Qatar sovereign wealth fund to buy Asia Square Tower 1 for record S$3.4b
The sale of the 43-storey office building to Qatar Investment Authority is the largest-ever single-tower real estate deal in the Asia-Pacific region.
Posted 06 Jun 2016 10:28 Updated 06 Jun 2016 12:05
SINGAPORE: BlackRock has agreed to sell a 43-storey office building in Singapore to Qatar Investment Authority, a sovereign wealth fund, for S$3.4 billion, in what the US firm said was the largest-ever single-tower real estate deal in the Asia-Pacific region.
Asia Square Tower 1, located along Marina View at Marina Bay, has more than 1.25 million square feet of net lettable area and has Citigroup as its anchor tenant, BlackRock and Qatar Investment Authority said in a joint statement.
BlackRock was advised by real estate consultant firms JLL and CBRE.
"Following this flagship transaction, we expect there will be increasing investor interest in Singapore prime office stock in the coming months," Greg Hyland, head of capital markets Singapore at JLL, said in a separate statement.
The sale comes as vacancy rates in Singapore's office property sector are nearing their highest level in almost a decade, with the supply of commercial space set to increase amid slowing economic growth.
Developers are set to add 4 million square feet of office space in Singapore this year and another 1.4 million next year, said Nicholas Mak, executive director at SLP International Property Consultants.
BlackRock also owns a second tower in the Asia Square development.
(Reporting by Aradhana Aravindan; Editing by Kenneth Maxwell and Edwina Gibbs)
- Reuters/cy
- wong chee tat :)
Showing posts with label Marina Bay. Show all posts
Showing posts with label Marina Bay. Show all posts
Monday, June 6, 2016
Thursday, June 27, 2013
Singapore's office rental market expected to go up
Singapore's office rental market expected to go up
By Toni Waterman
POSTED: 26 Jun 2013 11:24 PM
Singapore's office rental market is on the rebound after bottoming out in the last quarter of 2012, according to Cushman & Wakefield.
SINGAPORE: Singapore's office rental market is on the rebound after bottoming out in the last quarter of 2012, according to Cushman & Wakefield.
In its quarterly office market report, the real estate firm said rents are on the rise and vacancies are drying up, though not all office buildings are sharing the comeback.
Cushman & Wakefield's latest office market report showed that the average rent in prime Grade A locations was up 4.2 per cent in the second quarter, from a quarter earlier, hitting S$9.03 a square foot per month.
That was up from S$8.99 per square foot per month in the first quarter of this year.
Sigrid Zialcita, managing director of research for the Asia Pacific at Cushman & Wakefield, said: "We are expecting rents to go up across the board on the back of very solid demand.
"We're not going to see the spikes we've seen in the 2007-2008 time frame, where rents went as high as S$18-S$19 a foot."
The report showed that all the CBD submarkets saw average rents appreciate, with Marina Bay and Shenton Way seeing a 9 per cent rise in rents. In the fringe area, Orchard Road's average rents moved up by around 4.6 per cent quarter-on-quarter.
The average rent in the suburban submarket rose slightly -- by 1.3 per cent quarter-on-quarter -- to S$5.64 psf per month.
Vacancy rates for Grade A office space is also improving -- dropping to 3.7 per cent in the second quarter from 5.0 per cent in the first quarter.
Vacancies at Marina Bay shrank to 3.6 per cent in Q2, from 5.6 per cent a quarter ago and 12.1 per cent a year ago. Raffles Place had an overall vacancy rate of 5.5 per cent, while Shenton Way's vacancy rate stood at 4.9 per cent.
Experts said diversity in the tenant pool has helped fill the office space.
"Long gone are purely financial institutions," said Desmond Sim, associate director of CBRE Research. "You have complimentary services like insurance, you've got legal all coming in to take up Grade A stock within Marina Bay and Raffles Place."
Also helping the office rental market is the limited new supply coming to the market.
Mr Sim said: "This year, we have the Asia Square Tower II coming on stream. Next year, we have CapitaGreen that will come on stream. Then we actually have a break of no Grade A product coming in 2015.
"So if someone is trying to take advantage of the current low Grade A rents, they might realize the Grade A stock coming online is quite limited."
One place where vacancies are not falling is in the suburbs, where vacancies are expected to rise to over 8 per cent through 2014.
The suburban vacancy rate was 2.7 per cent in 2012, and is expected to rise to 6.0 per cent this year and hit 8.2 per cent in 2014.
