Singtel to redevelop its Comcentre HQ for more than S$2b

SINGAPORE Telecommunications (Singtel) Z74 will jointly redevelop its Comcentre headquarters for an estimated cost of more than S$2 billion, including land costs, it said in a press statement on Wednesday (Feb 23).

This comes as Singtel looks to maximise the Comcentre site's potential and increase building efficiency, allowing the company to unlock value from the property.

Upon its estimated completion in 2028, the new Comcentre on 31 Exeter Road is expected to have a total gross floor area of over 110,000 square metres (sq m) comprising Grade A office buildings, a retail component and Singtel's existing Orchard Exchange that houses telecom infrastructure.