A Report by CYS Global Remit Digital Media Marketing Team
In a significant real estate move in the heart of Singapore's Central Business District, Shenton House, an iconic architectural marvel, has transitioned into new ownership through an en bloc deal. This historic building, celebrated for its modernist design and economic significance, was sold to Mr. Lee Yeow Seng, the CEO of IOI Properties Group (IOIPG) for a sum of S$538 million on 1-Nov-2023.
A Journey Through Time
Situated at 3 Shenton Way, Shenton House is a testament to Singapore's architectural history. Designed by the renowned architects Palmer and Turner and completed in the early 1970s, the 25-story, 120-meter-tall steel-framed building is a prime example of modernist architecture then. A substantial refurbishment in the 1980s introduced modern amenities such as air conditioning systems, elevator enhancements, and improvements to various building systems.
A Beacon of Significance
Shenton House holds a unique position in Singapore's history, symbolizing the country's transformation from a colonial outpost to a modern city-state. Economically, Shenton House played a substantial role in Singapore's growth, serving as the corporate headquarters for leading businesses, contributing significantly to the country's economic development.
A Home to CYS Family
Shenton House has been home to CYS Family for more than 35 years. CYS marked its very first office relocation to Shenton House in the early 1980s from its own CYS Building, located on Market Street, when the building was sold to CDL Group for the present Republic Plaza development. As CYS Global Remit prepares to bid farewell to Shenton House, everyone is excited to move to a better and upgraded venue. CYS new office location will be revealed soon. Stay tuned for the latest updates as we embark on this exciting new chapter.