SINGAPORE | Capitagreen | 242m | 40 fl | U/C

Vrooms · February 7th, 2012, 03:19 PM

CAPITAGREEN SINGAPORE

http://www.finanznachrichten.de/pdf/...000646A9.1.pdf

Source:http://www.channelnewsasia.com/stori...181342/1/.html

Quote:

New office tower at site of former Market Street Car Park
By Venus Hew | Posted: 06 February 2012 2359 hrs

SINGAPORE : A billion-dollar office block is being erected at the site of Market Street Car Park in Singapore's financial district.

As the market for prime-grade office space is softening, property analysts are wary that the developers may not achieve the rentals they are seeking.

Property group CapitaLand, together with CapitaCommercial Trust (CCT) and Mitsubishi Estate Asia (MEA), will jointly develop the former Market Street Car Park into a new Grade A office tower.

The demolition of the car park was completed in December 2011.

Under the agreement, CapitaLand, CCT and MEA own 50 per cent, 40 per cent and 10 per cent interest respectively in MSO Trust, an unlisted special purpose sub-trust set up to undertake the development.

The office tower, called CapitaGreen, will cost S$1.4 billion to develop.

The new building, which sits on the 58,954 square feet site, will also have a change of address to 138 Market Street to mark its new beginning.

When completed, CapitaGreen will have about 700,000 square feet in lettable office space over 34 levels, with around 180 parking lots.

By then, analysts said CapitaGreen will provide the largest office supply around the Central Business District (CBD), once completed at the end of 2014.

Lynette Leong, CEO of CapitaCommercial Trust Management, said: "Our estimate is that by then, market rent should be between S$12 to S$14 per square foot for grade A office space, and given the high specification of this building,
we should be able to attract tenants who are able to afford that kind of rental."

Nicholas Mak, executive director of research and consultancy at SLP International, said: "Any new building that is going to be completed in the next four years will have to be price takers. They can ask for a certain rental, but they will also have to be mindful of what their competitors are charging."

Colin Tan, head of research and consultancy at Chesterton Suntec International, said: "They have started their marketing pretty early, given the completion is only end-2014. I think...right now, the office market is on the verge of turning and we may be in the down cycle. So, I think they may be anticipating this and may be trying to secure best rentals that they can fetch right now."

Helping the effort, CapitaLand is flying the green flag over the project, saying it will be the most environmentally-friendly building in Singapore's CBD.

- CNA/ms

World 2 World · February 7th, 2012, 04:03 PM

looking good

Patrick Highrise · February 7th, 2012, 09:11 PM

I think this one is proposed...last (end) of november that car park was still standing and in use

Mith252 · February 7th, 2012, 11:15 PM

Nope, the car park has been demolished. They are going to start on the construction soon.

Patrick Highrise · February 7th, 2012, 11:26 PM

wow they sure act fast in Singapore!!! Great news!

***Ni3lS*** · February 7th, 2012, 11:35 PM

Construction photos?

Vrooms · February 8th, 2012, 12:34 AM

Source:http://news.insing.com/news/new-offi...rk/id-8d2d3f00

***Ni3lS*** · February 8th, 2012, 12:56 AM

Prep.

dnh310 · February 8th, 2012, 04:59 AM

Lots of green, I like.

HiJazzey · February 11th, 2012, 01:18 PM

They demolished golden shoe? Where will people eat now?

Vrooms · February 11th, 2012, 07:03 PM

nope they demolished market street carpark. But golden shoe might be the next to go......

Vrooms · February 17th, 2012, 03:12 PM

Originally posted by:Mith252 in the Singapore Forum

Quote:

Originally Posted by Mith252

Some pics I took of the site.

http://a3.sphotos.ak.fbcdn.net/hphot...86855857_n.jpg

http://a5.sphotos.ak.fbcdn.net/hphot...01267477_n.jpg

Dr Gonzo · April 25th, 2012, 01:44 AM

more more

Dallas star · April 25th, 2012, 02:26 AM

This building is going to look AMAZING!

glassyflower · April 25th, 2012, 04:26 AM

looking good.i like this

***Chad*** · April 25th, 2012, 05:12 AM

Singapore skyline really need to stop expanding herizontally. I think the proportion is so perfect now and what they need to do is renovating those existing shorters in to some nice decent height towers.

UjaiDidida · April 27th, 2012, 10:46 PM

I think that it looks messy..but still cool

Dr Gonzo · May 14th, 2012, 11:11 AM

llooks like the taller brother of one george street

Mith252 · October 18th, 2012, 03:28 PM

Some pictures I took a few days ago.

Quote:

Originally Posted by Mith252

Some pics I took of the site.

https://fbcdn-sphotos-g-a.akamaihd.n...52089831_n.jpg

https://fbcdn-sphotos-h-a.akamaihd.n...10420628_n.jpg

https://fbcdn-sphotos-c-a.akamaihd.n...46577026_n.jpg

Mith252 · October 30th, 2012, 01:18 AM

I think we can safely say that this project is under construction.

