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 March 6th, 2009, 04:32 PM   #241
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


RafflesCity no está en línea   Reply With Quote

Sponsored Links
Old March 7th, 2009, 08:18 PM   #242
Funfy
Registered User
 
Funfy's Avatar
 
Join Date: Sep 2008
Posts: 460
Likes (Received): 108

[IMG]http://i42.************/2llhimq.jpg[/IMG]

[IMG]http://i44.************/t526nn.jpg[/IMG]

[IMG]http://i39.************/29mrw9f.jpg[/IMG]
Funfy no está en línea   Reply With Quote
Old March 8th, 2009, 04:15 AM   #243
Gid
Registered User
 
Gid's Avatar
 
Join Date: Mar 2005
Location: Singapore
Posts: 272
Likes (Received): 1

Just realised that the project budget is now US$5.4 billion!

The original US$3.1 billion budget announced in 2007 already made it the world's most expensive casino development. The previous record-holder is US$2.7 billion LV Wynns.

Quote:
Originally Posted by RafflesCity View Post
Marina Bay Sands to be 15% bigger

5 Mar 09

Size increase, due to redesign, partly accounts for higher budget of US$5.4b

(SINGAPORE) Marina Bay Sands, which is targeted to open around the end of the year, will be 15 per cent bigger in terms of gross floor area (GFA).



The four level casino area will, however, only occupy about 3 per cent of the total GFA.

The GFA for the integrated resort was initially expected to be 570,000 sq m (6.14 million sq ft). A 15 per cent increase could take it up to 655,500 sq m (7.06 million sq ft).

MBS general manager and vice-president George Tanasijevich said that since the design of MBS was first revealed, the design of the integrated resort (IR) had undergone 'refinement and redesign' to become both 'bigger and better'.

This increase in size also partially accounts for the current budget for the IR which stands at US$5.4 billion, up from previous estimates of US$3.6 billion and US$4.5 billion.

About 2 per cent of additional GFA can be attributed to the $50 million that will be spent on art at MBS. This is through an Urban Redevelopment Authority art incentive scheme which allows property developers of new projects to gain additional GFA, over and above the maximum allowed, if they integrate art permanently in the design of new commercial or residential buildings in the Central Area.

Mr Tanasijevich was speaking at a media briefing yesterday at the construction site of MBS where it was revealed that the IR will now also be 5-storeys higher.

Structural works are almost 75 per cent completed with the structure for the casino building already 'topped up' and the topping up for the three 55-storey hotel towers expected by July.

The hotel towers, which are currently at about the 28-storey level are simultaneously being fitted out.

All this with the aim of opening in time.

While Mr Tanasijevich said they hope to open by the end of 2009, 'or close to it', it is not clear yet which parts of the IR will open first.

He said what will likely open first will be the 'primary contributors of revenue'. He added that MBS was currently in discussions with the authorities on the phasing of the 'progressive opening' of the IR.

Separately, Las Vegas Sands (LVS) chairman and CEO Sheldon Adelson, who was speaking in the US, said that estimates made by analysts for earnings by MBS were 'somewhat low'.

According to a Reuters report, analysts had estimated that MBS could generate Ebitda of between US$500 million and US$900 million.

But citing Singapore's favourable tax regime, Mr Adelson said: 'We will save 25 per cent on average on taxes.'

Mr Adelson's comments come after LVS reported a loss of US$136.5 million in the fourth quarter of 2008, down from a profit of $39.9 million a year ago.

At the time of the filing on Feb 25, LVS also said that it had raised its annual cost savings target to US$250 million.

In addition to this, Mr Adelson said yesterday that it would try and 'squeeze out another US$200 million to US$250 million'. 'If we do that, we are home free,' he added.

According to its Q4'08 filings, LVS has unrestricted cash balances as of December 31 of US$3.04 billion while restricted cash balances were US$194.8 million.

Of the restricted cash balances, it said US$124.1 million is restricted for Macau-related construction and US$61.9 million is restricted for construction of MBS.

Total debt outstanding, including the current portion, was US$10.47 billion. Principal payments required to be repaid in 2009 and 2010 total US$114.6 million and US$197.6 million, respectively.


