Las Vegas Sands has asked the Singapore authorities for more land to increase rooms at its Marina Bay Sands resort by about 60 per cent after facing almost full occupancy, billionaire Chairman Sheldon Adelson said yesterday. The world’s biggest casino operator plans to add 1,500 rooms to the 2,563-room resort, Mr Adelson said at a briefing here. It will also add meeting rooms, ballrooms and exhibition...
Marina Bay / CBD
Prime commercial development, The Arcade, is being put up for tender at a guide price of S$900 million. The 20-storey building located at Collyer Quay, which is partly owned by City Developments, has a maximum allowable gross floor area of some 303,000 square feet, and total existing strata area of some 157,000 square feet. Under the 2008 Master Plan, the site is zoned for "commercial" use with an...
Singapore's commercial district will soon have more new offices. Asia Square Tower 2 was awarded its Temporary Occupation Permit (TOP) on September 2. This marks the completion of the integrated commercial development in Marina Bay. Asia Square Tower 2, the only new office development to be housed in the Central Business District (CBD) this year, spans close to 800,000 square feet of Grade A...
The S$410 million remake of Suntec City is starting to take shape -- Phase 1 of the makeover was completed in June. Susan Sim, deputy CEO of ARA Trust Management (Suntec) Limited, said: "We are 100 per cent occupied on Phase 1, and most of the tenants have already started operations. Phase 2 as of June, we are 70 per cent pre-committed and we are on target for Phase 2, which is going to be ready by...
A freehold boutique development in a popular downtown location marking the start of the new Waterfront City masterplan, Onze comprises 56 apartments and 13 ground level commercial units within a 14 storey complex, complete with sky terrace and rooftop swimming pool. Architecturally, the sleekly simple and yet fluidly dynamic lines of the box-based building features are an artistic statement set against the...
The Westin hotel is making a comeback in Singapore after a 10-year absence. Its owner Starwood Hotels and Resorts is aiming to double its footprint in Asia in the next three to five years. The group has about 160 new hotels in the pipeline for Asia, one of them - The Westin Singapore - is due to open this November. It is looking to fill 300 job vacancies, amid the tight labour...
In about two weeks, developers can start bidding for the site at Cecil Street/Telok Ayer Street. The sale for the reserve site was triggered after an unknown developer has committed to bid at least S$623.7 million in the tender. The Urban Redevelopment Authority (URA) said the land parcel spans 7,600 square metres. It has a maximum permissible gross floor area of 77,000 square metres and can be...
Raffles Quay Asset Management said it is confident of filling up the rest of the office space at Marina Bay Financial Centre Tower 3, as well as sell the remaining units of luxury apartments at Marina Bay Suites -- despite uncertainties in the global economy and the property cooling measures announced in January 2013. About 88 per cent of the 221 units at Marina Bay Suites have been sold so far. While...
Singapore's skyline is set to welcome its tallest building in 2016 at a site above Tanjong Pagar MRT station. Developer GuocoLand said the 67-storey office-cum-residential tower will form part of the upcoming integrated development called the Tanjong Pagar Centre. At 290 metres high, the building will soar above Republic Plaza, One Raffles Place and UOB Plaza One, which are 280 metres tall...
The Marina One mixed-use development in the heart of Singapore's Central Business District (CBD) will be a coveted business and lifestyle destination that will raise the bar for integrated developments and act as a catalyst to attract and grow new businesses. That is the vision of M+S, a joint venture company owned by Malaysia's Khazanah Holdings Bhd and Singapore's Temasek Holdings, that is working on...