SINGAPORE | Marina Bay Financial Centre | 245m | 239m | 227m | 222m | 192m | U/C

[RafflesCity]

Marina Bay Financial Centre (MBFC)

Phase 1

Height - 245m, 222m, 192m
1 residential tower (55 floors, 428 units) and 2 office towers (46 and 32 floors)
Architect - KPF & DCA Architects
GFA - 244 000 sqm
Construction - 2006
Completion - 2010
Developer - a consortium comprising Cheung Kong Holdings, Hong Kong Land & Keppel Land

Phase 2

Height - 239m, 227m
1 office tower and 1 residential tower

http://www.hkland.com/images/commercial_property/overseas_properties/bfc/gallery_bfc_h1.jpg

http://img.photobucket.com/albums/v133/RafflesCity/mbfcpic.jpg

http://img.photobucket.com/albums/v133/RafflesCity/mbrender2.jpg

http://img.photobucket.com/albums/v427/rotpics03/mbfc.jpg

http://img.photobucket.com/albums/v427/rotpics03/mbfc2.jpg

http://www.e-architect.co.uk/singapore/jpgs/marina_bay_business_financial_center_kpf120309_2.jpg

[RafflesCity]

Business and Financial Centre (BFC)

In line with Singapore 's goal to become a global business and financial hub, the BFC is slated for the development of state-of-the-art offices with purpose-built features to cater to the specific needs of business and financial tenants.

Sixty percent of the gross floor area (GFA) of this 3.55 ha development will be set aside for office use, while the remaining 40% GFA will be for complementary uses such as residential and recreation/entertainment facilities.

A flexible approach has been adopted to allow for the phased development of the site, with 244,000 sqm of GFA to be developed under the first phase (to be completed in 2009 – 2010). The total GFA will be 438,000sqm.

The tender for the BFC site broke local property records when it was awarded to the BFC consortium (comprising Keppel Land , HongKong Land and Cheung Kong Holdings) for $4,101 per sqm of GFA. The architects for the project are Kohn Pederson Fox Associates PC ( New York , USA ) and DCA Architects ( Singapore ).


2 pictures of the site in mid-2006 (bounded by the white fence)

http://img.photobucket.com/albums/v427/rotpics03/bfcsite.jpg

http://img240.imageshack.us/img240/6224/ndt19058vf.jpg

[RafflesCity]

BFC piling work to start in Sept

31 August 2006

WORK on the massive Business and Financial Centre (BFC) project in the Marina Bay area is set to begin soon with the award of a contract, in excess of $90 million, to Tiong Seng Contractors.


The contract is for piling and preparatory groundwork at the site. BFC Development project director Scott Rudisel said in a press statement yesterday that physical work - site preparation, piling and foundation works - on the 3.55 hectare waterfront site would begin in September.

The initial phase of the BFC project is expected to take three years. Phase One, scheduled for completion in the first quarter of 2010, comprises 244,000 square metres of high-quality office space, luxury residences and complementary retail facilities.

Tiong Seng Contractors is expected to move equipment and machinery onto the site in the coming weeks. The group was picked after an open tender earlier this year. Following this initial contract, the next stage will be the main tender for the construction of the BFC.

[Mosaic]

Great project!!!! really good for Singapore.

[glitz_boy]

btw, anybody know who is the Professional Engineer for this one? and the main contractor?

[Skyscrapercitizen]

It's a bit more of what you see all over the world, so definitely a building of this time. ;) But I think I like it.

[european]

Very sleek morden & sexy just like the rest of singapore.

[ZZ-II]

wow, a complete new highrise section. singapur is really amazing.

[Mosaic]

awesome indeed!!!! really can't wait!!

[Max the Swede]

Gee..with that casino it's gonna look awsome!

[RafflesCity]

BFC residences to attract strong interest from foreign buyers: agent

16 Sep 06

SINGAPORE: The proportion of foreign buyers for the residential units at the Business and Financial Centre is expected to be higher than the 30 percent recorded at The Sail at Marina.

This is according to marketing agent of the project, CB Richard Ellis.

The property consultant says foreign buying has now trickled down to the mid-end segment of the market.

The residential component of the Business and Financial Centre has received strong overseas buyer interest in its pre-launch.

Marketing agent CB Richard, the marketing agent of the project, said that the proportion of foreign buyers should outnumber that of the neigbouring Sail @ Marina.

"I think if I look forward, recently with the announcement of the integrated resort and also there has been a lot of publicity on the huge growth in private banking and a lot of people are coming in, I would think the percentage of foreign buyers for BFC apartments will be much more than 30 percent," said Willy Shee, Chairman, CB Richard Ellis Asia.

There has been interest to buy up whole floors, with foreign buyers coming from a wider geographical spread.

"We found the profile of the buyers expanding. Traditionally, our buyers are from Indonesia, Malaysia, Hong Kong. Now we find that there has been an increasing interest from Europe, mainland China, Russia and Australia. So we are seeing a much broader base of foreign buyers now," said Mr Shee.

CB Richard Ellis says prices of the BFC homes are expected to match subsales of The Sail at $1,400 to $1,650 per square foot if not more, and looking into the next 24 months, the strength will not be confined only to the high-end.

Consultants reckon that foreign buying, spurred by the influx of middle managers, should begin to flow into the middle segment of the residential market.

CB Richard Ellis predicts that the mid-end private apartments will rise by 10 percent in 2007.

By Matthias Chan, Channel NewsAsia

[Johan]

very modern and stylish! I like that there is some variety in the heights of the buildings, it makes it more interesting....

[RafflesCity]

MBFC logo

http://straitstimes.asiaone.com/STI/STIMEDIA/image/20061006/mbfc5t.jpg

MBFC

http://straitstimes.asiaone.com/STI/STIMEDIA/image/20061006/mbfc1t.jpg

MBFC from Integrated Resort

http://straitstimes.asiaone.com/STI/STIMEDIA/image/20061006/mbfc2t.jpg

MBFC office towers from Central Boulevard

http://straitstimes.asiaone.com/STI/STIMEDIA/image/20061006/mbfc3t.jpg

MBFC on Marina Bay skyline

http://straitstimes.asiaone.com/STI/STIMEDIA/image/20061006/mbfc4t.jpg

David Martin - General Manager

http://straitstimes.asiaone.com/STI/STIMEDIA/image/20061006/martint.jpg

[RafflesCity]

S'pore's future financial hub takes shape

6 Oct 06

By Joyce Teo

TAKE a look, Singapore.
The massive financial and business centre to be built at Marina Bay took definitive shape yesterday.

With the launch of phase one, costing about $2 billion, Singaporeans can now take a glimpse at how one of the nation's biggest commercial projects will look.

And it now has an official name: the Marina Bay Financial Centre (MBFC).

By 2010, it will help double the level of premium office space here, as part of the drive to keep Singapore at the cutting edge as a financial centre.

Home-owners also have the chance to be a part of it. Highly-coveted waterfront apartments will be built, in a move likely to add fuel to the already red-hot luxury market.

Of course, not far away, one of the integrated resorts is being built, too.

Phase one of MBFC comprises two office towers and one residential tower - accounting for 56per cent of the total 438,000sqm gross floor area.

Yesterday, at an event to launch the new name, Minister for National Development Mah Bow Tan said the project was a strategic step to ensure that Singapore remains a major player in the global banking and financial arena.

The idea for the project was motivated by a need to stave off regional competition. But the journey has been far from smooth.

The release of the site for sale - it was originally slated for the first half of 2003 - was delayed twice amid developers' fears that the huge site would cannibalise demand for space in the Central Business District.

The property market was just starting to recover back in May 2004, when the Government decided to release the site, said Mr Mah.

'It was a calculated risk, but one which was backed by our confidence that Singapore would recover strongly and so too the property market.''

A consortium comprising Cheung Kong (Holdings), Hongkong Land and Keppel Land eventually won the tender for the 99-year leasehold site in July last year.

Now, the property market here is on an upswing, with stellar growth in the premium office sector, defying earlier fears.

Office rents remain below mid-1990s peaks, but are back to 2000-2001 levels, with average rents for premium space at $7.60 per sq ft a month, said property consultancy CB Richard Ellis. Rents at brand new One Raffles Quay have already hit $10 psf.

The MBFC will have about 244,000 sq m of gross floor area, including 150,000 sq m for offices and 428 luxurious apartments at the 55-storey Marina Bay Residences.