February 7th, 2012, 09:11 PM	#3
Patrick Highrise visit the world Join Date: Sep 2002 Location: Rotterdam Posts: 4,726 Likes (Received): 113	I think this one is proposed...last (end) of november that car park was still standing and in use __________________ Patrick ------------------------------------------------------ 2012: Peru rondreis 2012 2013: Dubai 2013 (januari 2013) / Barcelona maart 2013 (4e (laatste) deel gepost) / Madrid (jun) / ???

February 7th, 2012, 11:15 PM	#4
Mith252 Proud to be Malay-Chinese Join Date: Nov 2009 Location: Singapore Posts: 6,426 Likes (Received): 42	Nope, the car park has been demolished. They are going to start on the construction soon. __________________ MAN CITY FAN SINCE 1999!! Not in great form recently. Will always support them!! Btw, if you can't see the images I posted, I have deleted them.

February 7th, 2012, 11:26 PM	#5
Patrick Highrise visit the world Join Date: Sep 2002 Location: Rotterdam Posts: 4,726 Likes (Received): 113	wow they sure act fast in Singapore!!! Great news! __________________ Patrick ------------------------------------------------------ 2012: Peru rondreis 2012 2013: Dubai 2013 (januari 2013) / Barcelona maart 2013 (4e (laatste) deel gepost) / Madrid (jun) / ???

February 7th, 2012, 11:35 PM	#6
*Ni3lS* Moderator of Mayhem Join Date: Jun 2007 Location: Rotterdam / Vienna / London / Colorado Springs Posts: 14,726 Likes (Received): 239	Construction photos? __________________ Living in Vienna, Austria from 01/09 '13! ROTTERDAM - THE PORT OF EUROPE THE HAGUE - CITY OF JUSTICE LIFE IN LONDON

February 8th, 2012, 12:34 AM	#7
Vrooms threeyearson. Join Date: Mar 2010 Location: Singapore Posts: 9,502 Likes (Received): 970	Source:http://news.insing.com/news/new-offi...rk/id-8d2d3f00 __________________ +25\|and counting

February 7th, 2012, 04:03 PM	#2
World 2 World The World @ My Fingertips Join Date: Nov 2006 Location: Amsterdam Posts: 2,741 Likes (Received): 147	looking good

February 8th, 2012, 12:56 AM	#8
*Ni3lS* Moderator of Mayhem Join Date: Jun 2007 Location: Rotterdam / Vienna / London / Colorado Springs Posts: 14,726 Likes (Received): 239	Prep. __________________ Living in Vienna, Austria from 01/09 '13! ROTTERDAM - THE PORT OF EUROPE THE HAGUE - CITY OF JUSTICE LIFE IN LONDON

February 8th, 2012, 04:59 AM	#9
dnh310 Registered User Join Date: Apr 2010 Location: Catamarca, Argentina. Posts: 13,022 Likes (Received): 5	Lots of green, I like.

February 11th, 2012, 01:18 PM	#10
HiJazzey Come on! Join Date: Jun 2003 Posts: 717 Likes (Received): 2	They demolished golden shoe? Where will people eat now?

February 11th, 2012, 07:03 PM	#11
Vrooms threeyearson. Join Date: Mar 2010 Location: Singapore Posts: 9,502 Likes (Received): 970	nope they demolished market street carpark. But golden shoe might be the next to go...... __________________ +25\|and counting

April 25th, 2012, 01:44 AM	#13
Dr Gonzo Registered User Join Date: Oct 2008 Posts: 379 Likes (Received): 2	more more

April 25th, 2012, 02:26 AM	#14
Dallas star Everything Texas Join Date: Jul 2006 Location: Dallas, Texas Posts: 2,771 Likes (Received): 2	This building is going to look AMAZING! __________________ Check out Dallas! \| *Vote for YOUR* city here!**

April 25th, 2012, 04:26 AM	#15
glassyflower BANNED Join Date: Mar 2012 Posts: 8 Likes (Received): 0	looking good.i like this

April 25th, 2012, 05:12 AM	#16
*Chad* Kickimus Gluteus Maximus Join Date: Oct 2002 Location: Bangkok Posts: 36,257 Likes (Received): 292	Singapore skyline really need to stop expanding herizontally. I think the proportion is so perfect now and what they need to do is renovating those existing shorters in to some nice decent height towers. __________________ You have the right to remain silent, everything you say will be misquoted and used against you in the forum -Imate pravo da ?utite, sve što budete rekli može i bi?e upotrebljeno protiv vas na forumu You know you love me. XOXO.

April 27th, 2012, 10:46 PM	#17
UjaiDidida Authorized User Join Date: Dec 2009 Location: Bdr. Baru Bangi, Kuala Lumpur Posts: 3,715 Likes (Received): 176	I think that it looks messy..but still cool __________________ KUALA SIPUT \| Virtual City Model Construction My 3D Works \| @UjaiDidida

May 14th, 2012, 11:11 AM	#18
Dr Gonzo Registered User Join Date: Oct 2008 Posts: 379 Likes (Received): 2	llooks like the taller brother of one george street

October 30th, 2012, 01:18 AM	#20
Mith252 Proud to be Malay-Chinese Join Date: Nov 2009 Location: Singapore Posts: 6,426 Likes (Received): 42	I think we can safely say that this project is under construction. __________________ MAN CITY FAN SINCE 1999!! Not in great form recently. Will always support them!! Btw, if you can't see the images I posted, I have deleted them.

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