AXA Tower

Not to be confused with Axa Towers.

For building in Jakarta, Indonesia with similar name, see Kuningan City.

AXA Tower, also known as 8 Shenton Way and formerly The Treasury and Temasek Tower, is the 16th-tallest skyscraper in the city of Singapore, at 234.7 m (770 ft), and the tallest cylindrical building in the world. It is currently in the process of demolition.

AXA Tower
Former names	Singapore Treasury Building Temasek Tower
Alternative names	8 Shenton Way
General information
Status	Demolished
Type	Commercial
Address	8 Shenton Way, Singapore 068811
Country	Downtown Core, Singapore
Coordinates	1°16′33″N 103°50′50″E / 1.2758°N 103.8472°E / 1.2758; 103.8472Coordinates: 1°16′33″N 103°50′50″E / 1.2758°N 103.8472°E / 1.2758; 103.8472
Named for	AXA
Completed	1986; 37 years ago (1986)
Closed	2022
Demolished	2023
Owner	MGP Raffle Pte Ltd
Height
Roof	234.7 m (770 ft)
Technical details
Floor count	52
Lifts/elevators	22
Design and construction
Architect(s)	The Stubbins Associates Architects 61 Architects Team 3
Developer	Singapore Ministry of Finance
Main contractor	MGP Raffle Pte Ltd
References
^[1]^[2]^[3]

Background

Built in 1986 for the Singapore government's Ministry of Finance as the Treasury Building, with 52 storeys it at once became one of the most prominent buildings in the city's business district. Singapore's present Prime Minister, Lee Hsien Loong, had his office in the building, while he was Minister for Finance from 2001 to 2004.

The Advertising agency BBDO Worldwide later had its Asia Pacific Headquarters in the building, and the 14th floor housed the Embassy of Belgium.

Architecture

The structure consisted of steel beams cantilevered from a cylindrical concrete core, allowing full 360° views at the perimeter, unobstructed by perimeter columns. The tower housed sixteen double deck elevators supplied by Otis.

Owners

When the Ministry of Finance relocated to The Treasury on High Street, the building was transferred to Temasek Holdings, a government-owned corporation, and renamed as Temasek Tower. It was later acquired by CapitaLand. In April 2007, when the building was still known as Temasek Tower, CapitaLand sold it to MGP Raffle Pte Ltd,^[4] and it was renamed as the AXA Tower.

On 6 May 2020, Alibaba Group agreed to buy a 50 per cent stake in AXA Tower, valuing the property at S$1.68 billion.^[5][6]

Redevelopment

 

AXA Tower in September 2022, after it was closed to the public and preparations for demolition had begun.

At the beginning of May 2022, AXA Tower was closed to the public for demolition with all tenants having relocated.

On 7 July 2022, plans were approved by the Urban Redevelopment Authority for a consortium consisting of Alibaba, Perennial Holdings, and local partners, to redevelop the site of the AXA Tower into a new 63-storey building with a height of 1,000 feet (305 metres), making the new building the tallest skyscraper ever approved in Singapore. The mixed-use building will be mostly made up of office, hotel, and residential space, with an observation level and some retail space. It is planned to be completed by 2028.^[7][8][9] The developers have since engaged Skidmore, Owings & Merrill, the firm responsible for the Burj Khalifa in Dubai, to design the new building.^[10]

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See also

• List of tallest buildings in Singapore
• List of buildings

References

1. . Emporis. Archived from the original on March 4, 2016.
2. "AXA Tower". SkyscraperPage.
3. AXA Tower at Structurae
4. (PDF). CapitaLand. Archived from the original (PDF) on 2011-10-03. Retrieved 2009-11-12.
5. "Alibaba to buy 50% stake in AXA Tower". CNA. 7 May 2020. from the original on 18 January 2021. Retrieved 25 March 2021.
6. "Perennial-SPH consortium to sell half-stake in AXA Tower to Alibaba". The Straits Times. 6 May 2020. from the original on 21 August 2022. Retrieved 21 August 2022.
7. Rashiwala, Kalpana (3 August 2022). "Alibaba, Perennial-led group to build Singapore's tallest building, at 305 metres". The Business Times. from the original on 3 August 2022. Retrieved 21 August 2022.
8. Burgos, Jonathan (4 August 2022). "Alibaba, Singapore Tycoons Win Approval To Build Lion City's Tallest Skyscraper". Forbes. from the original on 2 April 2023. Retrieved 21 August 2022.
9. Andres, Gabrielle (5 August 2022). "Singapore's tallest skyscraper to be built by Alibaba and local partners". CNA. from the original on 19 August 2022. Retrieved 21 August 2022.
10. Lim, Joyce (19 August 2022). "US firm behind Burj Khalifa to work with local architects to design Singapore's tallest building". The Straits Times. from the original on 23 August 2022. Retrieved 24 August 2022.

External links

 

Wikimedia Commons has media related to 8 Shenton Way.

• 8 Shenton Way at MGPA