There will be about 100,000 sq ft of shops, of which 70,000 sq ft will be for an underground pedestrian mall. The 32-storey office block will feature a rooftop garden restaurant. The other block has 46 storeys.

The new cluster of skyscrapers set for Singapore's skyline has been designed by the world-renowned Kohn Pedersen Fox Associates, which also worked on other projects such as One Raffles Link. MBFC's lead architect Paul Katz, who was in town yesterday, said there was nothing like it anywhere in the world.

'A commercial development of this scale will really take a global city into the 21st century,'' he said.

The centre's developers said there had been plenty of interest in the centre's homes, as well as office space.

Large financial institutions are said to be keen on the new development, which boasts large floor areas of up to 24,000 sq ft.

'We are not just unveiling another office building,'' said Mr Mah yesterday. 'We are unfolding a development that will contribute to the fulfilment of our vision for Marina Bay, strengthen our position as a key financial hub in Asia...'

[Sinjin P.]

Wow, Singapore has been booming and is continuing to boom, keep it up :okay:

[Nongkhai_tong]

Yes,great for singapore!!

[RafflesCity]

8 October 2006

Site preparation works have commenced.

http://img.photobucket.com/albums/v133/RafflesCity/newdowntown0810.jpg

[oriental_horizon]

nice pictures. i like the artist rendering when the project is fully completed.

[paradyto]

Nice developed!

[Chad]

It looks really great!!! Irregular shape would defineitly add some excitement to the main cluster. But why every new office buildings tend to be so green?
I dont have anything against green glass but it's getting to be so many! :D

[babystan03]

The design is classic KPF.....:cool:

[RafflesCity]

http://img.photobucket.com/albums/v133/RafflesCity/mbfcchart.jpg

[RafflesCity]

http://www.mbfc.com.sg/images/bannerpic.jpg

About the Architecture

Commentary on Marina Bay Financial Centre by
Architect Principal-in-charge: Paul Katz AIA of
Kohn Pedersen Fox Associates PC

Overview
�� The Marina Bay Financial Centre is an integrated mixed use development located on the waterfront of Marina Bay. It is both an extension of the historic financial center centered on Raffles Place and the Singapore River and the first step in establishing a new centre for Singapore centered on Marina Bay. It will work in concert with The Esplanade Theaters, One Raffles Quay, the Sands Marina Bay Resort, the Promontory site, One Raffles Quay and other future developments to provide a necklace of vibrant activity around the Bay that will add to Singapore’s international appeal.

�� Marina Bay Financial Centre, One Raffles Quay and all of the other buildings in Marina Bay will work together to achieve the common vision of an integrated mixed-use development — a vibrant lifestyle environment evoking the prestige of major urban centers like Rockefeller Center, Canary Wharf, and La Defense. Centrally located on the Bayfront, the Marina Bay Financial Centre is key to the success of this effort. A modern financial centre and residential address that is second to none, the BFC is a seamless extension of Singapore’s CBD, reflecting and enhancing Singapore's international reputation for financial services, hightech environments, and the 24 hour integrated lifestyle.


Design concept

�� The planning concept for the BFC site is a family of buildings that are massed and placed on the site to maximise views to and from the Bay while at the same time ensuring the site’s visual porosity. Taller towers rise at the rear of the site, grouped around the signature office tower. A lower-scale building with a publicly accessed sky-garden beneath its crown, this signature tower becomes the focal point of the scheme.

�� Planned as a “city in a garden,” the BFC provides an integrated live-work-play development. Retail, dining, landscaped public spaces, sky-gardens, and a connection to Singapore’s mass transit system create a 24-hour lifestyle
environment. At the pedestrian level, active and inviting public spaces take
advantage of the development’s proximity to both the Marina and the Central
Park.

�� The towers have been developed as a series of crystalline forms which have been sculpted and chamfered in plan to reflect light and provide a sense of depth to the surfaces. The towers are also sculpted at the skyline to create a unique and captivating profile for the development. The facades of all three towers are defined by projecting horizontal sunshades that will provide unity to the development, masking the internal variations that would ordinarily be apparent in a mixed-use program. Dramatic crystalline forms coupled with a unity of expression allow this first development on the landfill the critical mass necessary to create a dominant focal point on Marina Bay.

�� The two office towers have been placed on the site’s western edge, facing back to the CBD and fronting onto the adjacent central park. The combination of tall tower to the south and shorter tower fronting onto the Marina Bay ensures a unique identity for each tower within “the family,” while also maximizing views from within the office spaces of each. A podium beneath the south tower provides large trading floors designed for financial institutions.

�� The residential tower sits at the site’s northeast, granting it unparalleled views of the CBD skyline, the Marina, and the Straits. Oriented to minimize cross-viewing with the two office towers, the residential tower also employs a crystalline expression. A layer has been developed to provide continuous balconies for all units. These balconies also act as sunshades and prevent views into the interior of the apartments from above or below.

�� The presence of the BFC on Singapore’s nighttime skyline has received almost as much attention as its sunlit counterpart. The facades of the towers are illuminated from below, giving an even wash of light to the horizontal sunshades on the exterior wall. The sculpted crowns and sky gardens at the top of each tower are dramatically lit from the inside, forming a dialogue with the other crowns of the CBD skyline.

Sustainability

�� Horizontal sunshades on all glazed surfaces prevent solar load and cut down onglare. Singapore, near the equator, has high sun angles which allow moderateprojections to perform well as sunshades. High performance low-e/reflective glazing provides good shading properties and high levels of natural light, reducing the need for artificial illumination within. The project draws its cooling capacity from the District cooling plant which has been accommodated within the ORQ project, allowing the tower tops to become naturally ventilated public sky-gardens shaded by rooftop trellises.

[redstone]

Nice! Cam't wait!!! :cool:

[Javier]

Interesting project, placed in a good point. I liked also its height.

I'll keep visiting this thread.

[babystan03]

Wow....seems nice.....:yes:

[eng_kheffa]

oh !!!

what a nice shape

seem like slides beside others

[xix19xix]

Interesting project, placed in a good point. I liked also its height.

I'll keep visiting this thread.

Actually I couldn't understand why we (Singapore) can't have a building more than 280m. Nowadays, 245m is no longer considered as a supertall.

[babystan03]

Actually I couldn't understand why we (Singapore) can't have a building more than 280m. Nowadays, 245m is no longer considered as a supertall.

Height restriction is mainly due to the the skyline being in the flight path of Paya Lebar airport.....:yes:

[eng_kheffa]

it seems like 300m is a hard point 2 reach

[RafflesCity]

Dont matter...this new cluster will vastly enhance the current skyline and draw your perspective right out over the bay.

18 November 2006

Piling works in full swing

http://i77.photobucket.com/albums/j67/RCSSC/bfc1811.jpg

[Mosaic]

It's such a masive project!!!! How long in total does it take for developing phase I?

[great184]

Yeah there should be some variety like blues golds, silvers, bronze, grays, etc.

Never knew singapore still has some space left to build on

[redstone]

Yeah there should be some variety like blues golds, silvers, bronze, grays, etc.

Never knew singapore still has some space left to build on

Marina Bay is a masterplan for the future CBD, an extension of the current CBD. Was reclaimed 30 years ago in the 1970s. Since then, it had been a man made forest, with recreational areas, parks and empty fields. Development of the masterplan will take place over the next few decades. :yes:

3 vast plots of reclaimed land, one would be our new CBD. One is now a city golf course underconstruction, the smallest plot is now partly developed with Suntec City and Marina Square complex plus 5 hotels. :) Singapore Flyer is now rising on the tip of the smallest plot

[RafflesCity]

It's such a masive project!!!! How long in total does it take for developing phase I?

Phase 1 should be ready in 2010 :)

http://img.photobucket.com/albums/v427/rotpics03/mbfcrender.jpg

[redstone]

Great rendering!!!

[JoSin]

Very Beautiful!

If this is phase one, then what is phase two about?

[RafflesCity]

^^

Phase 2 will comprise room for about 2 more buildings. One building will be behind the residential tower and the other building will be behind the Sail.

The developer of MBFC has been given up to 8 years to commit to pay up fully for Phase 2, otherwise the land will be available to other developers.

[Escoto_Dubai2008]

This is a great country/ city and is building nice and wonderful projects.

[babystan03]

Nov 26, 2006
Waterfront condo to offer biggest penthouse
Marina Bay Residences' biggest unit spans 11,000 sq ft; project seen setting price standards for the area

By Property Correspondent, Joyce Teo

THE 55-storey Marina Bay Residences in the new downtown area will offer what could be Singapore's largest penthouse next month.

