The Singapore luxury residential market has reached a significant milestone in January 2026 with City Developments Limited (CDL) unveiling Newport Residences. Situated on the site of the former Fuji Xerox Towers along Anson Road, this 246-unit development is the first freehold residential launch in District 2 since 2019. With prices starting from $3,012 psf, the project is being closely watched as a bellwether for the Core Central Region (CCR), signaling a robust appetite for high-end downtown living amidst a revitalized urban core.

The project is the residential crown jewel of Newport Plaza, a 45-storey mixed-use landmark developed under the Urban Redevelopment Authority’s (URA) CBD Incentive Scheme. By tapping into this scheme, CDL achieved a 25% uplift in gross floor area, transforming a mono-use office site into a vibrant “vertical estate.” The tower seamlessly integrates Grade-A offices, retail, and branded serviced apartments on the lower floors, with the luxury residences occupying the prime levels from the 23rd to the 45th floor, ensuring panoramic views of the city and the future Greater Southern Waterfront.

Potential buyers have a diverse unit mix to choose from, ranging from efficient one-bedroom apartments starting at $1.298 million to expansive four-bedroom premium units. The layout distribution is strategically skewed toward smaller units, with one- and two-bedroom types making up nearly 79% of the inventory. This “sweet spot” quantum is designed to appeal to high-net-worth individuals and investors seeking a freehold asset in a district where 99-year leaseholds are the norm. Crowning the development is a singular, 12,960 sq ft super penthouse, which offers a rare “bungalow-in-the-sky” experience with a private lift and dedicated parking.

Sustainability and wellness are central to Newport’s identity. It is the first private residence and mixed-use development in Singapore to receive the prestigious BCA Green Mark Platinum Super Low Energy Award. The building features six levels of lifestyle amenities, including four distinct sky gardens (Play, Wellness, Fitness, and Horizon) and a roof garden dubbed Newport Sky. Residents will have access to a resort-style escape featuring four swimming pools and a sky lounge, all while being steps away from the bustling culinary and financial hubs of Tanjong Pagar.

Interestingly, the development’s “Newport” name pays homage to its proximity to the historic Tanjong Pagar port area. As the current container terminals relocate to Tuas, this site will stand at the gateway of the Greater Southern Waterfront, a 30km coastal promenade that is set to become Singapore’s next great lifestyle node. This long-term urban transformation, combined with the development’s proximity to food industrial hubs like the Tanjong Pagar Distripark—which has evolved into a creative and artisanal food enclave—further enhances its appeal to those who value a live-work-play synergy.

As previews begin on January 16, 2026, the market response will serve as a crucial test for luxury pricing in the new year. With its rare freehold status, iconic Japanese-led design by Nikken Sekkei, and prime position within the CBD’s rejuvenation, Newport Residences is positioned as more than just a home; it is a legacy investment in a district that is rapidly evolving from a traditional business center into a 24/7 global city.