NTUC Income will be acquiring a further 51 per cent stake in 16 Collyer Quay from Goldman Sachs to fully own the prime office building. In a statement, the Singapore insurer said the acquisition values the 37-storey, 999-year leasehold building formerly known as Hitachi Tower, at around S$660 million. This works out to less than S$2,400 per square foot on a net lettable space of over 278,000 square...
Marina Bay / CBD
DBS Group on Monday announced plans to acquire a stake in Marina Bay Financial Centre Tower 3 (MBFC), where the bank's headquarters is located. In a filing with the Singapore Exchange, the bank said it will pay S$1.035 billion for a 30 per cent share in Central Boulevard Development Pte Ltd - a joint venture of Cheung Kong (Holdings) Ltd and Hutchison Whampoa Ltd. DBS also has an option to take up...
Spottiswoode Suites - a upcoming freehold luxury condominium at Spottiswoode Park Road is located in prime Tanjong Pagar Central Business District (CBD). Rising up to 36-storeys, residents can enjoy a unblock panoramic view of the sea and city. Spottiswoode Suites is within minutes walk to Outram Park MRT and it is in close proximity to the Central Business District, Vivocity, Sentosa, Marina Bay Sands,...
Raffles Quay Asset Management (RQAM) on Thursday said it has achieved a commitment level of over 70 per cent for its Marina Bay Financial Centre (MBFC) Tower 3. In a statement, RQAM added that it has signed on new tenants, including Mead Johnson, Berge Bulk, Clifford Capital and Clyde & Co. These new tenants, from industries such as shipping, financial investment, legal, and paediatric nutrition will...
Rising land value has encouraged landlords to develop more mixed-use projects. This includes developing more residential units along Shenton Way, once known as Singapore's Wall Street. And as more financial services firms gravitate towards the new downtown area, industry players said Shenton Way has a unique opportunity to regenerate itself. V on Shenton is one of the latest residential-cum-commercial...
Marina One, a landmark mixed-use development at Marina South, broke ground on Wednesday. M+S, a joint venture owned by Malaysia's Khazanah Nasional and Singapore's Temasek Holdings, says the development will provide commerce, high-end residences and retail spaces, and is on track to be completed by 2017. The 60:40 joint venture between Khazanah Nasional and Temasek came about after a landmark land...
Singapore’s central business district (CBD) is evolving from a traditionally corporate location, with more buyers looking for prime residential properties in the area. According to Savills Singapore, more than 4,600 new homes will likely be completed in the district by end-2015. A number of these homes will be located in Shenton Way, Robinson Road and Tanjong Pagar. This is expected to boost the...
V on Shenton, a brand new development located at FiVe Shenton Way - an address with a glorious legacy. This new project is being built on the former UIC Building site which once dominated the city skyline as Singapore’s tallest building for many years since its completion in 1973. V on Shenton is within walking distance to the various amenities such as Tanjong Pagar and Raffles Place MRT stations,...
Bay South Garden, a section of the waterfront gardens in the new Downtown @ Marina Bay, will open on June 29. It is the largest of the three gardens that make up Gardens By The Bay, Singapore's new green oasis in the city. Bay South features the two cooled conservatories, and the 18 "supertrees". The man-made, tree-like structures tower at between 25 and 50 metres tall. Visitors can look forward to...
EON Shenton rises at the coveted site of 70 Shenton Way, illuminating the Tanjong Pagar waterfront with its majestic grandeur. Here in the Central Business District, each and every angle gives rise to international recognition and promises impressive city and sea views that extend towards the waterfront bungalows of Sentosa. Interweaving both residential and commercial spaces seamlessly, it is the epitome...