Spanning 11,012 sq ft, the penthouse has five bedrooms and will take up the 53rd to 55th floors. Apart from a rooftop terrace, it will have a 20m outdoor pool and two private lift lobbies.

The developers - a consortium comprising Cheung Kong Holdings, Hongkong Land and Keppel Land - are hoping the penthouse will help the condominium set the standard in luxury waterfront living at Marina Bay.

The condominium also has nine smaller penthouses ranging in size from 3,584 to 4,672 sq ft.

Other developers appear to be waiting to launch similar projects to ride on the anticipated hype generated by the condominium's launch.

The 428-unit Marina Bay Residences is set to be marketed around the middle of next month.

It is part of a larger development called Marina Bay Financial Centre (MBFC), next to Marina Bay's first condominium - The Sail @ Marina Bay. First released two years ago, The Sail has had strong interest from investors looking to cash in on what they view as the area's potential for price appreciation.

The private home market is recovering amid selective buying of niche projects. And the New Downtown at Marina Bay appears to be a key focal point as it will boast an integrated resort (IR).

The IR will be completed only at the end of the decade but already, a few sub-sale deals at The Sail have been done at relatively high prices.

Sub-sales are transactions in which homes bought directly from the developers are resold before the development has been completed.

One 2,293 sq ft unit on the 36th floor was recently sold for $2,009 per sq ft (psf), up from the highest level of $1,640 psf in August.

BS Capital said it will be ready to launch its 168-unit The Lumiere, off Anson Road, next month, though it has yet to decide on the date.

City Developments also aims to launch its 341-unit One Shenton Way project in the middle of next month or in January.

Over at The Clift in McCallum Street, developer Far East Organization has raised prices to $1,450 psf, up from about $1,100 psf when it was first released in July.

In September, MBFC development head of residential marketing Kan Kum Wah said its marketing agents CB Richard Ellis and DTZ Debenham Tie Leung had indicated that units at Marina Bay Residences could be priced between $1,400 psf and $1,700 psf. 'Currently, it has to be more than that,' he said of the price range.

Property agents said prices could range from $1,550 psf to $1,800 psf, or 5 per cent to 10 per cent above that range as interest appears strong.

Already, there is at least one offer of $20 million from a foreigner for its largest penthouse, said Mr Kan. This works out to about $1,816 psf.

joyceteo@sph.com.sg

Copyright © 2006 Singapore Press Holdings. All rights reserved.

[RafflesCity]

Some pics by Cliff of the crowd snapping up units for the residential tower:

I went at about 11am, and by then, most of the 3 bedders have been snatched!

http://img149.imageshack.us/img149/3884/showflatke3.jpg

anyways, here's the model
http://img133.imageshack.us/img133/6108/towerdb3.jpg


another pic from Cliff

http://img84.imageshack.us/img84/360/queuehs4.jpg

[RafflesCity]

90% of Marina Bay Residences sold at record prices

13 Dec 06

http://www.channelnewsasia.com/imagegallery/store/phpb2dO5W.jpg

SINGAPORE: Units at Marina Bay Residences have been sold at yet another record price.

The developer, BFC Development, says units were sold at over S$2,700 per square foot - the highest so far for primary sales in the area.

Even at this record-setting price, more than 90 percent of the apartments have been snapped up at special preview sales held for invited guests over the last two days.

According to the developer, 60 percent of the sales were to Singaporean buyers, with the rest going to buyers from the region.

The ten penthouses will be sold by a tender process on Thursday.

This includes the 1,023 square metre Uber Penthouse.

The 55-storey development, which comes with 428 units, will only be open for sale to the public this Friday.

It is scheduled to be completed by 2010 and will form part of the Marina Bay Financial Centre.

Marina Bay Residences is a joint venture between Keppel Land, Hongkong Land and Cheung Kong Holdings.


By Loh Kim Chin, Channel NewsAsia

[Cliff]

thanks raffie, here's a pic of the model with the rest of the city
http://img274.imageshack.us/img274/879/modelsqq2.jpg

errr, you can actually see the model of Singapore flyer at the bottom left, lying in the bay.:D

[babystan03]

thanks raffie, here's a pic of the model with the rest of the city
http://img274.imageshack.us/img274/879/modelsqq2.jpg

errr, you can actually see the model of Singapore flyer at the bottom left, lying in the bay.:D

^ Aiyo.....:lol:

Can't imagine that this will be happening in about 2 years.....:eek:

[RafflesCity]

Group to take up rest of BFC site

7 Feb 07


THE consortium behind the Marina Bay Financial Centre will exercise its option to buy the remaining 194,000 sq m of land on the vast business and financial centre (BFC) site, a consortium member said yesterday.
Its timely move means the group will likely be able to avoid having to pay increased development charges that are almost certain to be imposed when the Urban Redevelopment Authority unveils its six-monthly review on March 1.

These are the charges a developer pays to enhance a site's value, such as when it wants to build a bigger project.

Market watchers tip increased charges for Marina Bay, given the rise in values in the area, with one forecasting a rise of at least 20 per cent in the charges.

The consortium - Cheung Kong Holdings, Keppel Land and Hongkong Land - bought phase one of the BFC, now known as Marina Bay Financial Centre, in July 2005.

It submitted the top bid of $4,101 per sq m of gross floor area or $381 per sq ft per plot ratio.

Phase one comprised 2.6 million sq ft or about 56 per cent of the total gross floor area of 438,000 sq m at the BFC site.

The consortium had then taken up an eight-year option for the purchase of the remaining 194,000 sq m. This requires them to buy at least half of the area within four years and at prices that vary with changes in the average development charge for the area.

The executive director of Hong Kong's Cheung Kong Holdings, Mr Justin Chiu, told The Straits Times yesterday that 'the consortium has decided to take up the rest of the land'.

The group has yet to decide on the residential component for phase two, he said.

The consortium chalked up record prices of up to $3,450 psf for a penthouse at its sold-out Marina Bay Residences, the residential component of Marina Bay Financial Centre, last December.

Phase two will put more quality office space on the market, though there will a time lag before the supply comes onstream. Office supply is expected to remain tight until the Marina Bay Financial Centre is ready around 2010.

Property consultancy Knight Frank has forecast a rise in rents of Grade A office space of between 15 and 25 per cent amid tight supply.


By Joyce Teo, Property Correspondent

[spicytimothy]

how bland.. singapore has better offerings than this :-(

[RafflesCity]

More office space likely for Phase 2 of MBFC

26 Feb 07

Move seen as latest market response to acute shortage of office space

http://www.businesstimes.com.sg/mnt/media/image/launched/2007-02-26/BT_5727891_26_02_2007.jpg

(SINGAPORE) In a likely change of plan, the second phase of the Marina Bay Financial Centre (MBFC) is expected to have more office than condo space.

BT understands that the change is prompted by strong demand from banks and other big financial houses scouting for offices in Singapore.

'The consortium is reviewing increasing the office component in Phase 2 of MBFC in light of increasing demand from the financial services industry,' said Robert Garman, Hongkong Land's director of commercial property (South Asia), in response to a query from BT.

'We're in discussion with prospects to lease about one million sq ft of offices in the development,' he added. Hongkong Land is a member of the consortium that is developing the MBFC.

BT understands that initially the ratio of apartments to office space for Phase 2 was to be about 2:1, premised on strong demand for waterfront homes as seen in the December preview of Marina Bay Residences under MBFC's first phase.

However, major global banks increasingly concerned about the office shortage in Singapore have expressed strong demand for offices in the development, leading the consortium to reverse the allocation of office and apartment space for MBFC's second phase, according to industry observers.

The consortium, whose other members are Keppel Land and Cheung Kong Holdings, announced earlier this month it had exercised the option to buy the rest of the Business & Financial Centre site for $883.8 million, reflecting an effective unit land price of $435 per square foot (psf) of potential gross floor area.

Market watchers expect the two office towers of MBFC's first phase - which add up to about 1.65 million sq ft net lettable area - to be marketed together with the office tower in the second phase, which is expected to offer another one million-plus sq ft of offices.

The consortium developing Marina Bay Financial Centre also developed One Raffles Quay (ORQ) nearby which comprises two towers. Completed last year, the towers add up to slightly over 1.3 million sq ft of net lettable area. The last office unit at ORQ, said to be about 4,000 sq ft, was leased at a gross monthly rent of about $12 psf a month, nearly three times the effective rental when leasing for ORQ began in 2004, BT understands.

