Genting Singapore said its wholly-owned subsidiary Resorts World Properties has agreed to buy the Singapore Technologies Building from Singapore Technologies Holdings for S$146 million. The freehold 13-storey office building is located at Lim Teck Kim Road and has an existing gross floor area of 128,600 square feet. The property has an approved plot ratio of 6.6 and sits on a site area of around 1,800...
Resorts World
S’pore-designed: energy-efficient device cools air to 25 degrees Celcius When the Sentosa integrated resort opens in a few years’ time, visitors may enjoy aircon temperatures even as they queue outdoors. This is thanks to a new Singapore-designed device that chills air to about 25 degrees Celsius and consumes 20 per cent of the energy required by traditional air-conditioners using fans and solar...
Resorts World at Sentosa has awarded its largest building contract to date, worth S$1.05 billion, to a joint venture between major Japanese contractor Kajima Overseas Asia Pte. Ltd. and local player Tiong Seng Contractors (Pte) Ltd. This brings the total building contracts awarded so far to over S$2 billion. The S$6 billion integrated resort is slated for completion in early 2010. Kajima-Tiong Seng will...
Resorts World at Sentosa has secured S$4 billion in credit facilities for its integrated resort development. The credit facilities would fund two-thirds of the company's projected cost of S$6 billion. The rest of the funds will come through a rights issue by Genting International, the parent of Resorts World. DBS and OCBC are among five local and international banks which will underwrite, bookrun and...
Resorts World at Sentosa has started work on a new vehicular bridge which costs S$80 million. The new bridge is aimed at easing visitor traffic as over 15 million of them are expected to visit the Resort when it opens in early 2010. The 710-metre, 3-lane bridge will run parallel to the existing causeway which connects Sentosa to the mainland. And when completed in September 2009, both will be...