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Old October 3rd, 2005, 05:44 PM   #41
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New Marina Bay developments to include landscaped open spaces

3 Oct 05



By Margaret Perry, Channel NewsAsia


SINGAPORE : New developments in the Marina Bay area will have to include landscaped open spaces.

Speaking to delegates at an international conference on waterfront development, National Development Minister Mah Bow Tan said this was to complement Singapore's Garden City image.

When the F1 powerboats roared into Marina Bay last month, they stirred up the water and the crowd.

Mr Mah said the bay area needed more such events to create a sense of place and attract people as well as well-designed buildings and landscaped open spaces.

He said: "Green spaces need not be at the ground level only but can also be designed vertically within buildings. We will be studying guidelines to require new buildings in the Central and Bayfront areas at Marina Bay to develop landscaped open spaces in their developments."

Attractive waterfronts are a hit with tourists, which is why many countries are developing these areas.

For many cities, this involves revitalising old or former industrial neighbourhoods but that's not the case in Singapore.

The reclaimed Marina Bay is providing a blank canvas to planners to develop as a place to live, work and play.

Richard Rosan, President, Urban Land Institute, said: "Certainly older waterfronts in other countries cannot do all three, maybe they can do one or two but here you could do all of them and you could do it in a very nice way."

Work on Marina Bay has begun but it will be five years before the city's waterfront gets its new skyline.
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Old October 25th, 2005, 12:50 PM   #42
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First phase of Marina Bay's business site to occupy 224,000 sqm

25 Oct 05



SINGAPORE : The first phase of the Business and Financial Centre, or BFC, will have a gross floor area of 244,000 square metres, more than double the area stipulated in the tender conditions.

This was announced on Tuesday at the signing of the building agreement.

The BFC will be developed by a consortium comprising Keppel Land, Cheung Kong and Hong Kong Land.

About three quarters of the development under phase one will be dedicated to office use.

The remaining is earmarked mainly for residential development.

The consortium comprising Keppel Land, Cheung Kong and Hong Kong Land has big plans for the new Business and Financial Centre.

It is earmarking 244,000 square metres of space for the first phase, more than double the minimum requirement of 100,000 square metres.

About three quarters will be dedicated to office use.

Keppel Land says it reflects their bullish outlook of the office sector.

Said Kevin Wong, managing director of Keppel Land, "We look at the market and we assess the demand and we feel with the amount of offices we intend to build, it would put us in a very good position to satisfy the anticipated demand for, especially, the offices. And of course we will be doing some residential also."

The remaining space under phase one will be developed for residential use, with a small area set aside for retail.

About a quarter of the first phase, or 55,000 square metres, will be set aside for residential development.

Analysts say the success of the The Sail @ Marina project will likely have a spillover effect on this upcoming development, expected for launch in the middle of next year.

Some commercial space will be ready around the time of the expected completion of the integrated resort at Marina Bay.

Said Mr Wong, "We should be starting construction sometime next year. If your next question is when it will be completed, we should be able to complete the first building by 2009 or 2010."

The consortium has taken up an eight-year option to purchase and develop the remaining 194,000 square metres of space in the BFC. - CNA /ct
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Old October 25th, 2005, 04:09 PM   #43
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WOW! Awesome!
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Old October 25th, 2005, 04:56 PM   #44
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so, as mentioned as first phase?, How many buildings there will be?
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Old October 25th, 2005, 05:15 PM   #45
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Yes it will be the first phase to be developed. No idea how many buildings as I dont have any confirmed renderings or more info.

All I can manage is this 'concept drawing', supposedly by KPF as revealed by local papers:



I expect more news within the next few months on this project though
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Old October 25th, 2005, 05:17 PM   #46
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AHHHHHHHHHHHHHHHHHHHHH !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

SHIT !!!!
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Old October 25th, 2005, 05:18 PM   #47
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haha

that was my initial impression too...but this design isnt confirmed yet...so lets wait!
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Old October 25th, 2005, 05:23 PM   #48
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Quote:
Originally Posted by RafflesCity
Yes it will be the first phase to be developed. No idea how many buildings as I dont have any confirmed renderings or more info.

