The asset manager of Marina Bay Financial Centre said it has received "very strong interest" from prospective tenants for Phase Two of its Marina Bay Financial Centre project. This is when marketing efforts have not yet started for Phase Two. Phase Two includes the Marina Bay Financial Centre Tower 3, which is slated for completion in 2012. Raffles Quay Asset Management said that about 56 per cent of...
Marina Bay / CBD
Prices at the 646-unit Icon on Gopeng Street reached a new high of $2,515 psf on Oct 15, when a 1,119 sq ft penthouse on the 46th floor was sold for $2.8 million. This breaks the previous record of $2,457 psf in November 2007, when another similar-sized unit on the same floor went for $2.75 million. The new high set at the four-year-old, 46-storey condominium was for a prime unit sold by developer Far...
One Finlayson Green's strata offices and retail units in the Central Business District are on the market but investors have to buy entire floors. The prime location - near Raffles Place MRT station - and tight market should stimulate demand. The 19-storey building, which has retail outlets on the first and second levels, has a total saleable floor area of about 96,132 sq ft. Each floor measures up to...
Bank Julius Baer said it has signed an eight-year lease with MGPA for a total of 71,000 square feet of office space in Asia Square's Tower 1. This makes the bank one of the key office tenants of the 43-storey commercial tower. Early last month, the leading Swiss private banking group also announced that it is growing Asia into its second home market. It said it planned to set up a Trust Company in...
Suntec Real Estate Investment Trust (Suntec REIT) is acquiring a one-third stake in Marina Bay Financial Centre for S$1.5 billion. Under the transaction, Suntec REIT will purchase Marina Bay Financial Centre Tower 1 and 2, the Marina Bay Link Mall and 695 car park lots. The REIT has entered into a conditional share purchase agreement for the property with Choicewide Group Limited, Cavell Limited and...
Located right at the fringe of the city, Spottiswoode Residences, is within close proximity to the Central Business District and two Integrated Resorts, where a myriad of amenities and entertainment can be found. Set in the serene and tranquil of Spottiswoode Park, it certainly appeal to all with its contemporary architecture design and panoramic views of both the city skyline and sublime sea. Comprising...
It has been suggested before, as early as two years ago, that the new downtown at Marina Bay will eventually be the new Raffles Place. Now it seems the market is actually doing the talk. Almost everyone who does business in the region knows Raffles Place. It is Singapore's premier office district. Over the decades, the mantle of being Singapore's most-sought-after business address has shifted before -...
More than 10 buildings, including One Fullerton and Marina Bay Sands, will support the "i Light Marina Bay" festival which starts this Friday and will last till 7th November. Properties involved will light up using less energy to raise awareness on sustainable urban development. One Fullerton, for example, will switch off selected building facade lights, while Marina Bay Sands will raise air-conditioning...
Property developer Keppel Land plans to sell one-third stake of its Phase One of Marina Bay Financial Centre (MBFC) to K-REIT Asia for about S$1.4 billion. This is part of an asset swap agreement with K-REIT, a real estate investment trust. Under the deal, K-REIT will in turn sell Keppel Towers and GE Tower (KTGE) to Keppel Land for S$573 million. The one-third stake of Marina Bay Financial Centre Phase...
If you have not realised it by now, Singapore has a new national asset. What made the recent F1 race and the inaugural Youth Olympics Games stand out as a truly memorable experience for participants and spectators alike was not how efficiently the events were organised. Singapore has made efficiency its trademark for many years now, so that was to be expected. Rather, it was the location of the events -...