Responding to the office shortage building up in Singapore, the government is offering more sites in the first half of 2007 for office developments or projects with minimum office components. These include a prime plot behind One Shenton Way, and the former NCO Club on Beach Road.

However, office industry players say any new developments on these sites may come too late, as they will be ready only after the first office tower at MBFC is completed - in early 2010.

'Office rents will continue to rise till around 2010/2011, and then there could be a glut again as new projects are completed,' predicts an industry player.

Agreeing, the research head of a major foreign stockbroking house said the authorities probably erred on the side of caution by not offering more Grade A location office sites earlier, at least through the reserve list. 'So we'll have a supply shortage for the next few years and continued rental escalation - which could lead to some global financial players expanding their operations elsewhere instead - followed by the completion of a huge amount of office space, and rentals sliding after that.

'By not releasing land on a regular basis, they have exacerbated the cycle,' he added.

Calling for a calm reaction to the situation, CB Richard Ellis executive director Moray Armstrong said: 'The cyclical nature of the office market requires cool heads and prudence, in terms of how the government plans, and the private sector reacts, in addressing the shortfall in the short term.'

'In the near term, we need to look at improving supply of offices in decentralised locations and allowing more leeway for using business parks as offices,' he added.


By KALPANA RASHIWALA

Update: 20 Feb 07
by nolimit

http://img148.imageshack.us/img148/2432/img0080db3.jpg

[RafflesCity]

2 March 2007

http://i77.photobucket.com/albums/j67/RCSSC/mbfc0203.jpg

[ZZ-II]

what will be the tallest tower in the new marina bay?

[RafflesCity]

By 2010, this development, and the Sail will be the tallest buildings at Marina Bay.

In future, many more sites will be developed, so maybe, there could be taller buildings than these. Here is the masterplan, showing the future sites on the grid plan.

http://www.marina-bay.sg/images/map_01.jpg

[ZZ-II]

thank you RafflesCity

[redstone]

2 March 2007

http://i77.photobucket.com/albums/j67/RCSSC/mbfc0203.jpg

Now that's an amazing photo!

[Skyscrapercitizen]

^^

Yes it is! That's what I call some nice construction work, looks like an construction explosion Dubai style! (but better quality)

[RafflesCity]

10 March 2007 update

http://i77.photobucket.com/albums/j67/RCSSC/mbfc1003.jpg


Stanchart signs S'pore's biggest office lease

18 April 2007

STANDARD Chartered Plc. signed Singapore's largest ever office space lease on Wednesday, taking up 500,000 square feet of space over 24 floors at Marina Bay Financial Centre.

The deal underscores the booming office rental business in the Republic, where a shortage of prime Grade A space is driving up rents.

The bank said in a statement on Wednesday that it will spend about $800 million to move its Singapore offices to the new financial centre. The expenditure will include costs for rental, relocation and renovation.

Stanchart's Singapore operations are currently scattered across a few locations here and the new Marina Bay office, which would be the bank's largest office in one location, would see some consolidation of its businesses.

It said it had signed a 12-year lease agreement with an option for another eight years for the new office space which is expected to be ready by 2010.

Staff expansion
The bank will also increase its headcount in Singapore by nearly 60 per cent to 6,000 by the year 2010, from 3,800 currently, as it increases and relaunches its Asian private banking business.

Executive director Kai Nargolwala on Wednesday made the announcement when he spoke at a media briefing on the bank's expansion plans.

He said the increase of 2,200 in Singapore, which is among the bank's top five contributors to group profit and revenue, would be new hires.

'Apart from Singapore being a very important contributor to the bank, we actually run a large part of the bank globally out of Singapore,' said Mr Nargolwala.

Global businesses being run out of Singapore include the consumer bank business, foreign exchange and private banking.

Mr Nargolwala said Stanchart's new London office, which is being built at the moment, will be slightly smaller in total floor area than the new Singapore office.

Relaunches private banking
Stanchart was also starting to relaunch its private banking business after a non-compete clause with UBS ended a few years ago, he said.

Stanchart sold its private banking business in Asia in 1995 to Swiss Bank Corporation, which was subsequently merged with UBS.

Despite the shortage of private bankers amid a boom in the industry, resulting in a spate of poaching of experienced bankers among players, Stanchart is confident that it will be able to build a team quickly.

'We have a very, very thriving priority banking segment. Many of our relationship managers, that are at the top end of priority banking, can move into private banking. So we will have a natural pipeline there,' he said. 'We will be investing a lot to relaunch private banking.'

He also said the bank had no plans to cut costs at its consumer banking division, where expenses rose 26 per cent in 2006 against a 23 per cent rise in income.

'What we have said to the market very clearly is that we are going to allow...costs to grow faster than revenues in the consumer bank business in the first half of 2007.'

'The main reason is that we have so many opportunities to invest in the franchise,' he said adding that the investment would be in new branches, ATM machines and products.

'This is very much a planned investment spend that we are doing in the first half,' he said. Major areas of focus include China, where the bank is one of four foreign lenders given the go-ahead last month to start locally incorporated businesses.

'We are investing substantially in our branch presence and capabilities in China and we have a big push going on in Vietnam as well,' he said. -- REUTERS

[RafflesCity]

Stanchart to set up its world's largest office at Marina Bay

19 Apr 07

(SINGAPORE) Standard Chartered Bank yesterday announced plans to set up its biggest office anywhere in the world at the new Marina Bay Financial Centre to help run its global banking business. The bank intends to build up its staff strength in Singapore from the present 3,800 to about 6,000 by 2010.

http://www.businesstimes.com.sg/mnt/media/image/launched/2007-04-19/BT_6068107_18_04_2007.jpg

Including the cost of renovation and relocation as well as rent, the bank says it will be spending about $800 million on the new premises it is leasing at Marina Bay Financial Centre.

In what is thought to be Singapore's biggest office leasing deal so far, the bank has taken on a lease for up to 500,000 sq ft of space in Tower 1 of the centre's first phase, which is expected to be ready in the early months of 2010. The bank will be taking about 30 per cent of the total commercial space in the initial phase of the centre.

These will be the biggest premises Stanchart has in any one location worldwide, Stanchart group executive director (Asia) Kai Nargolwala told reporters at a news briefing yesterday. The bank's initial 12-year lease runs from Q3 2010, with an option to renew for a further eight years. The leasing deal was brokered by Jones Lang LaSalle.

Stanchart, whose headquarters are in London but which has most of its business in Asia, employs 60,000 people in 56 countries and territories around the world. Its 2006 annual report values its assets at US$266 billion.

'The move to Marina Bay Financial Centre will help centralise our front office staff from our various locations in Singapore under one roof and will provide us with a long-term occupancy solution,' Mr Nargolwala said.

Not everyone will be moving there, though, as the group plans to keep some of its present offices, probably including Six Battery Road.

'We are currently in eight locations in Singapore. We won't end up with just one location. We'll continue to have at least two or three, for our business continuity planning purposes and for a variety of other issues,' Mr Nargolwala said. 'At the moment, we have expanded way out of Battery Road. We have taken premises in a number of different buildings. So we could consolidate some of that back.'

Stanchart also occupies space in CPF Tampines Building, for backroom offices, as well as UOB Plaza 1, OUB Centre, and Plaza by the Park. Market watchers reckon that Stanchart will most likely keep the Tampines location along with Six Battery Road.

Stanchart officials estimate the bank could potentially occupy up to one million sq ft of space in Singapore by 2012, depending on market conditions and growth prospects. By some market estimates, the bank currently occupies about 400,000 sq ft across locations in Singapore.

Stanchart's business in Singapore is among the top five contributors to group revenue and profit. For 2006, Stanchart Singapore's income of US$622 million accounted for 7.2 per cent of the group total of US$8.62 billion. Operating profit here of US$289 million constituted 9.1 per cent of the group pretax figure of US$3.18 billion.

'But what a lot of people don't realise is that apart from Singapore itself being a very important contributor to Standard Chartered, we actually run a large part of the bank globally out of Singapore,' Mr Nargolwala said. Singapore is the global HQ for most of Stanchart's businesses, including consumer banking, rates and FX, corporate finance, debt capital markets, commodity corporates, client relationships, transaction banking and private banking.

