Savills Singapore has announced the launch of 623 Collins, a new residential development in Melbourne’s Central Business District (CBD), set to open on 9–10 May 2026. Developed by Sterling Global, the project will transform the historic State Savings Bank of Victoria site into a 42-storey mixed-use tower, featuring 320 residences, office spaces, and retail outlets.
The development will retain and restore two heritage-listed buildings, the State Savings Bank of Victoria and Batman’s Hill Hotel, reflecting a trend of integrating historical assets into urban regeneration. Brandon Yeoh, Director at Sterling Global, emphasised the project’s significance, stating, “At 623 Collins, we’ve taken a heritage building that has been part of Melbourne’s story for a century and reimagined it for modern living.”
The project will offer a variety of residences across four collections, complemented by lifestyle amenities such as a wellbeing retreat, gym, and private dining facilities. Additionally, the development includes over 2,700 square metres of office space and approximately 900 square metres of retail and hospitality offerings. Prices are expected to start from around A$610,000.
Adrian Lim, Senior Director at Savills Singapore, highlighted Melbourne’s appeal to Singapore investors, citing its steady population growth and strong university ecosystem. He noted, “Melbourne continues to stand out as a well-balanced market for Singapore investors.”
The launch event will take place at Voco Orchard Hotel, Singapore, from 11am to 6pm, with a seminar starting at 2.30pm.