Sigrid Zialcita said: "In the suburbs, we're going to see some massive projects delivered and add space, but again we don't think it's a huge concern for the market because the take up we've seen has been brisk, and going forward we see very healthy leasing occurring in this properties."
There will be more options, but not necessarily better prices, as experts said despite rising vacancies, rental rates in the suburbs will remain stable at around S$5.50 per square foot this year to 2014.
- CNA/al
- wong chee tat :)
By Toni Waterman
POSTED: 26 Jun 2013 11:24 PM
Singapore's office rental market is on the rebound after bottoming out in the last quarter of 2012, according to Cushman & Wakefield.
SINGAPORE: Singapore's office rental market is on the rebound after bottoming out in the last quarter of 2012, according to Cushman & Wakefield.
In its quarterly office market report, the real estate firm said rents are on the rise and vacancies are drying up, though not all office buildings are sharing the comeback.
Cushman & Wakefield's latest office market report showed that the average rent in prime Grade A locations was up 4.2 per cent in the second quarter, from a quarter earlier, hitting S$9.03 a square foot per month.
That was up from S$8.99 per square foot per month in the first quarter of this year.
Sigrid Zialcita, managing director of research for the Asia Pacific at Cushman & Wakefield, said: "We are expecting rents to go up across the board on the back of very solid demand.
"We're not going to see the spikes we've seen in the 2007-2008 time frame, where rents went as high as S$18-S$19 a foot."
The report showed that all the CBD submarkets saw average rents appreciate, with Marina Bay and Shenton Way seeing a 9 per cent rise in rents. In the fringe area, Orchard Road's average rents moved up by around 4.6 per cent quarter-on-quarter.
The average rent in the suburban submarket rose slightly -- by 1.3 per cent quarter-on-quarter -- to S$5.64 psf per month.
Vacancy rates for Grade A office space is also improving -- dropping to 3.7 per cent in the second quarter from 5.0 per cent in the first quarter.
Vacancies at Marina Bay shrank to 3.6 per cent in Q2, from 5.6 per cent a quarter ago and 12.1 per cent a year ago. Raffles Place had an overall vacancy rate of 5.5 per cent, while Shenton Way's vacancy rate stood at 4.9 per cent.
Experts said diversity in the tenant pool has helped fill the office space.
"Long gone are purely financial institutions," said Desmond Sim, associate director of CBRE Research. "You have complimentary services like insurance, you've got legal all coming in to take up Grade A stock within Marina Bay and Raffles Place."
Also helping the office rental market is the limited new supply coming to the market.
Mr Sim said: "This year, we have the Asia Square Tower II coming on stream. Next year, we have CapitaGreen that will come on stream. Then we actually have a break of no Grade A product coming in 2015.
"So if someone is trying to take advantage of the current low Grade A rents, they might realize the Grade A stock coming online is quite limited."
One place where vacancies are not falling is in the suburbs, where vacancies are expected to rise to over 8 per cent through 2014.
The suburban vacancy rate was 2.7 per cent in 2012, and is expected to rise to 6.0 per cent this year and hit 8.2 per cent in 2014.
Sigrid Zialcita said: "In the suburbs, we're going to see some massive projects delivered and add space, but again we don't think it's a huge concern for the market because the take up we've seen has been brisk, and going forward we see very healthy leasing occurring in this properties."
There will be more options, but not necessarily better prices, as experts said despite rising vacancies, rental rates in the suburbs will remain stable at around S$5.50 per square foot this year to 2014.
- CNA/al
- wong chee tat :)
Wednesday, February 20, 2013
Marina One set to raise bar for future integrated developments
Marina One set to raise bar for future integrated developments
By Saifulbahri Ismail | Posted: 19 February 2013 1515 hrs
SINGAPORE: The Marina One mixed-use development in the heart of Singapore's Central Business District (CBD) will be a coveted business and lifestyle destination that will raise the bar for integrated developments and act as a catalyst to attract and grow new businesses.
That is the vision of M+S, a joint venture company owned by Malaysia's Khazanah Holdings Bhd and Singapore's Temasek Holdings, that is working on the landmark project.
M+S also said Marina One, designed by world renowned architect Christoph Ingenhoven, marks a brand new chapter in the Marina Bay Masterplan.
Its design was unveiled on Tuesday by Singapore's Prime Minister Lee Hsien Loong and his Malaysian counterpart, Mr Najib Razak, who are holding their Leaders' Retreat.