Mr Nargolwala said the bank will be 'investing a lot' to relaunch its private banking business in Asia and the Middle East, after a non-compete clause with UBS ended some years ago.

The bank says it is not worried about the shortage of experienced private banking personnel. 'We have a very, very thriving priority banking segment. Many of our relationship managers that are at the top end of priority banking can move into private banking. So we will have a natural pipeline there,' Mr Nargolwala said. But Stanchart will still be looking for a lot of new staff. Mr Nargolwala said virtually all the 2,200 additional people the group will employ in Singapore by 2010 will be new hires. 'They will be across the board, because the bank's business across the board is growing,' he said.

Yesterday's deal will see Stanchart taking up 24 floors in the 33-storey Tower 1 of the Marina Bay Financial Centre. This tower will have about 620,000 sq ft of net lettable area. The 50-storey Tower 2 will have about one million sq ft of offices. The centre's first phase also includes the 428-unit Marina Bay Residences.

MBFC's second phase - slated to finish by late 2011 - will have an office tower and a residential tower. Nearly three-quarters of the total 4.7 million sq ft gross floor area in the entire project could be for offices.


By KALPANA RASHIWALA

[Singapor3]

General video update on all the developments around marina bay. Kinda old, sorry!

http://www.youtube.com/watch?v=vWMBSXmOO3c

[RafflesCity]

Taken by Baby

10 June 07

I have shot the progress of the MBFC Residences and the Office blocks (x2)


The first pict shows where the MBFC Residences will be located. Apparently the foundation for the MBFC Residences had just been completed. I believe we will see the first storey rise up very soon.

http://i202.photobucket.com/albums/aa277/tiong_guan_ng/mbfc12.jpg


The 2nd and 3rd pict shows where the office blocks are located. They had completed part of the ground drilling, and in progress of pushing in the metal piling and filling them with concrete to complete the piling foundation works.

http://i202.photobucket.com/albums/aa277/tiong_guan_ng/mbfc11.jpg


http://i202.photobucket.com/albums/aa277/tiong_guan_ng/mbfc10.jpg

[RafflesCity]

21 July 2007

It is the site on the lower half of the pic

http://i77.photobucket.com/albums/j67/RCSSC/bfc2107.jpg

[RafflesCity]

Marina Bay office tower fully leased 3 years ahead of completion

10 Aug 07

http://www.straitstimes.com/STI/STIMEDIA/image/20070809/ST_IMAGES_MNYJTMARINA.jpg

AN ENTIRE tower of the Marina Bay Financial Centre has been fully leased about three years ahead of its completion.
Developer BFC Development said it recently secured two new tenants for the remaining space in the 33-storey Tower One and its first tenant for the 50-storey Tower Two.

This follows the developer's success in pre-leasing 24 floors in Tower One to its first tenant, Standard Chartered Bank, in April.

French corporate and investment bank Natixis, a Paris-listed company, will occupy three floors with a total area of 65,000 sq ft at Tower One.

Wellington International Management Company will take up one floor with an area of 21,000 sq ft.

Both contracts are for nine-year leases.

BFC Development's general manager, Mr David Martin, added that BFC Development has secured a major Swiss private bank as the first tenant for Tower Two, which has 50 storeys and one million sq ft of space.

The bank will occupy 25,000 sq ft.

Mr Martin said BFC Development's marketing team is in advanced discussions with a number of other potential tenants.

'There is a very healthy level of interest in the building,' said CB Richard Ellis' executive director for office services, Mr Moray Armstrong.

'Theoretically, there are enough tenants to complete the leasing of the buildings based on inquiries.'

Strong demand for prime office space is evident as phase one of Marina Bay Financial Centre is more than 40 per cent pre-leased, he said.

Rental rates, even at the pre-lease stage, are expected to be competitive.

Given the location and luxurious quality of the financial centre, prices are expected to be in line with - and even exceed - current market rates, said BFC Development.

Government data shows that median rents of new leases in prime office buildings have risen 13.9 per cent to $10.33 per sq ft per month in the second quarter.

The supply crunch looks set to ease only in 2010, when phase one of the 3.55ha Marina Bay Financial Centre is completed. The residential block was sold out in December.

The second phase will be completed in 2011. Its residential block will have about 250 luxurious and large three- and four-bedroom units, all with private lift lobbies.

'Potential buyers and existing home owners in Marina Bay Residences have already expressed strong interest in the new tower, which we are targeting to launch at the end of the year,' said Mr Martin.


By Joyce Teo, Property Correspondent

[RafflesCity]

22 September 2007

Load testing and piling is still going on.

http://i77.photobucket.com/albums/j67/RCSSC/mbfc2209.jpg

[redstone]

Wow, the boulders are stacked up so high!

[Bumgarner]

..
13 Oct 07

Marina Bay Residence finally building up !

The yellow crane had moved in, and they are building the 1st and 2nd storey.

The price of MBR should climb as each floor build up, as we had seen at Sail in the past.

Cool !



http://i221.photobucket.com/albums/dd266/babysgp/MBR_1.jpg


http://i221.photobucket.com/albums/dd266/babysgp/MBR_2.jpg


http://i221.photobucket.com/albums/dd266/babysgp/MBR_3.jpg

[Bumgarner]

..
11 Nov 07

MBR rising up !




http://i221.photobucket.com/albums/dd266/babysgp/MBR_2-1.jpg



http://i221.photobucket.com/albums/dd266/babysgp/MBR_1-1.jpg

[Bumgarner]

..
12/11/07

http://img228.imageshack.us/img228/6259/img0246mr5.jpg

[JoSin]

Great! Finally!!

[abskess]

WOW! great project at the Marina...:banana::banana::banana:

I will be back to my second country soon...yaaaaaaaaaaaaahhoooooooooooo

:banana::banana::banana::banana::banana:

[M.Schwerdtner]

shot them on 16.12.07 ... a bit late i know ...

http://farm3.static.flickr.com/2388/2153945972_68491145f8_b.jpg

http://farm3.static.flickr.com/2259/2153944838_230b04ee1c_b.jpg

http://farm3.static.flickr.com/2186/2153148681_41dbb69b19_b.jpg

[klavah]

25 January 08



http://ssc.singapenguin.net/08/080125_marina_bay_residences_and_bfc02.jpg

[RafflesCity]

Some renderings of the 3 towers of Phase 1.

Phase 2 includes 2 more towers, but only the residential tower is shown, with bright lights. The total project will involve 5 new towers.

http://img.photobucket.com/albums/v427/rotpics03/mbfc.jpg

http://img.photobucket.com/albums/v427/rotpics03/mbfc2.jpg

[RafflesCity]

17 March 2008

http://i77.photobucket.com/albums/j67/RCSSC/mbfc.jpg

[Marco Polo]

Cool!!!

[RafflesCity]

http://farm3.static.flickr.com/2352/2391944300_be0ea51433_o.jpg

http://farm3.static.flickr.com/2125/2391114201_51839ce65b_o.jpg

http://farm3.static.flickr.com/2365/2391114579_6dacdaf702_o.jpg

http://farm3.static.flickr.com/2174/2391945674_4d235bc6fa_o.jpg

[RafflesCity]

2 May 2008

http://i77.photobucket.com/albums/j67/RCSSC/bfc0205.jpg

[RafflesCity]

The entire development (Phase 1 and 2) will involve 5 new towers - 3 office towers and 2 residential towers:

http://img.photobucket.com/albums/v133/RafflesCity/mbfcpic.jpg

[redstone]

They look like a combination of Sail and Raff Quay

[DJ_Archuleta]

wooww i love it!!

[club_ultima2006]

Beautiful but expensive to visit!

[Cliff]

bump!

[ZZ-II]

awesome, 4 200m+ towers more for singapur!!!

[RafflesCity]

awesome, 4 200m+ towers more for singapur!!!

So far only the residential tower is rising faster than the rest. This new development will be connected to a new subway station on the new Downtown Line Phase 1, that runs from Chinatown interchange, through the Marina, to Bugis interchange.

20 June 2008

http://i77.photobucket.com/albums/j67/RCSSC/mbfc2006.jpg

[Marco Polo]

Thanks for the update!!

