Emeritus Senior Minister Goh Chok Tong said the close partnership between the government and private sector was critical to the successful development of Singapore's new downtown at Marina Bay. Mr Goh was speaking on Tuesday evening at the opening of Asia Square Tower 1. "Looking ahead, we must continue to upgrade Singapore's business infrastructure in order to meet the changing needs of global business...
Asia Square
Asia Square Tower 1, located at Shenton Way, has already leased out 62 per cent of its office space and pre-let more than half of the building. The developers of the building, MGPA, gave the update after it was awarded its Temporary Occupation Permit (TOP) on June 21. MGPA said it was awarded the land parcel in September 2007 and construction was completed in less than four years, making it the fastest...
Hyundai Engineering and Construction has been awarded the contract for the construction of Asia Square's Tower 2. The South Korean contractor is currently overseeing the ongoing construction works of Asia Square Tower 1 and is scheduled to complete the building in June this year. This brings the total value of the construction of Asia Square to more than S$1 billion. The construction of Asia Square...
Starwood Hotels and Resorts will be the first to open a hotel at Marina Bay's Asia Square, located at Singapore's newest financial district. In a release, Starwood Hotels & Resorts, which owns the Westin brand, said the hotel will be operational end 2013. The hotel, occupying over 300,000 square feet, will offer 306 rooms. The rooms will take up 15 storeys (32nd to 46th floors) of Asia Square Tower...
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...
Following a nearly ten-year absence, the Westin brand will stage a comeback in Singapore when a 280-room hotel opens on the top floors of Asia Square Tower 2 by 2013. Industry sources say that Starwood Hotels & Resorts has clinched the management contract to manage the hotel under the Westin brand. The hotel will be located on the 32nd to 46th floors - sitting above 26 levels of offices. There will...