M+S said Marina One will be completed in 2017, with a gross floor area of 3.67 million square feet and is valued at S$7 billion.
It consists of Marina One Residences, Marina One Offices as well as a retail podium.
Marina One Residences comprises two towers of 1,042 luxury city residences, ranging from one- to four- bedroom units, including penthouses. These will be launched in the second half of the year.
Marina One Offices -- with east and west towers -- offer 1.88 million square feet of prime office space.
Its crown jewels will be two 100,000 square feet office floor plates, one of the largest in Asia.
Marina One will also have a retail podium called The Heart, which will also serve as a sanctuary and green space.
The development will also incorporate a unique garden ecosystem by landscape architect Gustafson Porter, best known for their world-class design of Singapore's Bay East, Gardens by the Bay.
PM Lee said he is happy to see the bricks and mortar starting to come up on site.
He added: "It's going to be an iconic project in the middle of our new business district for many, many more years to come. This is a project that both countries will be proud of and which will thrive and prosper in our city and friendship."
Mr Najib said he is excited to see the design for himself.
"I think it's a wonderful design. I think we have a real winner in this Marina One and it will certainly fulfil our expectations... A landmark, an iconic building and what we see today is the beginning of that iconic building," he added.
The two leaders were also briefed on the progress of the other joint project located near Kampong Glam.
The project, called DUO, includes office, residential and hotel components.
It sits on 160,000 square metres of land and is valued at S$4 billion.
The DUO and Marina One are part of six land parcels jointly developed by Singapore and Malaysia under a land swop deal agreed on in 2010.
- CNA/al/sf/ir
- wong chee tat :)
By Saifulbahri Ismail | Posted: 19 February 2013 1515 hrs
SINGAPORE: The Marina One mixed-use development in the heart of Singapore's Central Business District (CBD) will be a coveted business and lifestyle destination that will raise the bar for integrated developments and act as a catalyst to attract and grow new businesses.
That is the vision of M+S, a joint venture company owned by Malaysia's Khazanah Holdings Bhd and Singapore's Temasek Holdings, that is working on the landmark project.
M+S also said Marina One, designed by world renowned architect Christoph Ingenhoven, marks a brand new chapter in the Marina Bay Masterplan.
Its design was unveiled on Tuesday by Singapore's Prime Minister Lee Hsien Loong and his Malaysian counterpart, Mr Najib Razak, who are holding their Leaders' Retreat.
M+S said Marina One will be completed in 2017, with a gross floor area of 3.67 million square feet and is valued at S$7 billion.
It consists of Marina One Residences, Marina One Offices as well as a retail podium.
Marina One Residences comprises two towers of 1,042 luxury city residences, ranging from one- to four- bedroom units, including penthouses. These will be launched in the second half of the year.
Marina One Offices -- with east and west towers -- offer 1.88 million square feet of prime office space.
Its crown jewels will be two 100,000 square feet office floor plates, one of the largest in Asia.
Marina One will also have a retail podium called The Heart, which will also serve as a sanctuary and green space.
The development will also incorporate a unique garden ecosystem by landscape architect Gustafson Porter, best known for their world-class design of Singapore's Bay East, Gardens by the Bay.
PM Lee said he is happy to see the bricks and mortar starting to come up on site.
He added: "It's going to be an iconic project in the middle of our new business district for many, many more years to come. This is a project that both countries will be proud of and which will thrive and prosper in our city and friendship."
Mr Najib said he is excited to see the design for himself.
"I think it's a wonderful design. I think we have a real winner in this Marina One and it will certainly fulfil our expectations... A landmark, an iconic building and what we see today is the beginning of that iconic building," he added.
The two leaders were also briefed on the progress of the other joint project located near Kampong Glam.
The project, called DUO, includes office, residential and hotel components.
It sits on 160,000 square metres of land and is valued at S$4 billion.
The DUO and Marina One are part of six land parcels jointly developed by Singapore and Malaysia under a land swop deal agreed on in 2010.
- CNA/al/sf/ir
- wong chee tat :)
Tuesday, January 15, 2013
Temporary sheltered linkways to be provided at Marina Bay
Temporary sheltered linkways to be provided at Marina Bay
Posted: 14 January 2013 2316 hrs
SINGAPORE: The Land Transport Authority (LTA) will be providing temporary sheltered pedestrian linkways along the roads between Marina Bay Financial Centre and Marina Bay Station.
