SINGAPORE | Marina Bay Financial Center Phase 1 | 804 FT / 245 M | 55 FLOORS

[RafflesCity]

Marina Bay Financial Centre (MBFC)

3 office blocks and 2 residential blocks

Architect - KPF & DCA Architects
Construction - 2006
Completion - 2010
Developer - a consortium comprising Cheung Kong Holdings, Hong Kong Land & Keppel Land

http://img201.imageshack.us/img201/4342/bfcxi1.jpg

http://img.photobucket.com/albums/v133/RafflesCity/mbfcpic.jpg

http://img.photobucket.com/albums/v133/RafflesCity/mbrender2.jpg

http://img.photobucket.com/albums/v427/rotpics03/mbfc.jpg

http://img.photobucket.com/albums/v427/rotpics03/mbfc2.jpg

[RafflesCity]

Business and Financial Centre (BFC)

In line with Singapore 's goal to become a global business and financial hub, the BFC is slated for the development of state-of-the-art offices with purpose-built features to cater to the specific needs of business and financial tenants.

Sixty percent of the gross floor area (GFA) of this 3.55 ha development will be set aside for office use, while the remaining 40% GFA will be for complementary uses such as residential and recreation/entertainment facilities.

A flexible approach has been adopted to allow for the phased development of the site, with 244,000 sqm of GFA to be developed under the first phase (to be completed in 2009 – 2010). The total GFA will be 438,000sqm.

The tender for the BFC site broke local property records when it was awarded to the BFC consortium (comprising Keppel Land , HongKong Land and Cheung Kong Holdings) for $4,101 per sqm of GFA. The architects for the project are Kohn Pederson Fox Associates PC ( New York , USA ) and DCA Architects ( Singapore ).

http://www.marina-bay.sg/images/map/financial.jpg

2 pictures of the site in mid-2006 (bounded by the white fence)

http://img.photobucket.com/albums/v427/rotpics03/bfcsite.jpg

http://img240.imageshack.us/img240/6224/ndt19058vf.jpg

[Fabb]

Pure KPF, refined and elegant... but it's starting to be boring. Those forms have been used several times before (NY (Times Square), Seoul (Tehran Road)...)

[RafflesCity]

http://img.photobucket.com/albums/v133/RafflesCity/mbfcchart.jpg

[RafflesCity]

Construction has commenced.

18 November 2006

http://i77.photobucket.com/albums/j67/RCSSC/bfc1811.jpg

http://www.mbfc.com.sg/images/bannerpic.jpg

[hoosier]

Excellent news!:tup:

[RafflesCity]

3 March 2007

http://i77.photobucket.com/albums/j67/RCSSC/mbfc0203.jpg

[Jonas]

Simple, elegant and top quality. By the time I'll get to Singapore later this year it should be progressed :)

[RafflesCity]

Stanchart seals S'pore's largest-ever office deal

19 April 07

SINGAPORE'S drive to become a global financial centre took a major step forward yesterday when Standard Chartered signed the biggest office rental deal ever struck here.
The British bank, the latest in a string of international finance giants to expand here, has snapped up 24 floors of the Marina Bay Financial Centre (MBFC), a site some property experts once thought would be a white elephant.

Stanchart's rental deal, including renovations and relocation, is worth $800 million over 12 years starting in 2010 and comes amid a boom in the office rental market that has created shortages of prime office locations.

The 508,298 sq ft of space - just under half the size of VivoCity mall - will make it the biggest in Stanchart's office network across 57 countries.

It sees the deal as a strategic investment in Singapore, said its group executive director, Asia, Mr Kai Nargolwala.

'It demonstrates (our) long-term commitment to our customers and the community here,' said Mr Nargolwala.

Mr Chris Fossick, managing director at Jones Lang LaSalle here, which brokered the deal, said: 'It's a real illustration of how Singapore is developing as a financial hub.'

The bank is the latest to join the space race here. United States investment bank Merrill Lynch said last November that it would lease an entire building at Harbourfront, giving it 200,000 sq ft.

Germany's Deutsche Bank took 280,000 sq ft at One Raffles Quay, making it the single largest tenant. And Swiss bank UBS took up 200,000 sq ft over 10 floors in the same building.

The huge deals, particularly the Stanchart agreement, highlight the turnaround in the office rental sector in the last two years.

The release of the MBFC site for sale was delayed twice in 2003 because developers, battling a slump in demand for office space, feared it would cannibalise demand in the Central Business District.