All I can manage is this 'concept drawing', supposedly by KPF as revealed by local papers:



I expect more news within the next few months on this project though
i notice the pattern is green Glasses and all glassy skyscraper
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Old October 25th, 2005, 05:50 PM   #49
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Can't wait!!!!!

BFC
Sail
Integrated Resort
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Old October 26th, 2005, 01:05 PM   #50
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the pics are really nice & the projects that Singapore plan

I'm proud to be half Singaporean :-)
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Old October 27th, 2005, 01:26 AM   #51
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This story was printed from TODAYonline

Singapore's BFC project attracts Arab money

Thursday • October 27, 2005

ONE day after the consortium that won the bid for the Business and Financial Centre (BFC) increased the size of its development for the first phase of the project, an Arab investment bank has come knocking.

Bahrain-based Gulf Finance House has begun talks to join the consortium developing the $1.8 billion Marina Bay BFC, said its chief operating officer Peter Panayiotou yesterday.

Mr Panayiotou told Dow Jones Newswires that the group was keen to invest in the project.

In addition, the investment bank may apply for an Islamic banking licence in Singapore and it has discussed this possibility with the Monetary Authority of Singapore, he said.

"We would be interested in joining that consortium with a view to buying the whole development later on. At this stage, we are conducting negotiations," he said.

Mr Panayiotou said his company had held initial talks with Keppel Land, a member of the consortium that also includes Cheung Kong Holdings and Hongkong Land Holdings.

On Tuesday, the consortium said it would develop a larger-than-expected 244,000 square metres of space in Phase One of the BFC project, a move that signalled growing confidence in Singapore's property market.

The BFC, slated for completion in around 18 years, will have a total gross floor area of 438,000 square metres, equivalent to about 20 per cent of the available office space in Singapore's central business district.

The first commercial buildings is due for completion around 2009 or 2010. The consortium may use up to 40 per cent of the available space for hotels, malls and residential developments.

Gulf Finance House — which manages US$3 billion ($5.1 billion) in assets — launched the Bahrain Financial Harbour in 2002, a US$1.3 billion project to lure financial services institutions away from Dubai and Qatar.

Gulf Finance's interest in Singapore also underscores how Middle Eastern investors, boosted by windfall petrodollars from higher oil prices, are eyeing South-east Asian infrastructure projects.

In its latest annual report, the Bahrain investment bank noted a trend among Arab investors to diversify away from United States assets.

"The reality today is the Middle East is very liquid — the level of liquidity will surprise many," said Mr Panayiotou.

However, there is a limit to how much investment the region's economies can absorb, therefore interest has grown in other markets.

"There is great appetite to find alternative channels of investment. The Arabs are traditionally interested in hard assets like infrastructure. That is something that they like, they understand and want to invest in," Mr Panayiotou said. — Agencies

Copyright MediaCorp Press Ltd. All rights reserved.
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Old December 24th, 2005, 03:45 PM   #52
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Oct 26, 2005
Size of new Marina Bay business complex to be increased
Developers' decision reflects upbeat outlook on prime office space

By Fiona Chan

SINGAPORE'S new Business and Financial Centre (BFC) at Marina Bay got a major vote of confidence yesterday when the developing consortium announced that its $1 billion centrepiece office and residential complex would be much bigger than expected.

Reflecting an upbeat outlook for the high-end office market, the consortium will construct a 244,000 sq m complex for phase one - about 2.5 times the minimum development size of 100,000 sq m required by the Urban Redevelopment Authority (URA).

Hongkong Land, one of the consortium's three developers, had previously said the first phase of development on the 99-year leasehold plot would cover about 158,000 sq m, 50 per cent more than the URA's minimum requirement.

But the consortium, which also includes Keppel Land and Cheung Kong Holdings, is now confident Singapore's property market, especially the office sector, will welcome a bigger development.