Transport Minister Lui Tuck Yew said this in response to Mr Gan Thiam Poh's parliamentary question on whether the transport ministry will provide a sheltered or underground pedestrian walkway.
Mr Lui addded that the Urban Redevelopment Authority plans to build an extensive underground pedestrian network (UPN).
This is to link the developments in Marina Bay to the nearby MRT stations, including Marina Bay Station.
- CNA/xq
- wong chee tat :)
Posted: 14 January 2013 2316 hrs
SINGAPORE: The Land Transport Authority (LTA) will be providing temporary sheltered pedestrian linkways along the roads between Marina Bay Financial Centre and Marina Bay Station.
Transport Minister Lui Tuck Yew said this in response to Mr Gan Thiam Poh's parliamentary question on whether the transport ministry will provide a sheltered or underground pedestrian walkway.
Mr Lui addded that the Urban Redevelopment Authority plans to build an extensive underground pedestrian network (UPN).
This is to link the developments in Marina Bay to the nearby MRT stations, including Marina Bay Station.
- CNA/xq
- wong chee tat :)
Monday, December 10, 2012
DBS to buy stake in MBFC Tower 3
DBS to buy stake in MBFC Tower 3
Posted: 10 December 2012 1154 hrs
SINGAPORE: DBS Group on Monday announced plans to acquire a stake in Marina Bay Financial Centre Tower 3 (MBFC), where the bank's headquarters is located.
In a filing with the Singapore Exchange, the bank said it will pay S$1.035 billion for a 30 per cent share in Central Boulevard Development Pte Ltd - a joint venture of Cheung Kong (Holdings) Ltd and Hutchison Whampoa Ltd.
DBS also has an option to take up another 3.3 per cent interest in the development for an estimated S$115 million.
MBFC Tower 3 is a 46-storey Grade A office building with about 1.35 million square feet (sq ft) of net lettable area. DBS is the anchor tenant at the tower, occupying over 600,000 sq ft or 18 floors of space.
DBS Chief Executive Piyush Gupta said: "The decision to acquire a stake in our new headquarters in MBFC Tower 3 enables us to better manage our occupancy costs in the long-term.
"The Marina Bay area is a location of choice for top financial institutions and businesses and the desirability and value of being housed here is only going to grow as Singapore strengthens its position as a leading Asian financial hub."
- CNA/ck
- wong chee tat :)
Posted: 10 December 2012 1154 hrs
SINGAPORE: DBS Group on Monday announced plans to acquire a stake in Marina Bay Financial Centre Tower 3 (MBFC), where the bank's headquarters is located.
In a filing with the Singapore Exchange, the bank said it will pay S$1.035 billion for a 30 per cent share in Central Boulevard Development Pte Ltd - a joint venture of Cheung Kong (Holdings) Ltd and Hutchison Whampoa Ltd.
DBS also has an option to take up another 3.3 per cent interest in the development for an estimated S$115 million.
MBFC Tower 3 is a 46-storey Grade A office building with about 1.35 million square feet (sq ft) of net lettable area. DBS is the anchor tenant at the tower, occupying over 600,000 sq ft or 18 floors of space.
DBS Chief Executive Piyush Gupta said: "The decision to acquire a stake in our new headquarters in MBFC Tower 3 enables us to better manage our occupancy costs in the long-term.
"The Marina Bay area is a location of choice for top financial institutions and businesses and the desirability and value of being housed here is only going to grow as Singapore strengthens its position as a leading Asian financial hub."
- CNA/ck
- wong chee tat :)
Sunday, December 2, 2012
PSY's job is to "Gangnam Style" all day and every day
PSY's job is to "Gangnam Style" all day and every day
By Francine Lim, channelnewsasia.com | Posted: 02 December 2012 0009 hrs
SINGAPORE: South Korean sensation PSY was nothing but PSYched to perform his first concert in Singapore as part of a whirlwind concert tour.
The YouTube sensation PSY whose real name is Park Jae-Sang, hit the stage for a special Marina Bay Sands (MBS) "Give Back to Singapore" public show, just hours after landing in Singapore on Saturday afternoon.
The crowd at the MBS Event Plaza had to wait a while for the appearance of the "Gangnam Style" star who had a week's worth of activities around Asia.
"I get tired because of all the requests, an average (of) fifty requests per country, but still the dance allows me to come here," said PSY with a wry smile as he faced the eager media.
"I get tired but I gotta do it," he added.
"Sometimes, honestly, yes, I get tired or I get sick of it because I got so many requests to teach them," said the South Korean singer who was clad in a black suit and his trademark sunglasses.
