Singapore, and the Bugis area, which is mainly composed of people in their 20s and 30s.

Since entering Singapore with the 'Pulau Tekong Land Reclamation Project' in 1981, Hyundai Engineering & Construction has secured a total of 91 projects worth 15.2 billion USD, including the 'Pasir Panjang Terminal' construction and the 'Marina South Integrated Development.' Currently, it is carrying out 11 civil engineering and architectural projects worth about 2.1 billion USD, including three dredging and reclamation projects in Singapore.

A Hyundai Engineering & Construction official said, "Although overseas orders have decreased recently due to the pandemic, our company has maintained trust with various clients over a long period by successfully completing major projects in Singapore," adding, "This order is a great achievement gained through selection and concentration by strengthening overseas marketing capabilities, and we will continue to do our best in overseas orders."

This content was produced with the assistance of AI translation services.