It said yesterday that about 180,000 sq m of the Marina Bay development will be devoted to offices in a bid to take advantage of rising demand for top-end commercial space.

This is more than 70 per cent of the development's total gross floor area (GFA), higher than the minimum 60 per cent office space guideline laid down by the URA.

Although the entire BFC site is slightly smaller than the 490,000 sq m Suntec City, the new development will offer more office space. Suntec City currently has about 113,850 sq m of offices and 77,631 sq m of retail space.

About 22 per cent of the BFC complex, or 55,000 sq m, will be taken up by residential units, with the remaining 9,000 sq m going to retail use.


'We looked at the market and assessed the demand and we feel that the amount of offices we intend to build would put us in a very good position to satisfy the anticipated demand, especially for offices,' Keppel Land's managing director, Mr Kevin Wong, said yesterday.

He said construction of the project would begin next year along with the launch of the first residential units, while the first buildings would be completed in 2009 or 2010.

He was speaking to reporters after signing the building agreement with URA to purchase the first phase of the BFC, which makes up more than half the total GFA of the 438,000 sq m BFC site.

The first phase of 244,000 sq m will cost the consortium - which is also developing the neighbouring One Raffles Quay - slightly more than $1 billion, based on the winning bid of $4,101 per sq m.

'We're very pleased with the performance of One Raffles Quay and that's partly why we've expanded phase one of the BFC,' said Mr Ian Hawksworth, executive director of Hongkong Land.

'The office market is particularly strong at the moment and the average rentals are continuing upwards.'

One Raffles Quay, which will offer about 122,000 sq m of prime office space upon completion next year, has already leased out more than half its floor space.

Market-watchers told The Straits Times yesterday that they were 'unsurprised' by the consortium's decision to enlarge the development.

'We're inclined to think there will be considerable pent-up demand for quality office space such as will be brought on line at the BFC,' said Mr Moray Armstrong, executive director of property consultancy CB Richard Ellis.

'There's quite a shortfall of new office construction over the four-year horizon, and this market will require the volume of space the consortium has committed to bring on.'

The larger development also indicates the consortium's confidence in the up-and-coming Marina Bay area and is 'a vote of confidence for Singapore', said Minister for National Development Mah Bow Tan, who was guest of honour at the signing ceremony.

[email protected]

Creating a buzz

Keppel Land, Hongkong Land and Cheung Kong Holdings each hold an equal stake in the consortium that won the tender for the Business and Financial Centre (BFC) site on July 14.

The BFC consortium is required only to develop 100,000 sq m of the project by 2013, but it can take up to 18 years to complete the rest of the development.

The consortium also purchased the option to buy and develop the remaining 194,000 sq m of the BFC site within the next eight years.

Other developments taking shape in the new Marina Bayfront area include One Raffles Quay and The Sail @ Marina Bay condominium, which are expected to be completed by next year and 2009 respectively.

Copyright © 2005 Singapore Press Holdings. All rights reserved.
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Old January 21st, 2006, 06:16 AM   #53
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Flower power to spice up Marina Bay

21 Jan 06

Govt launches int'l design competition for proposed Gardens by the Bay



THE government's vision of Singapore as the world's premier tropical garden city looks to be in full bloom with the launch of the Gardens by the Bay international design competition yesterday.

Organised by the National Parks Board and sponsored by the government, it aims to attract top local and international landscaping architects and planners to create three unique and world-class gardens in the Marina Bay area. The gardens will be situated by the waterfront on prime reclaimed land.

The competition will be divided into two phases. The first phase, the masterplan competition, will start this month and end in September. This stage will invite companies to submit designs and ideas for the three gardens and several adjacent areas. The details of the second phase, the design competition, will be announced later.

Boasting a combined land area of 94 hectares, almost twice the size of the Botanic Gardens' 52 hectares, the Gardens by the Bay will feature the world's first cooled conservatory for public display in the Tropics, said Tan Wee Kiat, chief executive officer of the National Parks Board.