Now, the booming economy has ignited the office market to the point where there is now a shortage of Grade A space - the top-tier of office space, based on factors such as size, location and amenities - while rents are going through the roof.

In the first quarter of this year, average rents for top- notch office space in Raffles Place climbed nearly 23 per cent to $11.80 per sq ft, according to Jones Lang LaSalle data.

Asking rents at some coveted buildings, including Republic Plaza and 6 Battery Road, are believed to be at record highs of $15 psf or more.

'We are expecting Grade A office rents to rise by another 40 to 50 per cent this year,' said the managing director of consultants Cushman & Wakefield Singapore, Mr Donald Han.

Rental pressure could come as financial institutions increase space in tandem with plans to make Singapore their regional or global base.

Stanchart will use its space in the 33-storey tower one at MBFC to house its front office staff, including local and global businesses. It also plans to hire an additional 2,200 people in the next three years.

The eight office locations it has here will be consolidated into just two or three, with the outlet at 6 Battery Road likely to be one of those retained.

Stanchart is the first tenant to sign up for the MBFC. It also has an option to extend its 12-year lease for a further eight years.

[RafflesCity]

http://img.photobucket.com/albums/v427/rotpics03/mbfcrender.jpg

[zerokarma]

The renders look great

[RafflesCity]

21 July 2007

http://i77.photobucket.com/albums/j67/RCSSC/bfc2107.jpg

[sfguy]

Simple design, but still nice. This tower looks great in those renders. It will fit right in with The Sail @ Marina Bay and the Marina Bay Sands Hotel.

[Jaroslaw]

21 July 2007

http://i77.photobucket.com/albums/j67/RCSSC/bfc2107.jpg

Thanks for these updates. Is that the Sands project behind the MBFC site in this pic?

[RafflesCity]

Thanks for these updates. Is that the Sands project behind the MBFC site in this pic?

Yes it is:)

[RafflesCity]

More renderings.

The project (Phase 1 & 2) has a total of 5 towers.

http://img.photobucket.com/albums/v427/rotpics03/mbfc.jpg
http://img.photobucket.com/albums/v427/rotpics03/mbfc2.jpg

[Down_Under_the_El]

I like the development going on kind of surrounding the bay I hope it has some density to it and is not too "developed."

[Surrealplaces]

Pretty nice looking project.

[RafflesCity]

17 March 2008

http://i77.photobucket.com/albums/j67/RCSSC/mbfc.jpg

[RafflesCity]

http://farm3.static.flickr.com/2352/2391944300_be0ea51433_o.jpg

http://farm3.static.flickr.com/2125/2391114201_51839ce65b_o.jpg

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[chex]

the site looks very busy....

[RafflesCity]

2 May 2008

http://i77.photobucket.com/albums/j67/RCSSC/bfc0205.jpg

[RafflesCity]

12 July 2008

http://farm4.static.flickr.com/3134/2667038759_7f901f0d19_o.jpg

[RafflesCity]

25 July 2008

http://img.photobucket.com/albums/v133/RafflesCity/sky4.jpg

[R@ptor]

I just returned from a 7.5 week trip through Southeast Asia (Vietnam / Thailand / Laos / Cambodia / Malaysia / Singapore) and of course I took thousands of photos including lots of construction updates in cities like Singapore, Kuala Lumpur, Bangkok, Hanoi and Ho Chi Minh City. Seeing as Singapore was the last city I've visited I will start with those photos.

Photos were all taken within the last 4 days.

http://www.jochenhertweck.com/upload/sin_mbfc1.JPG

http://www.jochenhertweck.com/upload/sin_mbfc2.JPG

[Aleks]

Thanks for all the updates. I really like Singapore's U/C buildings but not many seem to. Anyways, which one of the towers is that one Raptor? Is it the Marina Bay Residences?

[RafflesCity]

Yes the block rising fast is the Residential Tower.

2 of the office blocks are just starting to rise in the pic below. 1 more office block and residential block are still under piling.

Taken by Baby from SSC:

http://i221.photobucket.com/albums/dd266/babysgp/mbfc1-1.jpg

http://i221.photobucket.com/albums/dd266/babysgp/mbfc2-1.jpg

[RafflesCity]

2 November 2008

http://img.photobucket.com/albums/v427/rotpics03/bfc0211.jpg

http://img.photobucket.com/albums/v427/rotpics03/bfc0211b.jpg

[RafflesCity]

28 February 2009

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