Cycling network in the city

A more walkable and bike friendly civic district is in the plan. Two of Bencoolen Street’s four original car lanes have been converted into footpaths for pedestrians and a cycling path. Sheltered linkways now connect bus stops and the Bras Basah MRT station to nearby developments such as Manulife Centre and the Nanyang Academy of Fine Arts (Nafa).

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Law of encroachment at The Sail @ Marina Bay

The Sail Management went to court to settle the encroachment issue where the business operator at The Sail @ Marina Bay put chairs, tables and other objects in the common of the condominium. The encroachment rule seem a bit grey before the Management challenge the business operator in court. Now the The Sail Management has done a Good Job in setting a precedence in the law of encroachment of common areas in condominiums especially those mixed-use developments.

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Straits Times

Tanjong Pagar Railway Station to open one last time for Christmas

Fans of Tanjong Pagar Railway Station can look forward to an open house on Dec 25 2016. After this, the iconic building will be closed to public until the Cantonment MRT is completed in 2025. It is expected that the original Tanjong Pagar Railway Station will be integrated into the Cantonment MRT Station when it is completed.

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Don’t miss it this Christmas! Or you’ll have to wait another 8 years before you can step into Tanjong Pagar Railway Station again.

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Straits Times

Golden Shoe Car Park slated for redevelopment

The biggest car park in the Central Business District is slated for redevelopment in the second half of next year. Besides being a big carpark, Golden Shoe Car Park is also popular for it’s cheap and good hawker food in the CBD. Golden Shoe Car Park will be missed by many.

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The redevelopment work of Golden Shoe Car Park is expected to start in mid 2017 and to be completed in 2021. It is expected to yield one million square feet of Grade A office space and the building is among the tallest in Singapore at 280m in height when completed. Besides office space, a hawker is expected to be housed in the new development.

Straits Times

Central Boulevard Site Gets Record Bid From Malaysia Group

The first land sold in Singapore’s Marina Bay in nine years fetched a record price for a government land sale, with a Malaysian-led group bidding S$2.6 billion ($1.9 billion).

The price is equivalent to S$1,689 per square foot of gross floor area, topping the S$1,409 per square foot paid in 2007 for the Asia Square Tower 1 site, according to CBRE Group Inc.

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The top bid is a very bullish call on the Singapore office market. All the bids are higher than the market expectations of between S$1.3 billion and S$1.8 billion, which is a reflection of the steady restoration of investors’ confidence in the office market.

Christine Li, director of research at Cushman & Wakefield Inc. in Singapore.

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Source:

The Business Times

Tanjong Pagar Centre obtains TOP

Tanjong Pagar Centre claims the title of the tallest building in Singapore. At 290m, Tanjong Pagar Centre will tower over the central business district, displacing UOB Plaza One, One Raffles Place and Republic Plaza, which had jointly held the title. The three buildings are about 280m tall – One Raffles Place was completed in 1988, UOB Plaza One in 1992 and Republic Plaza in 1995.

singapore-tallest-buildings

The 64-storey development, which cost $3.2 billion, comprises Guoco Tower, or 890,000 sq ft of Grade A office space; 100,000 sq ft of retail and food and beverage space; a 100,000 sq ft urban park; a 181-unit luxury residential component Wallich Residence; and the 222-room Sofitel Singapore City Centre hotel.

GuocoLand has secured temporary occupation permit (TOP) for its office tower, Guoco Tower, and the basement retail component of Tanjong Pagar Centre.

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Source: The Edge Property

Past Government Land Sales at Marina Bay

For the records, the following is the summary of the past GLS transacted at Marina Bay.

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Source: URA