[RafflesCity]

Heres another update by lifestyle-1881

This tower is rising ahead of the others

http://lifestyle.smugmug.com/photos/317109241_jG45X-L.jpg

[coolhot]

Good To Be There
CitiWall to take on 30 Storey Glass and Curtain Wall Works
-------------------------------------------------------
www.citiwall.com.sg

[RafflesCity]

12 July 2008

Spot the office tower rising on the right.

http://farm4.static.flickr.com/3134/2667038759_7f901f0d19_o.jpg

[RafflesCity]

25 July 2008

http://img.photobucket.com/albums/v133/RafflesCity/sky4.jpg

[Ni3lS]

Crane maze :)

[RafflesCity]

9 August 2008

Taken by Baby

http://i221.photobucket.com/albums/dd266/babysgp/mbfc1-1.jpg

http://i221.photobucket.com/albums/dd266/babysgp/mbfc2-1.jpg

[Dale]

What a beehive.

[Brasil Guy]

As usual in Singaporean construction sites, the first tower is rising pretty fast.

[RafflesCity]

BHP Billiton to lease office space at MBFC

14 Aug 08

Aussie firm will take up 150,000 sq ft at Marina Bay Financial Centre's Tower 2

(SINGAPORE) Mining and resources giant BHP Billiton of Australia is leasing about 150,000 sq ft at Marina Bay Financial Centre, BT understands.

http://www.businesstimes.com.sg/mnt/media/image/launched/2008-08-14/BT_IMAGES_KRMOVE14.jpg

The space will be in MBFC's 50-storey Tower 2, under the mega project's first phase, which is slated for completion in second quarter 2010.

BHP Billiton is one of the world's biggest producers of primary aluminium, copper, lead, zinc, nickel, iron ore and metallurgical coal. It is also a major producer and marketer of export thermal coal and has a significant oil and gas business with production operations in Australia, the UK, Gulf of Mexico, Algeria and Pakistan, according to information on the group's website.

Singapore is already one of BHP Billiton's three centralised marketing hubs (the other two are in The Hague in The Netherlands and Antwerp in Belgium) focusing on the Asian energy market, base metals, stainless steel materials and carbon steel-making raw materials. The centre in The Hague focuses on aluminium, petroleum and the European energy coal market, while the Antwerp office serves the group's diamond customers around the world.

BHP Billiton's Singapore operations are currently located at Capital Tower and Springleaf Tower, both near Tanjong Pagar MRT Station. Market watchers expect the group to give up its existing premises when it moves to MBFC. The 150,000 sq ft or so it will be leasing at MBFC is said to be more than twice the group's existing space in Singapore, suggesting expansion plans in Singapore.

BHP Billiton, which is listed on the Australian and London bourses, posted profit after taxation of US$13.5 billion for the year ended June 30, 2007, up 28.2 per cent from the preceding year.

Some property market watchers were pretty impressed with news of BHP Billiton's leasing deal at MBFC given the slower office leasing market.

MBFC is iconic of Singapore's ambitions to be a major financial centre. Including the latest leasing deal with BHP Billiton, MBFC's 2.9 million sq ft total net lettable area of offices is about 60 per cent pre-committed.

Monthly rents in the development are in the region of $16 per sq ft, said Kevin Wong, chief executive of Keppel Land, at a results briefing last month. KepLand is developing MBFC jointly with Hongkong Land and Li Ka-shing's Cheung Kong Holdings/Hutchison Whampoa.

However, BHP Billiton will probably be paying less than the $16 psf rental being quoted, given the size of space it is leasing, market watchers reckon.

Earlier tenants clinched at MBFC include Standard Chartered, which is taking 508,298 sq ft at the 33-storey Tower 1, also in the project's first phase. Barclays and American Express International have signed up for Tower 2, also in Phase 1 and where BHP Billiton will be housed.

The second phase of the project, expected to be completed in 2012, will include Tower 3, with about 1.3 million sq ft of offices, of which about 700,000 sq ft have been leased by DBS.


By KALPANA RASHIWALA
Business Times

[RafflesCity]

29 August 2008

Taken by LittlePig

http://img511.imageshack.us/img511/1942/29082008632op4.jpg

[RafflesCity]

Over 65% of Phase 1 leased out

11 Sep 08

BHP Billiton and Macquarie take up total of more than 216,000 sq ft


(SINGAPORE) The first phase of Marina Bay Financial Centre is 65.6 per cent pre-leased, almost two years ahead of its completion in Q2 2010. Two big names from Australia, BHP Billiton and Macquarie Group, are among the latest tenants announced by the consortium developing the mega project.


The BHP Billiton deal confirms a BT story last month.

The resources giant will lease 142,000 sq ft on levels 44 to 50 of MBFC's Tower 2 under the project's first phase, while Macquarie will take more than 74,000 sq ft on levels 16 to 18 of the same tower. Both tenancies are for 10 years, with options for renewal and expansion.

Murex Southeast Asia, which is involved in software development for trading, risk management and processing, has leased about 25,000 sq ft on level 19 of Tower 2 under a six-year tenancy agreement.

With the latest signings, the total 2.92 million sq ft of Grade A office space in both phases of the MBFC development is 61 per cent pre-committed.

The project is a symbol of Singapore's ambition to be a leading financial centre.

The office component of MBFC's Phase 1 comprises Tower 1, fully let and anchored by Standard Chartered Bank, and Tower 2, which is now 45 per cent pre-leased. The second phase, slated for completion in Q2 2012, consists of Tower 3, which is 55 per cent pre-committed and anchored by DBS Bank with a 700,000 sq ft lease.

MBFC marketing agent CB Richard Ellis's executive director Moray Armstrong said that while overall office leasing momentum in Singapore has eased in the past few months, the latest signings at MBFC are 'a good indicator that demand for quality office space remains in positive territory'.

'There is, of course, some caution among occupiers, but across the majority of our client base we sense there is underlying confidence in Singapore's relative position,' he said.

The MBFC project also includes two residential developments and 119,000 sq ft of retail space. The project is being developed by a consortium comprising Hongkong Land, Keppel Land and Li Ka-shing's Cheung Kong (Holdings)/ Hutchison Whampoa.


By KALPANA RASHIWALA

[RafflesCity]

13 September 2008

http://i77.photobucket.com/albums/j67/RCSSC/bfc1309.jpg

[RafflesCity]

2 November 2008

http://img.photobucket.com/albums/v427/rotpics03/bfc0211.jpg

[Dr Gonzo]

Nice weather when you took them pics :nuts::)

[Dr Gonzo]

updated pics anyone please?:banana:

[weird]

Singapore Marina will be incredible when those towers will be finished.

[Ni3lS]

^^ It's not Dubai. This is Singapore :)

[weird]

Sorry. Typo. My mind was thinking in one thing and my fingers have tapped another one :lol:

[corredor06]

great project

[RafflesCity]

28 February 2009

http://farm4.static.flickr.com/3501/3316036881_ba83424393_o.jpg

http://farm4.static.flickr.com/3575/3316036541_b87ba25429_o.jpg

http://farm4.static.flickr.com/3384/3316037077_1188f29dcf_o.jpg

http://farm4.static.flickr.com/3619/3316862544_50ccea1ae7_o.jpg

[Dr Gonzo]

Excellent work Raffles City!

[RafflesCity]

Thank you Dr Gonzo :)

Here is a pic taken by Baby

http://i221.photobucket.com/albums/dd266/babysgp/mbfc4-2.jpg

[luci203]

Great project. :cheers:

Singapore ruulless... :rock:

[RafflesCity]

Update taken by Pengui

14 March 2009

http://ssc.singapenguin.net/09/20090314_bfc_04.jpg

[RafflesCity]

31 March 2009

http://i77.photobucket.com/albums/j67/RCSSC/bfc3103.jpg

[skyperu34]

What an excellent project ! Huge and nice ! Great updates...

[RafflesCity]

More renderings from:

http://www.e-architect.co.uk/singapore/marina_bay_business_financial_center.htm

http://www.e-architect.co.uk/singapore/jpgs/marina_bay_business_financial_center_kpf120309_1.jpg

http://www.e-architect.co.uk/singapore/jpgs/marina_bay_business_financial_center_kpf120309_2.jpg

http://www.e-architect.co.uk/singapore/jpgs/marina_bay_business_financial_center_kpf120309_3.jpg

[zhiemi]

^^

Stupendous! This is totally going to change Singapore's skyline, for the better!

Is there any plan for further land reclamation around this area?

[RafflesCity]

^^

Is there any plan for further land reclamation around this area?

