Tag Archives: World

MBFC: New financial centre reaches a milestone

THE first of three towers at the Marina Bay Financial Centre (MBFC) was topped out yesterday, marking a key step in the giant project’s progress.

Topping out occurs when the last steel beam is placed at the top of a building – an event that often calls for a celebration.

Yesterday’s ceremony involved a 1.3-tonne beam bearing signatures of the major players – including key tenants, the joint venture partners and National Development Minister Mah Bow Tan – hoisted to the 33rd floor.

Mr Mah, who was the guest of honour, said the occasion was a milestone in realising Singapore’s vision for Marina Bay.

He said the project will add to the critical mass of the area and enhance Singapore’s skyline. Continue reading

Property developers celebrate Tower One topping out

KEPPEL Land, Cheung Kong (Holdings) and Hongkong Land jointly celebrated the topping out of Tower One at Marina Bay Financial Centre (MBFC) yesterday. National Development Minister Mah Bow Tan was guest of honour at the event.

Tower One achieved a 100 per cent pre-commitment rate when it was launched in 2007. Standard Chartered Bank is an anchor tenant and will be taking up 500,000 sq ft of office space. The 33-storey building will obtain its temporary occupation permit next year.

Towers Two and Three have secured pre-commitment rates of around 45 per cent and 55 per cent respectively. This translates to a pre-commitment rate of 61 per cent for the first two phases of MBFC. Continue reading