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Monthly Archives: July 2009

$1b boost to Marina Bay

Posted on 29 Jul 2009 | Comments Off

View of the Singapore skyline from the 50th floor of the Marina Sands Hotel Towers. From vision that started some 30 years ago, Marina Bay was planned to be a seamless extension of the existing Central Business District, providing businesses with a premier waterfront address, a 24-hour live-work-play environment and seamless public transport and pedestrian connectivity. — ST PHOTO: DESMOND FOO

TO SUPPORT the future growth of Marina Bay, the government will invest another $1 billion in infrastructure works over the next 10 to 15 years, on top of the $7.5 billion already pumped into the area, National Development Minister Mah Bow Tan announced on Wednesday.

Calling it ‘a sound investment and a vote of confidence’, Mr Mah said the new business and financial district in Marina Bay reflects the government’s commitment towards supporting the needs of international financial institutions. Continue reading →

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Posted in Property Market / Real Estate

Tagged IR, Marina Bay, Singapore Property Market, Singapore Real Estate

Keppel to develop eco-homes in Tianjin Eco-City for S$148.5 million

Posted on 29 Jul 2009 | Comments Off

Keppel to develop eco-homes in Tianjin Eco-City for S$148.5 million

by Khalil Adis

Singapore´s Keppel Corporation Limited and Keppel Land Limited have revealed that they will take up interests of 45 percent and 55 percent respectively in a 36.8-ha site located in the 4-sq km Start-Up Area of the Sino-Singapore Tianjin Eco-City for a total investment of RMB705 million (approximately S$148.5 million).

Keppel Land has been appointed the project manager for the development of the site which it said will be carried out in phases.

The site is expected to yield about 5, 000 homes in total as well as commercial developments including office and retail with a total Gross Floor Area (GFA) of about 680, 000 sq m. Continue reading →