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Old October 3rd, 2005, 06:16 PM   #281
redstone
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Posted in Sg forums:

Quote:
Originally Posted by encon
The impact on the skyline

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Old October 3rd, 2005, 08:23 PM   #282
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This one fits in quite nicely, seen it in person a month n a half ago. Am sure it's taller now.
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Old October 3rd, 2005, 08:25 PM   #283
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This is one significant change of Singapore skyline!!
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Old October 4th, 2005, 04:03 PM   #284
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Re-post here:
Quote:
Originally Posted by encon
another pics more clearer on the skyline:
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Old October 4th, 2005, 05:41 PM   #285
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Why does Singapore government prohibit the height in central?
If the height of building was over 280m, the building will affect the Airport’s flight path? What’s the main reason I don’t know?
1 Raffles Quay (245m) is great tower, if it’s increase the height to
350m or higher, Singapore skyline should be better than now.
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Old October 4th, 2005, 06:02 PM   #286
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Unfortunately yes.
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Old October 10th, 2005, 04:47 PM   #287
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Quote:
Originally Posted by encon
08 oct 2005







9 October 2005


^View from Singapore General Hospital

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Old October 11th, 2005, 12:53 PM   #288
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Wow! another icon in Singapore has emerged.
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Old October 22nd, 2005, 05:13 PM   #289
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18 October 2005
By Mr. ASAP:
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Old October 22nd, 2005, 05:14 PM   #290
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22 October 2005
by RafflesCity


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Old October 22nd, 2005, 05:19 PM   #291
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It does looks outstanding!
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Old October 22nd, 2005, 05:22 PM   #292
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The short tower is very massive!!!

I think it might be time to rename the development Raffles Quay Tower or something...


So many 'Ones'.
One Marina Boulevard (NTUC Centre)
One George Street
One Raffles Quay
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Old October 22nd, 2005, 06:49 PM   #293
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this tower looks almost like 25 bank street in Canary Wharf square and very bland its height is its only good point.
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Old October 23rd, 2005, 09:46 AM   #294
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Rentals for prime office space edge up

23 Oct 05

Limited supply allows new kid on the block, One Raffles Quay, to ask for as much as $7.50 psf

By Joyce Teo
Property Correspondent

LATELY, some glitzy luxury apartments have been hogging the limelight after commanding sky-high sale prices.

But records are also quietly being set in another niche of the property market: office rentals in top-end commercial space such as the soon-to-be-completed One Raffles Quay.

Because of a limited supply of new large, prime office space - a state of affairs that is expected to continue for the next few years - the new kid on the block, One Raffles Quay, is enjoying quite a bit of attention.

Asking rents there now average $6.50-$7.50 per sq ft (psf), though deals so far are believed to have been signed for less than $7 psf. The 1.3 million sq ft, two-tower project will be completed in phases in April and October next year.

Yet, already, more than 50 per cent of the floor space has been leased out, and the tenants include big names such as ABN-Amro, Deutsche Bank and UBS.

Said the general manager of Raffles Quay Asset Management, Mr David Martin: 'We've come out of a prolonged downturn. Only five years ago, rents were above $6 to $7 psf.

'We want to be heading the market, along with other major buildings,' he added.

Deals for another 20 per cent or so of the project are being negotiated, and should be finalised by the end of the year, said Mr Martin.

New buildings are typically in demand, though One Raffles Quay alone constitutes more than half of the 2.5 million sq ft or so in known new office space that is expected to come onto the market by 2008.

However, that is only about a quarter of the floor space that would typically be expected to be completed over this period, said property consultancy CB Richard Ellis (CBRE).

The project is being developed by a consortium equally owned by Cheung Kong (Holdings), Hongkong Land and Keppel Land - the same team that is developing the Business and Financial Centre, which could add another 2.8 million sq ft of new space starting from 2009-2010.

Apart from limited supply, office rents are rising in line with an improving economy, growth in financial services and more hiring by the services sector, said CBRE.

Its executive director, Mr Moray Armstrong, argues that the conditions are now ripe for Singapore's office landlords to enjoy a period of impressive rental growth, though tenants have so far had a 'fair degree of success' in resisting major rental hikes.

He said the lack of price rises was a result of tenants and landlords having become conditioned by the low-rent environment over the past few years.

Average prime office rents in the third quarter stood at $4.90 psf a month, up 4.3 per cent since the second quarter.

Rents in Grade A or top grade prime office space such as Six Battery Road and Republic Plaza moved up 7 per cent to $5.25 psf in the third quarter.

The figure was $4 psf at end-2003 and $4.40 psf at the end of last year. The current level is still almost 50 per cent below 1996-1997 levels, when the market was booming, noted CBRE.

Nevertheless, these bargain basement rents will not last long as tenants - mostly financial services firms, wealth management companies, and accounting and law firms - look for bigger space in which to grow, said property consultancy Cushman & Wakefield's managing director, Mr Donald Han.

New buildings have bigger floor plates, which are attractive to large firms.

One George Street is enjoying good demand, and at 3 Church Street, which will be completed early next year, talks on a deal for a big anchor tenant, which may take up as much as 70 per cent of the space, are ongoing, consultants said.

'We might be revisiting the 2000 peaks in about a year,' Mr Han said. He noted that, in 2000, effective prime rents averaged $7 psf. Certainly, 'the office market is the star performer in 2005', he added.
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Old October 23rd, 2005, 07:21 PM   #295
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Beautiful tower !
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Old October 23rd, 2005, 08:01 PM   #296
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yeap...will be awesome
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Old October 23rd, 2005, 08:08 PM   #297
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Oh!!!.It's getting high now.
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Old October 24th, 2005, 03:24 PM   #298
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whats beautiful about it?? Its a box made all the worse by the fact that the cladding looks cheap. Not at all like the renders which showed a slick looking glass tower in the vein of 7 World Trade Centre. That turned out pretty good for what it is....this sadly has not.
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Old October 25th, 2005, 07:31 AM   #299
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24 October 2005


By encon
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Old October 25th, 2005, 07:46 PM   #300
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The green cladding is looking great.
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