Most of the land reclamation for this area (called Marina South) has been completed. As seen from the plans below, there are many more land plots set aside for future expansion.

http://www.marina-bay.sg/img/map_loc_big.jpg

http://www.marina-bay.sg/map/images/map2_01.jpg

[RafflesCity]

The first thrust of the expansion is to complete developments fronting the bay.

http://www.marina-bay.sg/img/map_pan_big.jpg

[zhiemi]

Wow..

Wonder what the 'second thrust' will do when the first one has already made it too impressive!

Thanks for the detailed info, btw :)

Singapore rocks :rock:

[whoami]

wow so there's a thread for this project!!

i was in singapore last month.. took some pics from inside the marina bay commercial tower1 and residential...


tower 2 commercial from tower 1
http://i44.tinypic.com/3538j1d.jpg

tower2 rebar works
http://i42.tinypic.com/f024w3.jpg

tower2 crane support and lifting
http://i39.tinypic.com/10z8cpy.jpg

tower2 crane
http://i40.tinypic.com/if7lv5.jpg

[whoami]

from inside tower1 commercial

http://i44.tinypic.com/14bul9t.jpg

http://i40.tinypic.com/34quss8.jpg

[whoami]

residential

http://i41.tinypic.com/2a6v9ye.jpg

testing of embeds
http://i40.tinypic.com/fk2td3.jpg

http://i44.tinypic.com/2mplyy1.jpg

[Simon91]

^^Wow, great pics, especially last one from ur first post, thanks for sharing!

[RafflesCity]

Thanks for those pics whoami! Do you work on this project or something? Very exclusive shots from within the site!

[luxemarkus]

Thanks for those pics whoami! Do you work on this project or something? Very exclusive shots from within the site!

Hi,

Anyone interested in a very high floor stack 01 (1959 sqft) below $2000 psf can give me a call. Thanks.

[wonuraimo]

Nice interior shots ^o^

[whoami]

Thanks for those pics whoami! Do you work on this project or something? Very exclusive shots from within the site!

guys thanks for the appreciation....

[wonuraimo]

1125metres worth of skyscrapers if you add all their combined height.A massive project nonetheless.

[MiL9]

What a huge project! Just love it! and it's really gonna be amazing place when it completed


The first thrust of the expansion is to complete developments fronting the bay.

http://www.marina-bay.sg/img/map_pan_big.jpg

[whoami]

im here SG

http://i43.tinypic.com/2zf3eir.jpg

http://i42.tinypic.com/2749e.jpg http://i41.tinypic.com/29wlchj.jpg http://i40.tinypic.com/16gn5sj.jpg

[Htay9500]

I hope its completed by the time I am able to visit there!

[wonuraimo]

Nice pics

[RafflesCity]

by wonuraimo

http://i655.photobucket.com/albums/uu276/wonuraimo/MarinaBay068.jpg

[Assemblage23]

hey whoami,

I have seen lately your updates in HOngKong, Shanghai and now in Singapore. And all them from within the construction site. You are the envy of many of us here ;)

[RafflesCity]

29 May 2009

http://i77.photobucket.com/albums/j67/RCSSC/29mb2.jpg

http://i77.photobucket.com/albums/j67/RCSSC/29mb1.jpg

[Juan Pilgrim]

It is coming along really fast.
Beautiful!!!




:horse:

[RafflesCity]

Position in the skyline

http://img.photobucket.com/albums/v427/rotpics03/maypano.jpg

[chinatown]

nice progress.

[Eric Offereins]

Position in the skyline



They really make the skyline wider because of their location. :)

by the way, your 29 May pics are a bit overdone with blue. ;)

[RafflesCity]

^^

Thanks for the feedback. Those pictures were taken from a building with blue glass cladding. I tried to correct the colour settings but I'm really random at such stuff ;-)

[RafflesCity]

by Singapor3
http://farm3.static.flickr.com/2465/3665039977_92f9ea4ac6_b.jpg

[RafflesCity]

11 July 2009

Taken from the restored Clifford Pier promenade

http://i77.photobucket.com/albums/j67/RCSSC/mbfc1107.jpg

[the man from k-town]

nice towers. i will get there soon hopefully.

[RafflesCity]

$1b boost to Marina Bay

29 Jul 09

TO SUPPORT the future growth of Marina Bay, the government will invest another $1 billion in infrastructure works over the next 10 to 15 years, on top of the $7.5 billion already pumped into the area, National Development Minister Mah Bow Tan announced on Wednesday.

Calling it 'a sound investment and a vote of confidence', Mr Mah said the new business and financial district in Marina Bay reflects the government's commitment towards supporting the needs of international financial institutions.

Speaking at the topping out ceremony of the Marina Bay Financial Centre, he said: 'When fully developed, this new financial district will generate quality office space in a prime downtown location that can rival those in the leading financial centres of Tokyo, New York and London.'

The project, the first to be developed under a Master Developer concept, gave developer greater flexibility to decide on the mix of uses, layout and design, so as to better serve the needs of the market. In addition, the Government introduced a flexible payment scheme, which enabled investors to phase the development according to market demand, and lowering upfront costs and risks, said Mr Mah.

The MBFC project exemplifies the integrated live-work-play environment we envision for Marina Bay. Besides being a high quality office locale, MBFC will also be an exclusive waterfront home with its two residential towers, he added.

Residents and tenants will be served by an underground pedestrian retail mall that provides seamless access to surrounding shops, restaurants and MRT stations. Such integration of uses will breathe life into this part of the city beyond the five-day work week.

;In addition, the MBFC exemplifies our vision of a sustainable business district,' added Mr Mah, pointing out that the Marina Bay has attracted over $20 billion of private real estate investments from both local and international investors.

And despite the current economic slowdown, the commercial towers of MBFC are already more than 60 per cent pre-leased.

From vision that started some 30 years ago, Marina Bay was planned to be a seamless extension of the existing Central Business District. It will provide businesses with a premier waterfront address, a 24-hour live-work-play environment and seamless public transport and pedestrian connectivity. It will also provide a livable and environmentally sensitive environment to work in, including the iconic Gardens by the Bay.

'We have invested consistently, through good times and bad, to turn our plans into reality. Despite the economic difficulties in 2001, 2003 and now, we have pressed on to put in the road and rail systems, the Common Services Tunnel, a waterfront promenade, and new bridges connecting the Bayfront and Marina Centre areas,' said Mr Mah.

'As a result, an exciting new skyline is fast taking shape in Marina Bay.'

http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_409654.html

[whoami]

hey whoami,

I have seen lately your updates in HOngKong, Shanghai and now in Singapore. And all them from within the construction site. You are the envy of many of us here ;)

:banana:

no dont envy me, im just a jetsetter who loves photos and construction.


guten tag!

[Indian Forever]

Great pictures thanks:)

[whoami]

last week

http://img338.imageshack.us/img338/8163/dsc00076c.jpg (http://img338.imageshack.us/i/dsc00076c.jpg/)

http://img252.imageshack.us/img252/7333/dsc00077n.jpg (http://img252.imageshack.us/i/dsc00077n.jpg/)

http://img199.imageshack.us/img199/1874/dsc00081u.jpg (http://img199.imageshack.us/i/dsc00081u.jpg/)

[chinatown]

nice progress!

[Marco Polo]

slowly getting there

[RafflesCity]

31 July 2009

http://i77.photobucket.com/albums/j67/RCSSC/bfc3107.jpg

http://i77.photobucket.com/albums/j67/RCSSC/bfc3107b.jpg

And a pic by Sonofadude

http://i198.photobucket.com/albums/aa291/sonofadude/DSCF2096.jpg

[RafflesCity]

Pic by lifestyle-1881

http://www.smugmug.com/photos/599661168_K4Lcc-L.jpg

http://www.smugmug.com/photos/599661100_UfqCe-L.jpg

[fatshe]

8-8-09

http://api.photoshop.com/home_11e5fbb8309740b9aa8ad5872ce63dff/adobe-px-assets/1a6a8f4ddb734ee58e1390328343de8a

http://api.photoshop.com/home_11e5fbb8309740b9aa8ad5872ce63dff/adobe-px-assets/9ffa72990df24525b14b0ccc2d106285

[cmjohns6]

so which towers are we seeing here? Marina Bay Residencial, and 2 of the Marina Bay Financial Towers?

[RafflesCity]

The 3 towers you see are Phase 1.
They include Marina Bay Residences on the left of the 2nd pic, and the 2 office blocks.

Phase 2 is at piling stage and will comprise 1 office block and 1 residential block (Marina Bay Suites).

