One Shenton will be the latest residential development at Marina Bay to achieve completion, with the temporary occupation permit (TOP) expected this month. “Owners of the lower floor units at One Shenton are expecting to collect their keys soon, while mid- to high-floor units will also be ready for handover in the near future,” says Kelvin Cheong, an associate director at Dennis Wee Realty Pte...
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Las Vegas Sands chief executive officer Sheldon Adelson said he is lobbying to get more land from the Singapore government to expand its profitable integrated resort in Singapore. Mr Adelson told reporters at the opening of the Marina Bay Sands (MBS) that the meetings, incentives, conventions and exhibition (MICE) business has been overwhelming and more land space would be needed. "Otherwise we may have...
Singapore's latest iconic structure, the lotus-inspired ArtScience Museum at Marina Bay Sands integrated resort, is ready to open its doors. The structure, made up of "10 fingers", is also touted as the "Welcoming Hand of Singapore" which opens up to the skies. Its architect Moshe Safdie said: "These shapes which you read from the outside - some say 'lotus', some say 'hand of welcome' - are actually the...
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...
The Marina Bay Link Mall, one of Singapore's newest underground malls, is reporting brisk business after just a month of opening. Some tenants said sales have doubled since they started operations. The mall has a catchment of about 55,000 workers and residents in the area. The number is expected to grow with additional condominiums being built. Currently, four in 10 of the retail space is occupied by...
Singapore's latest national project - Gardens by the Bay - moves closer to its November completion date. The large-scale green space just minutes from the city centre features 18 giant concrete trees and two special conservatories that showcase plants found outside this region. Rising nine to 16 storeys above ground, the 18 giant concrete trees - named the "super trees" - are probably a familiar sight to...
Interest in apartments at the 1,111-unit The Sail @ Marina Bay revived last month, with four units changing hands between Dec 21 and 28 at prices ranging from $1,899 to $2,990 psf. Eric Tay, an agent with PropNex who specialises in residential projects in the Marina Bay area, attributes the return of interest to the “spillover effect” from the strong take-up rate at the VIP preview of Robinson Suites...
The Marina Bay Financial Centre has received pre-commitment for over 66 per cent of the space in Tower 3, a year ahead of its completion, its manager Raffles Quay Asset Management said yesterday. The new lease agreements were inked with McGraw-Hill, as well as law firms Ashurst LLP and WongPartnership. DBS had previously signed for 700,000 sq ft as the anchor tenant of Tower 3. Tower 1 is fully leased to...
Marina Bay Financial Centre (MBFC) has received pre-commitment for over 66 per cent of space in Tower 3, a year ahead of its completion. Raffles Quay Asset Management, the asset manager of MBFC, said on Thursday the commitments have risen 11 per cent from 6 months ago. The new lease agreements were inked with McGraw-Hill, as well as law firms Ashurst LLP and WongPartnership. DBS had previously signed up...
Keppel Land expects to book a larger profit of about S$394 million from its Marina Bay divestment, following a positive advance ruling from the tax authorities. In a filing on the Singapore Exchange, the developer said that the Inland Revenue Authority of Singapore has confirmed it would treat the divestment as capital gain, which is not taxable. This means that Keppel's profit from the divestment will...