Under Construction

The Skywaters

Singapore · Mixed-Use

Skywaters Residences crowns The Skywaters at 8 Shenton Way, a Skidmore, Owings & Merrill–designed, 305-metre supertall in Singapore's Downtown Core developed by Perennial Holdings with Alibaba on the site of the former AXA Tower.

Official Website
Last verified Jul 26, 2026
2.4 yrs to delivery
51%
AnnouncedBreaking GroundConstructionOpening SoonNow Open
Delivers in phases · 1 component
2023
Start
2028
Full build-out
215
Units
63
Floors
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The story so far
Announced Jul 2022Redevelopment of former AXA Tower announced July 2022; tower construction began 2023 (corrects start 2025) with record penthouse sale in 2024.
en.wikipedia.org
Financing secured Nov 2022S$3B green loan (one of Asia's largest) from an 8-bank syndicate; OCBC Bank facility & security agent, incl. DBS, UOB, Maybank, Bangkok Bank
worldconstructionnetwork.com
Broke ground 2023
Going vertical Mid 2026Construction of the former AXA Tower redevelopment reported past one-third of final height per Travel Weekly
travelweekly.com.au
Expected opening 2028
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
About the project

Skywaters Residences crowns The Skywaters at 8 Shenton Way, a Skidmore, Owings & Merrill–designed, 305-metre supertall in Singapore's Downtown Core developed by Perennial Holdings with Alibaba on the site of the former AXA Tower. On track to become Singapore's tallest building and first supertall, the 63-storey tower stacks Grade-A offices, retail and ultra-luxury residences with Aman — bringing an Aman Singapore hotel, Aman-branded residences and an invitation-only Aman Club to the city, with interiors by Kerry Hill Architects. Residents take in sweeping views across Marina Bay and the CBD alongside a wellness-led amenity suite of spa floors, infinity-edge pools and signature dining.

Developer & design
The Singapore market 18 · Balanced supplyTanjong Pagar 5-project pipeline · 958 residences and keys · peak Late ’28 Explore the market →
Inside this development
1 direct component.
Common questions

Frequently asked

Where is The Skywaters located?

The Skywaters is located in Singapore.

When will The Skywaters be completed?

The Skywaters is under construction, with completion expected in 2028.

How will The Skywaters be built out?

The Skywaters is a phased, multi-component development with 1 tracked component delivering on a rolling schedule. Full build-out is expected in 2028.

Who is developing The Skywaters?

Perennial Holdings, Alibaba is the developer behind The Skywaters.

Who designed The Skywaters?

The Skywaters was designed by Skidmore, Owings & Merrill.