The S$4-billion Marina Bay Financial Centre mega project is on target despite the global downturn. In a year, phase one of the Marina Bay Link Mall under the Centre will be up and running, with tenants moving into the offices above.
Raffles Quay Asset Management (RQAM), who has revealed plans to make the 176,000-square-foot mall a place to “Shop, Dine and Play”, said the response rate has been positive.
“So far, the take up rate has been very good,” said Wilson Kwong, chief executive officer of RQAM. “We are one year away from completion and we are honoured to have 45 per cent pre-commitments for phase one alone, not to mention that the office segments we have also received very good take up rates.”
Since no development can be complete without two favourites amongst Singaporeans – food and shopping – 40 per cent of the mall will be occupied by food and beverage shops, while the remaining will be retail outlets.
The first phase of the mall is scheduled to receive its temporary occupation permit by the second quarter of next year, while the second phase will be ready by the middle of 2012. Continue reading
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