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Old March 2nd, 2006, 06:01 PM   #381
weird
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I like too much glass colour
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Old March 2nd, 2006, 11:01 PM   #382
simms3
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I wish we could get something like this actually anywhere in FL!!
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Old March 11th, 2006, 05:19 PM   #383
babystan03
More excitment ahead!!!
 
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11/03/06:

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Old March 14th, 2006, 02:30 PM   #384
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Looks bluish at night
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Old April 1st, 2006, 01:42 PM   #385
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LATEST
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Old April 3rd, 2006, 10:00 AM   #386
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it looks gorgeous at night!!!
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Old April 7th, 2006, 06:58 AM   #387
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CBRE sees rising rents in prime areas

7 Apr 06

By KALPANA RASHIWALA


CB Richard Ellis (CBRE) has painted a picture of tightening prime office space and rental escalation here.

The firm, in a report released yesterday, says that the monthly average Grade A rent in the Raffles Place and Marina Centre locations rose 5.3 per cent quarter-on-quarter in the first three months of the year to hit $6 psf.

The firm is predicting that the figure will continue rising to $7.20 psf by end-2006, reflecting a 26.3 per cent increase for the whole of this year, after last year's 23.4 per cent gain. The figure is now almost 32 per cent higher than the early-2004 trough of $4.55 psf.

The vacancy rate of Grade A office space in the Core CBD area - comprising the Raffles Place, Shenton Way and Marina Centre locations - continued to dip to 4.9 per cent as of end-March, from 7.5 per cent three months earlier.

Net new office demand is expected to remain firm at around two million sq ft. This year's new supply is expected to be about 1.54 million sq ft, with the bulk of it coming from One Raffles Quay (ORQ).

The 1.33 million sq ft project is approaching 90 per cent commitment rate. Rents at ORQ have doubled since leasing began in late 2004, with rents now being set above $8 psf, says CBRE executive director Moray Armstrong, whose firm is marketing ORQ.


Despite this steep rental rise, he is not fearful that the Singapore office market is in danger of being overpriced in the race to attract big office tenants to the island.

Mr Armstrong said: 'Current Grade A office rentals in Singapore still represent a significant discount to comparable buildings in the region, most notably in Hong Kong where MNCs will pay about three times the rent they have to pay in Singapore.'

New tenants at ORQ include Barclays Capital, Norton Rose, Reuters and Rothschild. BT understands that Deutsche Bank will be doubling its take-up in the development to 290,000 sq ft. Mr Armstrong would not be drawn into confirming that Deutsche Bank is doubling its space in the project.

The project's 29-storey South Tower, where Deutsche Bank will be housed, is expected to receive Temporary Occupation Permit (TOP) in a few weeks. The 50-storey North Tower is slated for TOP in October.
Office space on the island is expected to remain tight over the next few years until the first phase of the Business & Financial Centre is ready around late 2009 or early 2010.

CBRE predicts that over the next three years, large occupiers in the Central Business District may be forced to split operations as they run out of space for 'client-facing' front-office departments.
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Old April 7th, 2006, 03:34 PM   #388
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Office rental price is quite expensive compares to BKK's.
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Old April 7th, 2006, 06:24 PM   #389
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Today, looks like they are wrapping up the 2nd last floor
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Old April 7th, 2006, 06:45 PM   #390
babystan03
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How it fares against the rest....

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Old April 7th, 2006, 07:04 PM   #391
dubaiflo
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bit boxy.. and i dislike the colour..

but overall look not too bad though.
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Old April 7th, 2006, 07:22 PM   #392
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Singapore has a winner on it's hands. I love the colour, in one pic it looks green in another blue and the facade, a very well done tall box.
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Old April 7th, 2006, 08:51 PM   #393
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wow, looks really nice in the slyline at night. It has a considerable height !
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Old April 7th, 2006, 11:16 PM   #394
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Not bad. Reminds me of 7WTC in NY.
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Old April 8th, 2006, 04:39 AM   #395
babystan03
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A closer look
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Old April 9th, 2006, 02:11 PM   #396
RafflesCity
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Its nice

Anyway this building will probably play 2nd fiddle to the SAIL, which is now starting to rise next to it...so enjoy it, or hate it if you can

9 April 2006

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Old April 9th, 2006, 02:41 PM   #397
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the disign is to simple and it's not very special
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Old April 10th, 2006, 09:10 AM   #398
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It looks great at night but daytime.
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Old April 16th, 2006, 04:21 PM   #399
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15 April 2006

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Old April 17th, 2006, 07:56 AM   #400
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It's almost finished. Look very great at night.
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