daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > World Development News Forums > General Urban Developments > DN Archives



Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old June 27th, 2011, 02:23 PM   #21
sc4
Registered User
 
sc4's Avatar
 
Join Date: Apr 2006
Location: KL,Malaysia
Posts: 1,653
Likes (Received): 88

Yup, it does look fairly new and it's going to be torn down? Such a waste really..
sc4 no está en línea   Reply With Quote

Sponsored Links
Old June 27th, 2011, 02:37 PM   #22
Mith252
Proud to be Malay-Chinese
 
Mith252's Avatar
 
Join Date: Nov 2009
Location: Singapore
Posts: 17,503
Likes (Received): 3279

Well, the developer of have decided to use the area and build an Office Building. They have been wanting to do that for quite some time but had to shelve the plans due to the 2008 financial crisis.
__________________
MAN CITY FAN SINCE 1999!!
KEVIN DE BRUYNE WILL SHOW THE WAY...
Mith252 no está en línea   Reply With Quote
Old July 13th, 2011, 03:31 PM   #23
Mith252
Proud to be Malay-Chinese
 
Mith252's Avatar
 
Join Date: Nov 2009
Location: Singapore
Posts: 17,503
Likes (Received): 3279

I took some pics of the building. The shops have all gone. They have slowly start to do the barrier.


2011-07-13-01 by w3015r, on Flickr


2011-07-13-02 by w3015r, on Flickr


2011-07-13-03 by w3015r, on Flickr


2011-07-13-04 by w3015r, on Flickr


2011-07-13-05 by w3015r, on Flickr
__________________
MAN CITY FAN SINCE 1999!!
KEVIN DE BRUYNE WILL SHOW THE WAY...
Mith252 no está en línea   Reply With Quote
Old July 13th, 2011, 05:15 PM   #24
redstone
Lurker
 
redstone's Avatar
 
Join Date: Nov 2003
Location: Singapore
Posts: 14,056
Likes (Received): 52

Kind of wasted. It's newly reclad and most shops look so new
redstone no está en línea   Reply With Quote
Old July 13th, 2011, 05:40 PM   #25
Skyscraperer
Scraping Skies
 
Skyscraperer's Avatar
 
Join Date: Dec 2009
Location: Orchard, Singapore
Posts: 115
Likes (Received): 1

I like all this urban renewal happening here, we are getting rid of many ugly buildings!
__________________
The end
Skyscraperer no está en línea   Reply With Quote
Old July 13th, 2011, 06:13 PM   #26
RafflesCity
By Spirit
 
RafflesCity's Avatar
 
Join Date: Sep 2002
Location: S I N G A P O R E
Posts: 25,909
Likes (Received): 105

Actually I thought they did a good job when they gave the carpark a makeover..it no longer looked like a concrete eyesore. Still having a 245m tower at this prominent location would be very eyecatching
RafflesCity no está en línea   Reply With Quote
Old July 13th, 2011, 06:15 PM   #27
redstone
Lurker
 
redstone's Avatar
 
Join Date: Nov 2003
Location: Singapore
Posts: 14,056
Likes (Received): 52

Are there currently 700 extra lots available elsewhere?
redstone no está en línea   Reply With Quote
Old July 14th, 2011, 05:32 AM   #28
SingaporeCity
BANNED
 
Join Date: Aug 2009
Location: Tropical Island
Posts: 856
Likes (Received): 15

Japan's Mitsubishi Estate takes stake in S'pore office project

http://www.reuters.com/article/2011/...7IE01R20110714



SINGAPORE, July 14 | Wed Jul 13, 2011 8:35pm EDT

SINGAPORE, July 14 (Reuters) - Japan's Mitsubishi Estate will take a 10 percent stake in a Singapore office tower being built by Southeast Asia's biggest developer CapitaLand and CapitaCommercial Trust (CCT) , the Singapore property trust said on Thursday.

The redevelopment of the Market Street Car Park complex in Singapore's central business district into an office tower is expected to cost about S$1.4 billion ($1.15 billion), CCT said in a statement.

CapitaLand and CCT, which had previously announced plans to redevelop the carpark, will have a 50 percent and 40 percent stake, respectively, in the project.