By ARTHUR SIM
Gid no está en línea   Reply With Quote
Old March 8th, 2009, 08:56 AM   #244
redstone
Lurker
 
redstone's Avatar
 
Join Date: Nov 2003
Location: Singapore
Posts: 14,056
Likes (Received): 52

Why so expensive?
redstone no está en línea   Reply With Quote
Old March 9th, 2009, 04:56 PM   #245
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



I think that is largely due to the increase in construction costs, particularly sand.
RafflesCity no está en línea   Reply With Quote
Old March 10th, 2009, 06:41 AM   #246
cmjohns6
Registered User
 
cmjohns6's Avatar
 
Join Date: Apr 2008
Location: Louisville, KY
Posts: 169
Likes (Received): 7

wow! i want to visit here, but i smoke cigarettes...
__________________
"It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change." -Charles Darwin
cmjohns6 no está en línea   Reply With Quote
Old March 15th, 2009, 11:24 AM   #247
JoSin
\Attituded\
 
JoSin's Avatar
 
Join Date: Sep 2005
Location: S i n g a p o r e
Posts: 2,070
Likes (Received): 226

Its not as if you cant smoke anywhere here. There are still places for you to smoke. And people dont really care either.

More updates:
Quote:
Originally Posted by Pengui View Post
14th March

More pics...





Cladding looks meh, but the light was not good (as you probably noticed )



__________________
A small country can do wonders.
S.I.N.G.A.P.O.R.E

JoSin no está en línea   Reply With Quote
Old March 15th, 2009, 05:15 PM   #248
Pengui
Tallest on his iceberg
 
Pengui's Avatar
 
Join Date: Jun 2003
Location: Singapore / Paris
Posts: 3,577
Likes (Received): 6

Thanks JoSin for relaying my pics here ;-)
Pengui no está en línea   Reply With Quote
Old March 16th, 2009, 06:48 PM   #249
HD
같같같같같같
 
Join Date: Sep 2003
Posts: 2,596
Likes (Received): 906

two pics I took a few days ago:


__________________
Welcome to COLORADO
More than Kobe and Columbine
HD no está en línea   Reply With Quote
Old March 20th, 2009, 05:13 AM   #250
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

Taken by keil - 18 March 2009

[img]http://i39.************/op5yfp.jpg[/img]
RafflesCity no está en línea   Reply With Quote
Old March 27th, 2009, 06:22 PM   #251
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

27 March 2009

Taken by lifestyle-1881



Taken by xtemujin

image hosted on flickr
RafflesCity no está en línea   Reply With Quote
Old March 28th, 2009, 05:30 PM   #252
IMPRESARIO
★Resident Ilonggo★
 
IMPRESARIO's Avatar
 
Join Date: May 2006
Location: The Garden State & Iloilo City,Philippines
Posts: 1,578
Likes (Received): 1332

wow,fabulous!
__________________
WV Regional CapitalViva! La Muy Leal y Noble Ciudad de Iloilo! Ilonggo Heartland
flavoursofiloilo.com exploreiloilo.comiloiloilove.comcafeilonggo.blogspot.com
thefoodieschoice.comgigsilonggo.com
IMPRESARIO no está en línea   Reply With Quote
Old March 29th, 2009, 04:31 PM   #253
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

29 March 2009



RafflesCity no está en línea   Reply With Quote
Old March 29th, 2009, 04:36 PM   #254
AltinD
The Modecator
 
AltinD's Avatar
 
Join Date: Jul 2004
Location: TIRANA / Dubai / Vienna
Posts: 31,827
Likes (Received): 6071

Fantastic progress, they're not kidding around.
__________________
I am the eye in the sky, Looking at you
I can read your mind
I am the maker of rules, Dealing with fools
I can cheat you blind.

AltinD no está en línea   Reply With Quote
Old May 7th, 2009, 10:11 AM   #255
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

Updates by xtemujin - 21 April 2009

image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


Facing the Marina Barrage


image hosted on flickr


image hosted on flickr


http://www.flickr.com/photos/xtemuji...7613142521987/
RafflesCity no está en línea   Reply With Quote
Old May 7th, 2009, 01:41 PM   #256
joxchiangmaithailand
Registered User
 
joxchiangmaithailand's Avatar
 
Join Date: Mar 2009
Location: Chiangmai
Posts: 352
Likes (Received): 46

nice buid.
__________________
Chiangmai Phuket Bangkok
joxchiangmaithailand no está en línea   Reply With Quote
Old May 11th, 2009, 03:39 PM   #257
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

Pics by Baby, taken in the middle of April:





RafflesCity no está en línea   Reply With Quote
Old May 14th, 2009, 04:54 PM   #258
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

13 May 2009 Taken by lifestyle-1881

RafflesCity no está en línea   Reply With Quote
Old May 14th, 2009, 05:50 PM   #259
webeagle12
Registered User
 
webeagle12's Avatar
 
Join Date: Oct 2007
Location: Albany
Posts: 1,739
Likes (Received): 415

faints***

webeagle12 no está en línea   Reply With Quote
Old May 21st, 2009, 05:18 PM   #260
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

14 May - taken by big-dog





RafflesCity 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 04:23 PM.


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