SINGAPORE - CapitaSpring, a 51-storey skyscraper in the Central Business District (CBD), is scheduled to be completed by the second half of this year.
Providing an update on the building s progress on Tuesday (Jan 19), its owners - CapitaLand Limited, CapitaLand Integrated Commercial Trust (CICT) and Mitsubishi Estate Co - said that 38 per cent of CapitaSpring s net lettable area of 647,000sq ft has been taken up.
Another 22 per cent is under advanced lease negotiations and more than 60 per cent occupancy is expected by completion.
A company spokesman said completion had been pushed back from the first half of 2021, with the 280-metre-tall building at 88 Market Street on track to receive its Temporary Occupation Permit in the latter half of the year.
The plant, spread across 30 acres, will meet growing demand for automobile airbag inflators in the country. Daicel is scheduled to start operations by December 2023