But PSY said that despite the many times he has performed the number, he still "really like the dance."
This week alone, the South Korean sensation was whoop-whooping in Bangkok at the "Gangnam Style Thailand Extra Live" concert to commemorate the Thai King's 85th birthday, before heading up to Hong Kong where he brought the house down at the 2012 MNet Asian Music Awards (MAMA).
The annual award show saw PSY taking home four awards, including the Favourite International Artist, Best Music Video, Best Dance Performance Solo and Song of the Year, so naysayers who believe that "Gangnam Style" is just a one-hit wonder with a chubby man horsing around, need to think again.
"Usually K-Pop is known for their boy bands and girl bands and most of them are really skinny and I'm not skinny. I am proud to get big fame with this body!" said PSY when he met the media before his show at MBS.
"In the last three days, I've traveled three countries, so the schedule is really tight. But I never lost the weight! " he chuckled.
The 34-year-old star, who made YouTube history with his "Gangnam Style" music video clocking over 850 million views to become the most-watched video of all time on the site, still remains pretty grounded, even with his latest honour -- a nomination in the People's Choice category of Time magazine's Person of the Year 2012 contest.
"I'm really honoured to be a candidate...(but) I'm just doing my job," declared PSY while expressing his surprise at the nomination.
With other newsmakers such as US President Barack Obama, China's Communist Party head Xi Jinping and North Korean leader Kim Jong-Un also nominated for the same award, PSY played down his chances of topping that chart.
"I feel really strange and weird (as to) why I'm there," he said.
"It's not going to happen, I think, and I don't deserve that much. I just did my job," added PSY, who is currently fourth in the online rankings out of 40 candidates.
- CNA/AFP/sf
- wong chee tat :)
By Francine Lim, channelnewsasia.com | Posted: 02 December 2012 0009 hrs
SINGAPORE: South Korean sensation PSY was nothing but PSYched to perform his first concert in Singapore as part of a whirlwind concert tour.
The YouTube sensation PSY whose real name is Park Jae-Sang, hit the stage for a special Marina Bay Sands (MBS) "Give Back to Singapore" public show, just hours after landing in Singapore on Saturday afternoon.
The crowd at the MBS Event Plaza had to wait a while for the appearance of the "Gangnam Style" star who had a week's worth of activities around Asia.
"I get tired because of all the requests, an average (of) fifty requests per country, but still the dance allows me to come here," said PSY with a wry smile as he faced the eager media.
"I get tired but I gotta do it," he added.
"Sometimes, honestly, yes, I get tired or I get sick of it because I got so many requests to teach them," said the South Korean singer who was clad in a black suit and his trademark sunglasses.
But PSY said that despite the many times he has performed the number, he still "really like the dance."
This week alone, the South Korean sensation was whoop-whooping in Bangkok at the "Gangnam Style Thailand Extra Live" concert to commemorate the Thai King's 85th birthday, before heading up to Hong Kong where he brought the house down at the 2012 MNet Asian Music Awards (MAMA).
The annual award show saw PSY taking home four awards, including the Favourite International Artist, Best Music Video, Best Dance Performance Solo and Song of the Year, so naysayers who believe that "Gangnam Style" is just a one-hit wonder with a chubby man horsing around, need to think again.
"Usually K-Pop is known for their boy bands and girl bands and most of them are really skinny and I'm not skinny. I am proud to get big fame with this body!" said PSY when he met the media before his show at MBS.
"In the last three days, I've traveled three countries, so the schedule is really tight. But I never lost the weight! " he chuckled.
The 34-year-old star, who made YouTube history with his "Gangnam Style" music video clocking over 850 million views to become the most-watched video of all time on the site, still remains pretty grounded, even with his latest honour -- a nomination in the People's Choice category of Time magazine's Person of the Year 2012 contest.
"I'm really honoured to be a candidate...(but) I'm just doing my job," declared PSY while expressing his surprise at the nomination.
With other newsmakers such as US President Barack Obama, China's Communist Party head Xi Jinping and North Korean leader Kim Jong-Un also nominated for the same award, PSY played down his chances of topping that chart.
"I feel really strange and weird (as to) why I'm there," he said.
"It's not going to happen, I think, and I don't deserve that much. I just did my job," added PSY, who is currently fourth in the online rankings out of 40 candidates.
