9 Penang Road is a new Grade A commercial building which is undertaken through a joint venture with Haiyi Holdings Pte Ltd, Singhaiyi Group Ltd and Suntec Real Estate Investment Trust, with an interest of 35.0%, 35.0% and 30.0% respectively. The new ten-storey building consists of two wings with an approximate net lettable area of 352,000 sq ft of office space across eight floors and 15,000 sq ft of retail space at the first level. In line with the Urban Redevelopment Authority’s Walking and Cycling Plan, a cycling path and end-of-trip facilities will be provided in this development. The lease tenure of the land was also extended to a fresh 99 years.