The three gardens - Garden at Marina South, Garden at Marina East and Garden at Marina Centre - will be connected by waterways. Each garden will have its own distinctive look and feel. Visitors can expect a different experience depending on whether they visit during the day or night, said Dr Tan.

Speaking at the launch yesterday, Mah Bow Tan, Minister for National Development, said: 'The Garden at Marina South is envisaged to showcase tropical blooms and foliage colour at their best. At its heart will be a conservatory that features flowering plants from cooler climates.'

Dr Tan added: 'Gardens by the Bay is dedicated to Singaporeans as their own space where they can participate in meaningful and memorable activities.'

When Minister Mentor Lee Kuan Yew, then Prime Minister, launched the First Tree Planting Day back in 1963, the seeds of transforming Singapore into a garden city were sown.

Moving on from creating a garden city to a 'city in the garden', the National Parks Board's ultimate goal is to create a garden that will rival other world-renowned parks such as New York's Central Park and London's Kew Gardens.

The present Botanic Gardens will concentrate on education, research and conservation, while the new gardens focus on horticultural recreation. And in conjunction with the ongoing process of transforming Singapore into a vibrant global city, the inaugural Singapore Garden Festival will be held in December.

'Singapore's location just over one degree north of the Equator imbues it with a rich diversity of flora and fauna. At the crossroads of East and West, it is a rich blend of many cultures and an international centre of commerce. These geographical, ecological, historical, and cultural ingredients, located within a developed infrastructure, offer unparalleled possibilities for a new horticultural icon at the Gardens by the Bay,' Mr Mah said.

The Gardens by the Bay are expected to be open to the public by 2009 or 2010.


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Old January 21st, 2006, 07:26 AM   #54
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About the height limit restriction in Singapore... It's not being caused by Changi, it's some other airport that I'm unfamiliar with. Here's a pic off Google Earth:



You can see Changi off to the far right, downtown in the lower left corner, and in the middle is the mystery airport prohibiting tall skyscrapers! Anyone have a name for this airport, and why it continues to exist?
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Old January 21st, 2006, 07:29 AM   #55
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Looks interesting.
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Old January 21st, 2006, 10:32 AM   #56
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Quote:
Originally Posted by Kai Tak
About the height limit restriction in Singapore... It's not being caused by Changi, it's some other airport that I'm unfamiliar with. Here's a pic off Google Earth:



You can see Changi off to the far right, downtown in the lower left corner, and in the middle is the mystery airport prohibiting tall skyscrapers! Anyone have a name for this airport, and why it continues to exist?
Its the Paya Lebar Airbase. Its for the country's defence.
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Old January 21st, 2006, 02:11 PM   #57
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Paya Lebar Airbase was the former international airport that was in existence until 1981. As can be seen, the runway is long enough for jumbo jets (comparable to Changi).
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Old January 21st, 2006, 02:33 PM   #58
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go go goo.. singapore
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Old January 21st, 2006, 11:28 PM   #59
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Quote:
Originally Posted by RafflesCity
Paya Lebar Airbase was the former international airport that was in existence until 1981. As can be seen, the runway is long enough for jumbo jets (comparable to Changi).
Ahhh okay then.

There's a runway built on reclaimed land even farther to the right than Changi, I was under the impression that was an airbase too. How about closing down Paya Lebar and moving things here?

That sucks Singapore has a height restriction when they could easily close that place down.
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Old January 22nd, 2006, 12:43 PM   #60
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Quote:
Originally Posted by Kai Tak
Ahhh okay then.

There's a runway built on reclaimed land even farther to the right than Changi, I was under the impression that was an airbase too. How about closing down Paya Lebar and moving things here?

That sucks Singapore has a height restriction when they could easily close that place down.
Yes that is a new airbase at Changi...it also provides expansion for Changi Airport in future if necessary.

but I dont know if Paya Lebar airbase will be closed though

anyway here's some interesting info....

after seeing what's planned to be built on top of the ground, theres a lot of stuff being planned underground too....
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