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Plan for flats at StarHub Centre

Thursday 21 January 2010

The prime StarHub Centre office building in Cuppage Road could be partly turned into a residential complex. A significant slice of the well-sited block - just a stone's throw from Centrepoint and Somerset - could be turned into flats.


CapitaCommercial Trust Management, the manager of owner CapitaCommercial Trust (CCT), said the building's potential was not being maximised as a commercial block. It also had lower than usual occupancy rates in the third quarter of last year. The trust manager disclosed in a results statement yesterday that an outline planning permission has been granted by the Urban Redevelopment Authority.


This specified that as much as 80 per cent of the gross floor area could be used for residential development. Approvals are yet to be given by other government bodies. If they are granted, the firm will revisit the plan.

Source: The Straits Times