Skywaters Residences

Skywaters Residences is a 63-storey mixed-use building under construction in the Downtown Core district of Singapore. The skyscraper is expected to replace Guoco Tower as the tallest building in Singapore upon its completion in 2028. The 305 m tall building will house offices, retail stores, residential units and a hotel.

Background
Jointly developed by Singapore's Perennial Holdings and Alibaba, the skyscraper stands on the site of the former AXA Tower. The redevelopment of the AXA Towers were first announced on July 7, 2022, when redevelopment plans for a new 63-storey building with a height of 1,001 feet (305 metres) were approved by the Urban Redevelopment Authority for a consortium consisting of Alibaba, Perennial Holdings, and local partners. This marked the new building as the tallest skyscraper ever approved to be constructed in Singapore. The mixed-use building will be mostly made up of office, hotel, and residential spaces, with an observation level and some retail space. It is planned to be completed by 2028.

Construction and design


In May 2022, AXA Tower was closed and demolition began shortly after. The new building will retain the AXA tower's foundation, to reduce materials used in the construction and to reduce environmental impact during redevelopment. A S$3 billion real estate green loan, was secured by Perennial Holdings and its partners in November 2022 for the development of the site, with sustainability construction being incorporated into the design and development of the new building.

Designed by Skidmore, Owings & Merrill and Singapore's DCA Architects, the building will feature 148,000 m2 of floor space, with 3 storeys of retail spaces, 19 storeys of offices, 3 storeys of hotel suites and 36 storeys of residential units. The building will also feature 10,000 m2 of green spaces, as well as a rainwater irrigation system for plants located within the green spaces.