MSO Trust, a special purpose vehicle set up to undertake the development of Market Street Car Park complex, will acquire the asset from CCT for S$56 million, CCT said. ($1 = 1.218 Singapore Dollars) (Reporting by Kevin Lim)


CapitaLand, Mitsubishi Estate to Develop USD$1.15 Billion Tower

http://www.businessweek.com/news/201...ion-tower.html

By Kathleen Chu

(Updates with comments from CapitaCommercial’s CEO in fourth paragraph.)

July 14 (Bloomberg) -- CapitaLand Ltd. and Mitsubishi Estate Co. said they will tie up in a S$1.4 billion ($1.15 billion) venture to redevelop a downtown Singapore parking lot structure into a 40-story office building.

CapitaLand, Southeast Asia’s biggest developer, its property trust CapitaCommercial Trust, and Mitsubishi Estate, Japan’s second-largest developer, will turn the Market Street Car Park into an 887,000-square-foot office tower, they said. CapitaLand will hold a 50 percent stake, the trust will own 40 percent and Mitsubishi Estate will have 10 percent, they said.

The 245-meter (804-foot) building will match the height of new office towers including One Raffles Quay and Marina Bay Financial Centre, according to the website of Council on Tall Buildings and Urban Habitat. The new property is expected to generate a 6 percent annual return when it’s completed by the end of 2014, they said in a statement to the Singapore exchange.

“Investing in the Market Street office development is aligned with our strategy to strengthen our pipeline of commercial properties in Singapore and to lend support to our sponsored commercial REIT, CapitaCommercial Trust,” said Chong Lit Cheong, chief executive officer of CapitaLand’s commercial property unit.

Exceeding Limits

The parking lot is now owned by CapitaCommercial and will be sold to the joint venture for S$56 million, 15 percent higher than its valuation in December, according to the statement. CapitaCommercial needed the partners because the project exceeded 10 percent of its total asset size, a limit set by Singapore for new developments by real estate investment trusts.

The building would be among five properties in Singapore with that height, according to Council on Tall Buildings. The three tallest in the city stand at 280 meters, CapitaLand’s headquarters Capital Tower is 254 meters in height, followed by the Altez apartment block at 250 meters.

CapitaLand dropped 0.3 percent to S$2.94 at 9:25 a.m. in Singapore, and CapitaCommercial lost 0.3 percent at S$1.46. Mitsubishi Estate fell 0.2 percent to 1,454 yen in Tokyo.

--With assistance from Sean Collins in Singapore. Editors: Linus Chua, Tomoko Yamazaki

To contact the reporter on this story: Kathleen Chu in Tokyo at [email protected]

To contact the editor responsible for this story: Linus Chua in Singapore at [email protected]
SingaporeCity no está en línea   Reply With Quote
Old July 19th, 2011, 11:28 AM   #29
Mith252
Proud to be Malay-Chinese
 
Mith252's Avatar
 
Join Date: Nov 2009
Location: Singapore
Posts: 17,503
Likes (Received): 3279

Here are some pics I took of the site. Some barriers have been placed.


2011-07-19-01 by w3015r, on Flickr


2011-07-19-02 by w3015r, on Flickr


2011-07-19-03 by w3015r, on Flickr
__________________
MAN CITY FAN SINCE 1999!!
KEVIN DE BRUYNE WILL SHOW THE WAY...
Mith252 no está en línea   Reply With Quote
Old July 26th, 2011, 09:21 AM   #30
Mith252
Proud to be Malay-Chinese
 
Mith252's Avatar
 
Join Date: Nov 2009
Location: Singapore
Posts: 17,503
Likes (Received): 3279

Here are some pics I took of the site. They have started to remove the panels of the carpark.


2011-07-26-01 by w3015r, on Flickr


2011-07-26-02 by w3015r, on Flickr
__________________
MAN CITY FAN SINCE 1999!!
KEVIN DE BRUYNE WILL SHOW THE WAY...
Mith252 no está en línea   Reply With Quote
Old July 26th, 2011, 01:55 PM   #31
Vrooms
threeyearson.
 
Vrooms's Avatar
 
Join Date: Mar 2010
Location: Singapore
Posts: 9,676
Likes (Received): 1638

Its really sad to see it go.............but i am also pretty excited to see the new building
__________________
🔥🚀
Vrooms no está en línea   Reply With Quote
Old July 27th, 2011, 10:50 AM   #32
ChengduHero
Mr.
 
