One-North Developments

[Charging Bull]

$100m Biopolis Phase III starts taking shape
The 41,500 sqm complex will be ready by Q4 2009


By EMILYN YAP

CONSTRUCTION of the $100 million Biopolis Phase III project began yesterday, and its developer hopes to achieve a take-up rate of at least 50 per cent by the middle of June. Said Patrick Teo, CEO of Crescendas Bionix, at the groundbreaking ceremony: 'We are optimistic that the response from the biomedical industry will be positive.'


A member of the Crescendas Group which bagged the development project, Bionix is already in talks with prospective tenants. Some of them require large space and may occupy entire floors.

On the positive outlook, assistant CEO of JTC Corporation Philip Su said: 'With Biopolis Phases I and II fully taken up, the launch of Phase III is both timely and necessary in meeting the increasing demand for biomedical R&D space.' JTC Corp is the master developer for one-north, the focal point for research and technopreneurial activities.

Scheduled for completion by 4Q 2009, Biopolis Phase III will add another 41,500 sq m to the research park. The complex will consist of two buildings, and will house private and public research institutes, incubator research activities, medical technology research centres and clinical research centres.

Crescendas Bionix hopes to achieve a take-up rate of at least 50 per cent by the middle of June, said Mr Teo.

The growth of the biomedical sciences industry is likely to place greater demand on space, and JTC Corp plans to expand the Biopolis cluster further. In fact, BT understands that it may launch Phase IV at the end of this year to yield another 30,000 sq m. Asked if Crescendas will also bid for the Phase IV project, Mr Teo said that 'as a developer, we will be interested'.

Rental rates for the Biopolis Phase III complex have not been finalised, but according to Mr Teo, they will be market-driven, and will factor in construction costs.

'Construction costs have gone up by 30 per cent from a year ago,' he said. For larger tenants, Crescendas is prepared to offer more attractive rental rates.

Crescendas is the first privately owned Singapore company to clinch a major development project on Biopolis

[kurakura]

do they even have enough tenants to fill those hubs?

fusionpolis itself is so blardy huge!!

[RafflesCity]

EDB will be occupying the new building and I think a Swiss drug firm....has anyone seen the rendering of Phase 3 of Biopolis?

Soilbuild clinches Fusionopolis contract

10 Apr 08

MAINBOARD-LISTED Soilbuild Group Holdings yesterday said it has clinched the Concept-and-Fixed Price Tender (CPT), called by JTC Corporation, to develop and lease Fusionopolis Phase 2B.


The proposed development, estimated to cost about $148 million, is a 16-storey multi-tenanted facility at one-north in the Buona Vista area.

It will cater to the infocommunications, media, science and engineering research and development industries. This is Soilbuild's fifth CPT contract with JTC.

Fusionopolis Phase 2B sits on a 7,734 square metre site with a plot ratio of 6.5, which translates into a maximum gross floor area of 50,271 sq m.

It will comprise an office space white component of about 7,200 sq m and a retail space of 300 sq m. The development is expected to take 22 months to complete, with the target date set for the second half of 2009.

Soilbuild's winning design for Fusionopolis Phase 2B is by world-renowned architect Ken Yeang, who impressed JTC with his green and sustainable building concept.

Low Soon Sim, Soilbuild's executive director, said the group was confident that Fusionopolis Phase 2B would attract strong interest.

He said the award of the project tied in with the group's overall strategy to grow its recurrent income stream through its business space segment.

'The shorter development cycle also complements the two-to- three-year investment-to- sales cycle for our core residential property segment,' he said.

'With the full year contribution in 2008 from our current three completed investment properties, we are on course to meet our medium-term target of $10 million in annual recurrent income since we began our expansion into the business space segment in 2005.'

In all, Soilbuild has about two million square feet of business space in the pipeline.

[kurakura]

dun think it's out yet

[Icez]

Originally Posted by redstone

The entire place now seems very random and unconnected. From Biopolis to Fusionopolis you have to walk one big round

Have u tried walking around there? v nearby only (very short walk) across some nice greenery from biopolis to fusionpolis...

[RafflesCity]

The whole area has been Masterplanned. I believe there will be a curved park linking Biopolis to Fusionopolis. Of course, the entire area isnt fully developed yet.

