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Old May 17th, 2005, 02:37 PM   #201
Muse
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The glass is superb. I don't know why some of you are moaning. It's very in vogue atm for cladding to get that high-tech look in scrapers. Seems highly reflective too.

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Old May 20th, 2005, 09:55 PM   #202
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Oh btw....work has been stopped coz yet another person was killed on site?
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Old May 21st, 2005, 12:20 AM   #203
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! Bad news when someone dies in a buildings works! As an architect I would be in a near future, I would always try to make everybody to use safety measures.
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Old June 21st, 2005, 06:37 AM   #204
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UBS to take up to 10 floors at One Raffles Quay

21 Jun 05

It will occupy 200,000 sq ft at the top of the 50-storey North Tower, to be ready by Q3 2006


IN one of the biggest office leasing deals in recent history, UBS will take up to 10 floors totalling 200,000 sq ft at One Raffles Quay, which is coming up in Singapore's New Downtown, sources have told BT.


The space to be taken up will cover the top floors of the development's 50-storey North Tower, which is expected to be completed in the third quarter of next year. Two other banks will also move into One Raffles Quay, but they will be in the shorter tower, the 29-storey South Tower, which is slated to be ready next April. ABN Amro and Deutsche Bank will take up about 160,000 sq ft and 140,000 sq ft respectively.

Sources say that a few smaller tenants have also been secured, bringing total commitment to about 45 per cent of One Raffles Quay's 1.3 million sq ft net lettable area.

For UBS, the space that it will lease at One Raffles Quay space will eventually replace its existing offices at Suntec City. The bank currently occupies about 135,000 sq ft - spread over five full floors and part of six other floors in Suntec Tower Five, which is an 18-storey block with big floor plates.

According to Suntec Real Estate Investment Trust's listing prospectus dated November last year, UBS's lease expired in March 2005 and was renewed till March 2009, but the bank may terminate the lease by serving six months' notice on or after Oct 1, 2007.

Market watchers say that although One Raffles Quay's North Tower, where UBS will move to, will be ready by late next year, the bank may not move into its new premises at that time, because of its existing lease commitment at Suntec City. Sources declined to say when UBS's lease at One Raffles Quay will start running.

The project is being developed by a tripartite partnership involving Hongkong Land, Keppel Land and Cheung Kong Holdings.

UBS has more than 1,000 employees in Singapore and its core businesses here are wealth management, investment banking and global asset management. The bank, headquartered in Zurich and Basel, also occupies some space in the HarbourFront office park where it houses its IT and operations divisions.

Sources would not be drawn into speculating the rental rates that UBS is likely to pay at One Raffles Quay as the figure itself may not be meaningful if the deal is complicated and involves many other elements, including a delayed onset of the lease.

Average prime office rents on the island have risen by about 18 per cent since bottoming out nearly 18 months ago, when they plumbed near 15-year lows.

Property analysts generally expect CBD office rents in choice locations to continue recovering on the back of limited supply of new offices in the next five years, as well as improving demand as financial institutions and other businesses expand.

One Raffles Quay is the only major new office project slated for completion next year. After that, the only known major supply will come from the Business & Financial Centre nearby, which is expected to generate about 2 million sq ft net lettable area of offices in phases.

Of course, the authorities could release more land parcels in Singapore's New Downtown for office development in the near future, say observers, to keep office rentals here globally competitive.

By KALPANA RASHIWALA
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Old June 27th, 2005, 08:12 AM   #205
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Taken by nolimit

25th June





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Old June 28th, 2005, 07:38 AM   #206
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the glass is not that bad, but being next to another green building definitely cause its facade to lose its uniqueness.

the building's progressing nicely though!
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Old June 28th, 2005, 10:51 AM   #207
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Thanks for the update!
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Old June 28th, 2005, 07:22 PM   #208
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Picture take 28 June 2005. I did a count on the floor and I think the building structure has reached about 38 floors and the core about 41 floors. The speed of construction is simply amazing now, the core should top up pretty soon. I guess is around sep 05.

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Old June 29th, 2005, 02:04 AM   #209
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I notice they havent cladded the base of the taller tower yet..wonder why

maybe theyre still constructing the podium joining the two towers?
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Old June 29th, 2005, 08:31 AM   #210
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Looks like NTUC's twin.......
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Old July 3rd, 2005, 03:26 PM   #211
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3/7/05:

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Old July 3rd, 2005, 03:29 PM   #212
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I hate the colour...
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Old July 4th, 2005, 03:03 PM   #213
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Doesn't fit Singapore
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Old July 4th, 2005, 04:00 PM   #214
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I also think it doesnt fits "Singapore old skyline" which represents the old classical skyline, but it sure will blends with the "new emerging era of the future skyline" !!!

Go for it, Singapore
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Old July 4th, 2005, 05:06 PM   #215
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maybe they'r "intentionally similared"?
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Old July 4th, 2005, 05:10 PM   #216
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I just hope the Sail isn't in a shade of emerald green.....
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Old July 4th, 2005, 06:29 PM   #217
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actually i think that give's it style somehow.
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Old July 5th, 2005, 08:54 AM   #218
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could the green be for fengshui reasons?

nicholasliha suggested it before
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Old July 5th, 2005, 09:01 AM   #219
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maybe same owner ?
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Old July 5th, 2005, 10:04 AM   #220
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Quote:
Originally Posted by RafflesCity
could the green be for fengshui reasons?

nicholasliha suggested it before

Maybe it represents "Jade"?, if so. Fengshui indeed
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