Under Construction

The Skywaters

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.

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Details

8 Shenton Way, Singapore. 63 floors and 215 residences. Broke ground 2023, full build-out 2028. Financed with $3B from OCBC Bank in November 2022.

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
travelweekly.com.au
Expected opening 2028
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Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
TMW IntelligenceVerified Oct 24, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
Delivers in phases · 1 component

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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.

Companies and contacts

Every firm on The Skywaters, the office nearest it, and the people who work on it.

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Inside this development
1 direct component.
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Aman Singapore
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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, with interiors by Kerry Hill Architects.