SINGAPORE | Marina Bay Financial Centre | 245m | 239m | 227m | 222m | 192m | T/O

[RafflesCity]

Marina Bay Financial Centre (MBFC)

Phase 1

Height - 245m, 222m, 192m
1 residential tower (55 floors, 428 units) and 2 office towers (46 and 32 floors)
Architect - KPF & DCA Architects
GFA - 244 000 sqm
Construction - 2006
Completion - 2010
Developer - a consortium comprising Cheung Kong Holdings, Hong Kong Land & Keppel Land

Phase 2

Height - 239m, 227m
1 office tower and 1 residential tower











[img]http://*************************/singapore/jpgs/marina_bay_business_financial_center_kpf120309_2.jpg[/img]

[RafflesCity]

Business and Financial Centre (BFC)

In line with Singapore 's goal to become a global business and financial hub, the BFC is slated for the development of state-of-the-art offices with purpose-built features to cater to the specific needs of business and financial tenants.

Sixty percent of the gross floor area (GFA) of this 3.55 ha development will be set aside for office use, while the remaining 40% GFA will be for complementary uses such as residential and recreation/entertainment facilities.

A flexible approach has been adopted to allow for the phased development of the site, with 244,000 sqm of GFA to be developed under the first phase (to be completed in 2009 – 2010). The total GFA will be 438,000sqm.

The tender for the BFC site broke local property records when it was awarded to the BFC consortium (comprising Keppel Land , HongKong Land and Cheung Kong Holdings) for $4,101 per sqm of GFA. The architects for the project are Kohn Pederson Fox Associates PC ( New York , USA ) and DCA Architects ( Singapore ).


2 pictures of the site in mid-2006 (bounded by the white fence)

[RafflesCity]

BFC piling work to start in Sept

31 August 2006

WORK on the massive Business and Financial Centre (BFC) project in the Marina Bay area is set to begin soon with the award of a contract, in excess of $90 million, to Tiong Seng Contractors.


The contract is for piling and preparatory groundwork at the site. BFC Development project director Scott Rudisel said in a press statement yesterday that physical work - site preparation, piling and foundation works - on the 3.55 hectare waterfront site would begin in September.

The initial phase of the BFC project is expected to take three years. Phase One, scheduled for completion in the first quarter of 2010, comprises 244,000 square metres of high-quality office space, luxury residences and complementary retail facilities.

Tiong Seng Contractors is expected to move equipment and machinery onto the site in the coming weeks. The group was picked after an open tender earlier this year. Following this initial contract, the next stage will be the main tender for the construction of the BFC.

[Mosaic]

Great project!!!! really good for Singapore.

[glitz_boy]

btw, anybody know who is the Professional Engineer for this one? and the main contractor?

[Skyscrapercitizen]

It's a bit more of what you see all over the world, so definitely a building of this time. But I think I like it.

[european]

Very sleek morden & sexy just like the rest of singapore.

[ZZ-II]

wow, a complete new highrise section. singapur is really amazing.

[Mosaic]

awesome indeed!!!! really can't wait!!

[Max the Swede]

Gee..with that casino it's gonna look awsome!

[RafflesCity]

BFC residences to attract strong interest from foreign buyers: agent

16 Sep 06

SINGAPORE: The proportion of foreign buyers for the residential units at the Business and Financial Centre is expected to be higher than the 30 percent recorded at The Sail at Marina.

This is according to marketing agent of the project, CB Richard Ellis.

The property consultant says foreign buying has now trickled down to the mid-end segment of the market.

The residential component of the Business and Financial Centre has received strong overseas buyer interest in its pre-launch.

Marketing agent CB Richard, the marketing agent of the project, said that the proportion of foreign buyers should outnumber that of the neigbouring Sail @ Marina.

"I think if I look forward, recently with the announcement of the integrated resort and also there has been a lot of publicity on the huge growth in private banking and a lot of people are coming in, I would think the percentage of foreign buyers for BFC apartments will be much more than 30 percent," said Willy Shee, Chairman, CB Richard Ellis Asia.

There has been interest to buy up whole floors, with foreign buyers coming from a wider geographical spread.

"We found the profile of the buyers expanding. Traditionally, our buyers are from Indonesia, Malaysia, Hong Kong. Now we find that there has been an increasing interest from Europe, mainland China, Russia and Australia. So we are seeing a much broader base of foreign buyers now," said Mr Shee.

