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Old March 24th, 2009, 04:28 PM   #1
RafflesCity
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SINGAPORE | One Raffles Place Tower 2 | 205m | 38 fl | Com

Architect - Tange Associates and SAA Architects

The podium of the existing OUB Centre has been demolished and is being redeveloped into this new tower. The entire complex will be renamed One Raffles Place.

The height is estimated to be between 200 - 210m, based on the model and rendering.



New office tower to be built beside OUB Centre by 2011

25 Sep 08



SINGAPORE: A 38-storey office tower will be built beside OUB Centre, adding some 350,000 square feet of Grade A office space to Singapore's business district.

Despite growing expectations of falling demand for office space and a slump in office rents, the project's marketing agent is already talking to interested parties. The S$540 million project is scheduled to be completed in 2011 and is already seeing healthy interest from financial service groups.

Managing director of Singapore & SEA at Jones Lang LaSalle, Christopher Fossick, said, "We see no pullbacks at all. We're seeing financial service groups still looking for space, still expanding. No evidence at this time that there's any pull back in financial sector here in Singapore."

The potential anchor tenants are expected to take up between 25 to 30 per cent of the available office space.

Jones Lang LaSalle expects rents to be in line with rates in the prime area, which range between S$15 to S$20 psf per month.

But not all property players are this bullish on the office segment.

Singapore office rents are seen to have peaked following the almost 100 per cent increase over the past year.

In early September, Merrill Lynch issued a report predicting a fall in Singapore's Grade A office rents, to S$10 psf per month in 2010.

It expects rents to fall further, to S$8 by 2011, and most analysts agree, especially in light of the financial turmoil in the US.

However, the project's developers say rental rate softening due to external conditions is likely to be a short-term issue.

General manager of OUB Centre, Henry Kok Moo Yong, said, "This development is for long-term investment. We are confident with the Singapore economy especially with new things coming up like the integrated resort and more demand coming up."

The new 38-storey tower will complement OUB's existing building. Together they will be rebranded as One Raffles Place, which also means a name change for the current OUB Centre.

The new building will have environmentally-friendly features like solar panels and rainwater harvesting systems.

By S Ramesh, Channel NewsAsia
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Old March 24th, 2009, 04:33 PM   #2
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21 June 2008

The podium was being prepared for demolition



3 January 2009

Podium demolished - pic taken by nolimit




Try imagining it in the skyline for now....



image hosted on flickr


@2nd pic from flickr
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Old March 25th, 2009, 12:42 AM   #3
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Nice filler. OUB is a beauty.
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Old March 25th, 2009, 04:02 PM   #4
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extraordinary!
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Old March 25th, 2009, 04:24 PM   #5
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I don't like this idea at all. OUB is Singapore's finest skyscraper and they should leave it well alone. One quality of Singapore's skyline is the slenderness of the three tallest towers, and this extension will spoil that.
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Old March 25th, 2009, 05:16 PM   #6
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That was my initial sentiment. The new tower, while looking nice on its own, seems like a parasite. But with a different cladding it may look 'light'. Hopefully it turns out.
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Old March 25th, 2009, 05:21 PM   #7
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Is this the podium that will be replaced by tower 2 ?



It might turn out good...
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Old March 25th, 2009, 05:35 PM   #8
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No, the portion that you circled is the shopping centre and it remains. The podium that was demolished faces the other side of the triangle.
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Old March 25th, 2009, 05:41 PM   #9
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it might be too close to UOB Plaza...

that shopping centre might have been better to be replaced by tower 2
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Old March 25th, 2009, 06:04 PM   #10
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nice proj!
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Old March 26th, 2009, 08:15 PM   #11
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Yeah! Great design!
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Old March 27th, 2009, 07:40 PM   #12
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I think this tower takes away from the OUB and would look better on its own but what are you gonna do, right?
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Old March 29th, 2009, 09:25 PM   #13
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Looks great, I hate it when existing buildings are demolished to build other highrises. Do you think they're may be better locations?
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Old March 29th, 2009, 10:43 PM   #14
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i want Global Petrochem Holdings Pte Ltd profile

thank you
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Old March 29th, 2009, 10:46 PM   #15
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urgent

dear sir

i want Global Petrochem Holdings Pte Ltd profile , singapore

thank you
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Old March 31st, 2009, 07:47 PM   #16
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Good filler for Singapore's skyline
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Old April 1st, 2009, 05:39 PM   #17
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It is a great addition ! I like it a lot !
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Old April 2nd, 2009, 03:23 AM   #18
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agree! it gives new design at the old tower

PS the Singapura waterfront is something!
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Old April 2nd, 2009, 07:24 AM   #19
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Quote:
Originally Posted by RafflesCity View Post

But with a different cladding it may look 'light'. Hopefully it turns out.
Ya, hopefully it gonna has transparent cladding...like full glass curtain wall so it's gonnabe sparkle at night
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Old April 2nd, 2009, 08:14 AM   #20
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It is just too close to the OUB tower. The people sitting on that side of the building will have absolutely no view.
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