[Icez]

Originally Posted by RafflesCity

EDB will be occupying the new building and I think a Swiss drug firm....has anyone seen the rendering of Phase 3 of Biopolis?

Soilbuild clinches Fusionopolis contract

10 Apr 08

MAINBOARD-LISTED Soilbuild Group Holdings yesterday said it has clinched the Concept-and-Fixed Price Tender (CPT), called by JTC Corporation, to develop and lease Fusionopolis Phase 2B.


The proposed development, estimated to cost about $148 million, is a 16-storey multi-tenanted facility at one-north in the Buona Vista area.

It will cater to the infocommunications, media, science and engineering research and development industries. This is Soilbuild's fifth CPT contract with JTC.

Fusionopolis Phase 2B sits on a 7,734 square metre site with a plot ratio of 6.5, which translates into a maximum gross floor area of 50,271 sq m.

It will comprise an office space white component of about 7,200 sq m and a retail space of 300 sq m. The development is expected to take 22 months to complete, with the target date set for the second half of 2009.

Soilbuild's winning design for Fusionopolis Phase 2B is by world-renowned architect Ken Yeang, who impressed JTC with his green and sustainable building concept.

Low Soon Sim, Soilbuild's executive director, said the group was confident that Fusionopolis Phase 2B would attract strong interest.

He said the award of the project tied in with the group's overall strategy to grow its recurrent income stream through its business space segment.

'The shorter development cycle also complements the two-to- three-year investment-to- sales cycle for our core residential property segment,' he said.

'With the full year contribution in 2008 from our current three completed investment properties, we are on course to meet our medium-term target of $10 million in annual recurrent income since we began our expansion into the business space segment in 2005.'

In all, Soilbuild has about two million square feet of business space in the pipeline.

cool. Is this the plot of land diagonally opposite fusionpolis building now? It's gonna be very happening here...

[evangelistik]

updates?

[Andrew]

My goodness, this is the most futuristic church building I've ever seen (though I know it'll be more than just a Church, it'll be interesting to see whether it'll be identifyable as a church from the outside)!


Are there any more detailed renders of this?

[kurakura]

i dun think the project has broken ground yet.

[redstone]

Hmm. personally I feel the building's form is way too massive and messy. Looks kind of out of proportion too from the renders.

There are 4 black and white bungalows currently on the site

[Andrew]

Originally Posted by redstone

Hmm. personally I feel the building's form is way too massive and messy. Looks kind of out of proportion too from the renders.

There are 4 black and white bungalows currently on the site

I quite like the design, it'll be nice to have something that really stands out next to the MRT station. I didn't realise there were some black and white bungalows on site though, I don't ever remember seeing them from the station. It'd be a shame to lose them, especially if they're good examples of their type. Got any pics of them?

[RafflesCity]

There are quite a number of black and whites there...I think at least 20...the area is called Rochester Park. The black and whites will also be incorporated into the one north masterplan, however some might be sacrificed.

[keil]

a question. does artist impression mean the actual rendering?
i feel that this looks super great!
we need more of this irregular shape buildings!

[keil]

i did a search and found more renderings..looking pretty good and different at various perspective!

http://www.newcreation.org.sg/one-no...ent/index.html
Source: New Creation Church

[ddes]

Its great.

But I only have 2 worries.

1) Is it going to look nice with Buona Vista MRT station, which has that greenish industrial design?

2) Is it going to turn Holland Village into a ghost town considering that this place will have the same things as Holland V and much more?

[RafflesCity]

Originally Posted by ddes

2) Is it going to turn Holland Village into a ghost town considering that this place will have the same things as Holland V and much more?

I think Holland Village can hold its own in terms of pubs and eateries and a generally more laid back feel. The one north 'lifestyle and entertainment' options has yet to prove itself.

[RafflesCity]

Originally Posted by keil

i did a search and found more renderings..looking pretty good and different at various perspective!

http://www.newcreation.org.sg/one-no...ent/index.html
Source: New Creation Church

Looks really good!

[Andrew]

Originally Posted by RafflesCity

Looks really good!

You go to New Creation don't you RafflesCity? Do they make announcements about the status of the building project?

[RafflesCity]

I've never been there actually, but have listened to some of their services on CD and online. Yes, they are looking forward to it from what I hear