Structural steel contractor and engineering solutions provider Yongnam Holdings will form a 70-30 percent joint venture with KTC Civil Engineering and Construction to work on a Marina Bay Sands project. They have secured an S$81.4 million contract for temporary decking, steel waling and excavation works at the South Podium of the Marina Bay Sands integrated resort. The South Podium area will include...
Marina Bay / CBD
Even as some market observers are saying that the Singapore property market is weakening, Macquarie Global Property Advisers (MGPA) is still optimistic and sees value in the office, retail and residential sectors. “There are still some good bargains around, and in the next 6 to 9 months, there might be better pricing value,” said MGPA’s chief executive (Asia investments) Simon Treacy at the signing...
Macquarie Global Property Advisors (MGPA) says it expects office rentals in Singapore to remain hot, jumping by 10 to 25 percent this year. The Australian private equity real estate fund management firm is converting two plots of land at Marina View into twin office blocks. The two towers, expected to be completed in 2012, will also house a luxury five-star hotel. These land parcels drew top dollars from...
Singapore will double the size of its financial district over the next 15 years, after demand for offices surged last year with the city-state seeking to become a centre for business in Asia. The city will add 2.82 million sq m of office space, the equivalent of Hong Kong’s Central district, the government’s Urban Redevelopment Authority (URA) said in an e-mailed statement yesterday. Occupancy of...
Singapore-listed Straits Trading Company is pumping in some S$60 million to build a new building. It will be developed on the site of the old Straits Trading Building and is expected to be completed in 2009. Agents for the New Straits Trading Building said they see strong demand for premium mid-sized office space. A new 28-storey Straits Trading Building will rise in the heart of Singapore's financial...
Sales previews for Marina Bay luxury condo to start end of this monthDESPITE worries of a global slowdown and a decline in sales of private property these few months, developers of the Marina Bay Suites are confident they will be able to attract enough buyers for this luxury condominium. Sales previews for these 221 units will start by the end of the month, and marketing agents said they have seen...
Set in the heart of the US$30 billion Marina bay, Asia's most exciting urban lifestyle hub, the 66- storey, 239-metre tall Marina Bay Suites sets new standards for exquisite luxury living in Marina Bay. Fortunate residents will enjoy dynamic city skyline vistas and exclusive views of the elegant Central Linear park. An oasis of peace and tranquility in the heart of the new Downtown, the Central Linear...
Marina Bay Suites is seeing strong demand despite uncertainty in the market, according to its marketing agents. Both CB Richard Ellis and DTZ Debenham Tie Leung say they've received significant numbers of enquiries from both local and foreign buyers. What goes up may not necessarily come down, even in these uncertain times. Demand for these luxury apartment units overlooking Marina Bay seems almost...
The Clift is a metaphor for modern living located in the heart of the Central Business District. A 43-storey tower of compact residential units designed by world famous Super Potato of Japan beckons the soul that seeks a life less ordinary. Located on the cross junction of Telok Ayer and Mccallum Street, The Clift transcends traditional notions of living space. It neighbors include concrete skyscrapers...
Weaker US dollar pushing up cost for Las Vegas SandsLAS Vegas Sands (LVS) said that despite the constricted credit market, it has secured more than US$3.7 billion ($5.3 billion) in loans to build Marina Bay Sands, its proposed integrated resort in Singapore. The financing package for the complex also includes a capital contribution of about US$558 million in equity from LVS, according to a United States...