Singapore slung

This is from a nice hotel in Singapore, and a nice room. Most of the art in the room was actually quite tasteful, and I didn't mind it at all, but the main living area was dominated by this six foot monstrosity;

(Oil on canvas. Unsigned.)

What is it? I thought letters originally, but the phallic thing bottom centre has the look of a tower with an angled roof on it. The green bits do look a bit like the ever present trees around Singapore. Are these supposed to be city blocks? Horrific.