[magnifera.indica]

http://www.e-architect.co.uk/singapore/jpgs/marina_bay_business_financial_center_kpf120309_2.jpg

lovely

when is the completion date of the phase 2?

[RafflesCity]

The two towers for Phase 2 have not started rising yet. I understand that piling has been completed for one of the blocks, and piling is still on-going for the other. So within the next 3 years perhaps.

[RafflesCity]

27 Aug 09

SINGAPORE: The first phase of Marina Bay Financial Centre is now 67 per cent pre-leased ahead of its completion in the second quarter of next year. This phase includes Tower Two and the fully pre-leased Tower One.


The latest tenant at the location is Servcorp, a serviced and virtual office provider. In a statement, Raffles Quay Asset management said Servcorp's seven-year lease will start next year.


Servcorp will occupy an entire floor spanning about 22,000 square feet in Tower Two. It will join other companies like BHP Billiton and the Macquarie Group.


Phase Two of the Marina Bay Financial Centre is due for completion in the second quarter of 2012. Its office space in Tower Three already has 55 per cent pre-commitment.

May Wong, Channel NewsAsia

[RafflesCity]

Posted by sudheeshnairs

http://i34.tinypic.com/33l048p.jpg

http://i38.tinypic.com/o89zfc.jpg

[sergey220]

a building of five ready?

[Caravaggio]

Singapore is awesome there is always something interesting going up in the city.

[RafflesCity]

a building of five ready?

Of the five buildings, three are well into progress and nearing completion as can be seen. The other two are still at ground works. (They are part of Phase 2, ie the land was sold at a later date to the developer)

[Chad]

Stunning speed, I would love to visit the city soon. :)

[RafflesCity]

27 Oct 09

SINGAPORE: The S$4-billion Marina Bay Financial Centre mega project is on target despite the global downturn. In a year, phase one of the Marina Bay Link Mall under the Centre will be up and running, with tenants moving into the offices above.

Raffles Quay Asset Management (RQAM), who has revealed plans to make the 176,000-square-foot mall a place to "Shop, Dine and Play", said the response rate has been positive.

"So far, the take up rate has been very good," said Wilson Kwong, chief executive officer of RQAM. "We are one year away from completion and we are honoured to have 45 per cent pre-commitments for phase one alone, not to mention that the office segments we have also received very good take up rates."

Since no development can be complete without two favourites amongst Singaporeans - food and shopping - 40 per cent of the mall will be occupied by food and beverage shops, while the remaining will be retail outlets.

The first phase of the mall is scheduled to receive its temporary occupation permit by the second quarter of next year, while the second phase will be ready by the middle of 2012.

The developer of the Marina Bay Financial Centre said that on average, about 50,000 people are expected to patronise the Marina Bay Link Mall once it is completed.

While it did not name the key tenants, the developer promised lifestyle brands and convenience services to cater to those who work and live there. However, RQAM said it would be difficult to avoid duplicating some of what other nearby malls in the area already offer.

"You do need essential services in all the retail malls and that is common, not just in Marina Bay Link Mall but in all other malls as well," explained Kwong. "But in doing that, we made sure they are new to market concepts. But essentially, all the concepts will cater for the residences and the people working in the office towers."

The mall will also be well-connected through underground pedestrian networks and the future Downtown MRT station.


http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1013983/1/.html

[HD]

http://img121.imageshack.us/img121/6190/sine.jpg

I took this a few days ago. looks like marina bay doubled the size of the CBD cluster

[chinatown]

any news on the 300+m building?

[tietsuong]

very modern look, and it's goal of being the hub for all commerce is getting there. love that little island city!

[RafflesCity]

A pic by paradyto

http://img32.imageshack.us/img32/6010/sing32.jpg

[RafflesCity]

Spotted on the left (picture taken by Kit).
Kit has taken more awesome pictures of this area in his thread titled 16 x 9 Panoramas (http://www.skyscrapercity.com/showthread.php?t=1033857).

http://farm3.static.flickr.com/2616/4180385684_01a651e75b_b.jpg

[RafflesCity]

http://www.marinabaylink.com.sg/images/marina-bay-link.gif

http://www.marinabaylink.com.sg/home.html

Situated directly below the Central Open Space, the subterranean mall will boast of a range of retail and F&B attractions along the Underground Pedestrian Network (UPN), creating an engaging thoroughfare for shoppers and pedestrians. It is directly connected to Downtown MRT station (Downtown Line), Office Towers 1 & 2, One Raffles Quay and The Sail, as well as to Raffles Place MRT Station.

An Underground Pedestrian Network passing along Marina Boulevard will connect the development's office and residential towers as well as the nearby towers of The Sail @ Marina Bay, Collyer Quay, Raffles Quay, MRT stations, Central Promontory and Marina Bay Sands Integrated Resort, creating an engaging thoroughfare for underground pedestrians. A discreet underground public car park with 250 URA (Urban Redevelopment Authority) lots will cater for easy access to the site without compromising the quality of urban spaces at ground floor.

Thanks to sprattel for uploading the renderings:

http://i1013.photobucket.com/albums/af255/spr4ttel/discover-dev-02.jpg

http://i1013.photobucket.com/albums/af255/spr4ttel/discover-dev-01.jpg

http://i1013.photobucket.com/albums/af255/spr4ttel/discover-dev-03.jpg

http://i1013.photobucket.com/albums/af255/spr4ttel/discover-dev-04.jpg

http://i1013.photobucket.com/albums/af255/spr4ttel/discover-dev-05.jpg

http://i1013.photobucket.com/albums/af255/spr4ttel/discover-dev-06.jpg

http://i1013.photobucket.com/albums/af255/spr4ttel/discover-gro-banner.jpg

http://i1013.photobucket.com/albums/af255/spr4ttel/discover-off-banner.jpg

http://i1013.photobucket.com/albums/af255/spr4ttel/discover-financial-centre.gif

[RafflesCity]

Posted by sprattel:

Pictures taken on 2010-01-24. In general, things seem to largely be in place, inside as well. Escalators, lights, etc:

http://i1013.photobucket.com/albums/af255/spr4ttel/P1010691.jpg

Window cleaning in progress. Lots more to go! I don't envy those guys...
http://i1013.photobucket.com/albums/af255/spr4ttel/P1010698.jpg

Entrance to the lowest tower, near Central Linear Park.
http://i1013.photobucket.com/albums/af255/spr4ttel/P1010700.jpg

Working on the entrance plaza. It seems like trees will be planted soon in those rectangular slots?
http://i1013.photobucket.com/albums/af255/spr4ttel/P1010703.jpg

At the "back" of MBR, next to the big entrance. Inside, an escalator can be seen fronting a decorated wall, along with lights installed in the ceiling.
http://i1013.photobucket.com/albums/af255/spr4ttel/P1010705.jpg

MBFC seen from Lau Pasat. Imagine this backdrop in a few years :)
http://i1013.photobucket.com/albums/af255/spr4ttel/P1010715.jpg

Don't expect the Central Linear Park to open anytime soon:
http://i1013.photobucket.com/albums/af255/spr4ttel/P1010699-1.jpg

Not sure if the resolution on this one shows it, but I can now see rebar sticking out of concrete blocks next to those cranes, pretty much where the core of the last tower would have to be:
http://i1013.photobucket.com/albums/af255/spr4ttel/P1010708.jpg

[po-boy]

Singapore is an amazing place. Thanks for the updates on this and the other projects.

[RafflesCity]

This is taken by CityGlide

http://i980.photobucket.com/albums/ae282/SCskysc/Marina%20Bay/omch143-C.jpg

[VictorF]

Awesome development. It reminds me of Vegas City Center in some views of the facades and buildings shape

[Luis87]

What a great view! :drool: :drool:

[VRS]

great up date also fantastic panorama....imagine if all contraction finish *the panorama probably will be more spectacular...

[don diego 2000]

http://i630.photobucket.com/albums/uu22/don_diego_2000/IMG_0634.jpg http://i630.photobucket.com/albums/uu22/don_diego_2000/IMG_0636.jpg

http://i630.photobucket.com/albums/uu22/don_diego_2000/IMG_0635.jpg

[KAZAN RESIDENT]

http://farm3.static.flickr.com/2425/4364841155_5edf256d65_b.jpg
http://www.flickr.com/photos/andrewjktan/4364841155/sizes/l/

[whoami]

from a friend.:cheers:

http://i46.tinypic.com/15xqsfk.jpg

[VRS]

beautiful picture