CB Richard Ellis says prices of the BFC homes are expected to match subsales of The Sail at $1,400 to $1,650 per square foot if not more, and looking into the next 24 months, the strength will not be confined only to the high-end.

Consultants reckon that foreign buying, spurred by the influx of middle managers, should begin to flow into the middle segment of the residential market.

CB Richard Ellis predicts that the mid-end private apartments will rise by 10 percent in 2007.

By Matthias Chan, Channel NewsAsia

[Johan]

very modern and stylish! I like that there is some variety in the heights of the buildings, it makes it more interesting....

[RafflesCity]

MBFC logo



MBFC



MBFC from Integrated Resort



MBFC office towers from Central Boulevard



MBFC on Marina Bay skyline



David Martin - General Manager

[RafflesCity]

S'pore's future financial hub takes shape

6 Oct 06

By Joyce Teo

TAKE a look, Singapore.
The massive financial and business centre to be built at Marina Bay took definitive shape yesterday.

With the launch of phase one, costing about $2 billion, Singaporeans can now take a glimpse at how one of the nation's biggest commercial projects will look.

And it now has an official name: the Marina Bay Financial Centre (MBFC).

By 2010, it will help double the level of premium office space here, as part of the drive to keep Singapore at the cutting edge as a financial centre.

Home-owners also have the chance to be a part of it. Highly-coveted waterfront apartments will be built, in a move likely to add fuel to the already red-hot luxury market.

Of course, not far away, one of the integrated resorts is being built, too.

Phase one of MBFC comprises two office towers and one residential tower - accounting for 56per cent of the total 438,000sqm gross floor area.

Yesterday, at an event to launch the new name, Minister for National Development Mah Bow Tan said the project was a strategic step to ensure that Singapore remains a major player in the global banking and financial arena.

The idea for the project was motivated by a need to stave off regional competition. But the journey has been far from smooth.

The release of the site for sale - it was originally slated for the first half of 2003 - was delayed twice amid developers' fears that the huge site would cannibalise demand for space in the Central Business District.

The property market was just starting to recover back in May 2004, when the Government decided to release the site, said Mr Mah.

'It was a calculated risk, but one which was backed by our confidence that Singapore would recover strongly and so too the property market.''

A consortium comprising Cheung Kong (Holdings), Hongkong Land and Keppel Land eventually won the tender for the 99-year leasehold site in July last year.

Now, the property market here is on an upswing, with stellar growth in the premium office sector, defying earlier fears.

Office rents remain below mid-1990s peaks, but are back to 2000-2001 levels, with average rents for premium space at $7.60 per sq ft a month, said property consultancy CB Richard Ellis. Rents at brand new One Raffles Quay have already hit $10 psf.

The MBFC will have about 244,000 sq m of gross floor area, including 150,000 sq m for offices and 428 luxurious apartments at the 55-storey Marina Bay Residences.

There will be about 100,000 sq ft of shops, of which 70,000 sq ft will be for an underground pedestrian mall. The 32-storey office block will feature a rooftop garden restaurant. The other block has 46 storeys.

The new cluster of skyscrapers set for Singapore's skyline has been designed by the world-renowned Kohn Pedersen Fox Associates, which also worked on other projects such as One Raffles Link. MBFC's lead architect Paul Katz, who was in town yesterday, said there was nothing like it anywhere in the world.

'A commercial development of this scale will really take a global city into the 21st century,'' he said.

The centre's developers said there had been plenty of interest in the centre's homes, as well as office space.

Large financial institutions are said to be keen on the new development, which boasts large floor areas of up to 24,000 sq ft.

'We are not just unveiling another office building,'' said Mr Mah yesterday. 'We are unfolding a development that will contribute to the fulfilment of our vision for Marina Bay, strengthen our position as a key financial hub in Asia...'

[Sinjin P.]

Wow, Singapore has been booming and is continuing to boom, keep it up

[Nongkhai_tong]

Yes,great for singapore!!

[RafflesCity]

8 October 2006

Site preparation works have commenced.

[oriental_horizon]

nice pictures. i like the artist rendering when the project is fully completed.

[paradyto]

Nice developed!

[Chad]

It looks really great!!! Irregular shape would defineitly add some excitement to the main cluster. But why every new office buildings tend to be so green?
I dont have anything against green glass but it's getting to be so many!