- CNA/AFP/sf
- wong chee tat :)
Tuesday, July 26, 2011
Grade A office properties command respectable take up rates
Grade A office properties command respectable take up rates
By Linette Lim | Posted: 26 July 2011 2110 hrs
SINGAPORE: Grade A office properties in the Marina Bay and Raffles Place vicinity have been commanding respectable take-up rates.
Overseas Union Enterprise's OUE Bayfront, which obtained its temporary occupancy permit (TOP) in January, has committed leases of 77 per cent of its 500,000 square feet of net lettable area.
OUE said that its latest tenants include international law firm Hogan Lovells International and Union Bancaire Privee.
Just across the road, Ocean Financial Centre Phase 1 has an occupancy rate of 82.6 per cent. The building received its TOP in April and has 850,000 square feet of office space.
"It would have been easy for these buildings to rent out all its space but the issue here is to maintain its rents at a certain rate," said Donald Han, vice-chairman, Cushman & Wakefield, adding that the rents in these buildings are likely to "cross S$13 per square foot".
Mr Han also said that so far, office rents have grown about six per cent per quarter. He expects this to slow to three to four per cent as tenants move to newly completed buildings in the Marina Bay area, resulting in vacancies in older ones.
With more office space coming up around the Marina Bayfront area some wonder if older buildings around Raffles Place could see tenants migrate.
For now, though, this seems unlikely.
"Raffles Place will still hold its own. This is because of the clustering effect there, transportation and its reputation," said Nicholas Mak, executive director fo research & consultancy at SLP International.
-CNA/ac
- wong chee tat :)
By Linette Lim | Posted: 26 July 2011 2110 hrs
SINGAPORE: Grade A office properties in the Marina Bay and Raffles Place vicinity have been commanding respectable take-up rates.
Overseas Union Enterprise's OUE Bayfront, which obtained its temporary occupancy permit (TOP) in January, has committed leases of 77 per cent of its 500,000 square feet of net lettable area.
OUE said that its latest tenants include international law firm Hogan Lovells International and Union Bancaire Privee.
Just across the road, Ocean Financial Centre Phase 1 has an occupancy rate of 82.6 per cent. The building received its TOP in April and has 850,000 square feet of office space.
"It would have been easy for these buildings to rent out all its space but the issue here is to maintain its rents at a certain rate," said Donald Han, vice-chairman, Cushman & Wakefield, adding that the rents in these buildings are likely to "cross S$13 per square foot".
Mr Han also said that so far, office rents have grown about six per cent per quarter. He expects this to slow to three to four per cent as tenants move to newly completed buildings in the Marina Bay area, resulting in vacancies in older ones.
With more office space coming up around the Marina Bayfront area some wonder if older buildings around Raffles Place could see tenants migrate.
For now, though, this seems unlikely.
"Raffles Place will still hold its own. This is because of the clustering effect there, transportation and its reputation," said Nicholas Mak, executive director fo research & consultancy at SLP International.
-CNA/ac
- wong chee tat :)
Sunday, April 25, 2010
Bayfront Bridge opens, allows direct link between Marina Centre & Marina South
Bayfront Bridge opens, allows direct link between Marina Centre & Marina South
By Satish Cheney | Posted: 25 April 2010
SINGAPORE : The Bayfront Bridge at Marina Bay was officially opened to traffic on Sunday.
The bridge is next to the iconic The Helix pedestrian walkway which was officially opened to the public on Saturday night.
Vehicles were allowed onto the Bayfront Bridge at 3pm on Sunday.
The bridge provides a direct connection between Marina Centre and Marina South.
Many people also turned up to check out The Helix which is a world's first in terms of engineering design and architecture.
Pedestrians planning to cross from Marina Centre to the Bayfront area can also use The Helix to get to the Marina Bay Sands integrated resort from June.
- CNA/ms
- wong chee tat :)
By Satish Cheney | Posted: 25 April 2010
SINGAPORE : The Bayfront Bridge at Marina Bay was officially opened to traffic on Sunday.
The bridge is next to the iconic The Helix pedestrian walkway which was officially opened to the public on Saturday night.
Vehicles were allowed onto the Bayfront Bridge at 3pm on Sunday.
The bridge provides a direct connection between Marina Centre and Marina South.
Many people also turned up to check out The Helix which is a world's first in terms of engineering design and architecture.
Pedestrians planning to cross from Marina Centre to the Bayfront area can also use The Helix to get to the Marina Bay Sands integrated resort from June.
- CNA/ms
- wong chee tat :)
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