Join Date: Aug 2004
Location: HK
Posts: 12
Likes (Received): 0

Some notes of this building....

Total Height: 245m
Structure Height: around 210m

There will be a big lotus shape concrete strucure on top of the roof garden.
ChengduHero no está en línea   Reply With Quote
Old July 27th, 2011, 11:59 AM   #33
Mith252
Proud to be Malay-Chinese
 
Mith252's Avatar
 
Join Date: Nov 2009
Location: Singapore
Posts: 17,503
Likes (Received): 3279

All right, thanks for the info.
__________________
MAN CITY FAN SINCE 1999!!
KEVIN DE BRUYNE WILL SHOW THE WAY...
Mith252 no está en línea   Reply With Quote
Old July 27th, 2011, 01:54 PM   #34
Vrooms
threeyearson.
 
Vrooms's Avatar
 
Join Date: Mar 2010
Location: Singapore
Posts: 9,676
Likes (Received): 1638

Quote:
Originally Posted by ChengduHero View Post
Some notes of this building....

Total Height: 245m
Structure Height: around 210m

There will be a big lotus shape concrete strucure on top of the roof garden.
Do you know whos the architect???
__________________
🔥🚀
Vrooms no está en línea   Reply With Quote
Old July 28th, 2011, 09:33 AM   #35
ChengduHero
Mr.
 
Join Date: Aug 2004
Location: HK
Posts: 12
Likes (Received): 0

Quote:
Originally Posted by Vrooms View Post
Do you know whos the architect???
Toyo Ito, from Japan......
ChengduHero no está en línea   Reply With Quote
Old August 2nd, 2011, 09:10 AM   #36
Mith252
Proud to be Malay-Chinese
 
Mith252's Avatar
 
Join Date: Nov 2009
Location: Singapore
Posts: 17,503
Likes (Received): 3279

Some pictures I took today.


2011-08-02-01 by w3015r, on Flickr


2011-08-02-02 by w3015r, on Flickr


2011-08-02-03 by w3015r, on Flickr
__________________
MAN CITY FAN SINCE 1999!!
KEVIN DE BRUYNE WILL SHOW THE WAY...
Mith252 no está en línea   Reply With Quote
Old August 2nd, 2011, 11:34 AM   #37
Vrooms
threeyearson.
 
Vrooms's Avatar
 
Join Date: Mar 2010
Location: Singapore
Posts: 9,676
Likes (Received): 1638

The carpark is still open right??
__________________
🔥🚀
Vrooms no está en línea   Reply With Quote
Old February 7th, 2012, 04:19 PM   #38
Vrooms
threeyearson.
 
Vrooms's Avatar
 
Join Date: Mar 2010
Location: Singapore
Posts: 9,676
Likes (Received): 1638

SINGAPORE | CapitaGreen | 242m | 46 fl | Com

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
__________________
🔥🚀

Highcliff, TowerVerre:) liked this post
Vrooms no está en línea   Reply With Quote
Old February 7th, 2012, 05:03 PM   #39
World 2 World
The World @ My Fingertips
 
World 2 World's Avatar
 
Join Date: Nov 2006
Location: Amsterdam
Posts: 5,629
Likes (Received): 4308

looking good
World 2 World no está en línea   Reply With Quote
Old February 7th, 2012, 10:11 PM   #40
Patrick Highrise
visit the world
 
Patrick Highrise's Avatar
 
Join Date: Sep 2002
Location: Rotterdam
Posts: 6,679
Likes (Received): 2918

I think this one is proposed...last (end) of november that car park was still standing and in use
__________________
Patrick
------------------------------------------------------
2016: Riga mei 2016 / Lissabon juni 2016 / Praag september 2016 / Costa Rica
2017: Patagonië / Patagonia / Stockholm - India Ladakh (sept) - wandeldagen in de bergen van Ladakh - Boedapest (okt)
2018: Liverpool (mrt) - Wenen (mei) - Tanzania-Kilimanjaro (juni)
Patrick Highrise no está en línea   Reply With Quote


Reply

Tags
marina bay, singapore

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity


All times are GMT +2. The time now is 01:47 AM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu