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Singapore has long been described as one of Asia’s most thriving and cosmopolitan global cities.
Today, it is becoming more vibrant than ever as key areas are rejuvenated and energised with fresh ideas, whilst new initiatives are introduced to remake the very heart of the city - in the process creating bold new investment opportunities. Indeed, opportunities offered through the Government Land Sales Programme have been well-received by local and foreign investors alike.
One such project is Marina Bay, which has been dubbed as Singapore’s
most exciting and ambitions urban project to date, and one that will support its continuing growth as one of Asia’s major business and financial hubs. When completed, the developments in the upcoming financial district at Marina Bay will provide 3.32 million m2 of office space in addition to the existing office space at Raffles Place, the historic financial heart of Singapore. Bigger than Hong Kong’s Central, and twice the size of London’s Canary Wharf, Marina Bay is big business, and combines massive residential and entertainment developments connected by a network of promenades, plazas and bridges, including a new landmark pedestrian bridge, featuring the world’s first double-helix design.
Managed and developed by the Urban Redevelopment Authority, Singapore’s national land use and planning and conservation agency, Marina Bay is the result of a long-term expansion strategy of the city. Set on 360 hectares of prime real estate reclaimed from the sea in the 1970s, the development is the future heart of Singapore’s city centre and will extend from the existing Central Business District (CBD) at Raffles Place.
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Located just a short 20-minute drive from Singapore’s Changi Airport, and connected to major transit nodes and infrastructure services networks serving the area, Marina Bay is the result of planning within a flexible framework and a design featured around meeting the city’s changing needs and trends. With land parcels configured in regular blocks that will allow room for expansion, sub-division and the phasing of developments, Marina Bay is the result of long-term planning designed to provide a sophisticated infrastructure that will offer modern conveniences and reliable access to utilities provisions including ‘plug-and-play’ telecommunication and utilities networks, a district cooling system to ensure uninterrupted 24/7 operations and an established Wi-Fi infrastructure. Marina Barrage will also transform Marina Bay into Singapore’s first city reservoir, a vast 182-hectare body of water that will also serve as a spectacular venue for water-based recreational activities and an alternative mode of transportation around the Bay.
Dubbed as Asia’s new lifestyle epicentre, the development features a continuous waterfront promenade, as well as a comprehensive pedestrian network that includes shady sidewalks and covered walkways, as well as underground and second-storey links designed to ensure all-weather protection and seamless connectivity between developments and Singapore’s existing transportation systems.
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Prime office and mixed-use developments featuring high-quality office space, retail space at ground and basement levels, and luxury residential units at Marina Bay Financial Centre and Marina Bay Residences make it a hub for global business, while Marina Bay Sands, Singapore’s first integrated resort, will not only provide the prerequisite luxury retail, fine dining and casino gambling, but also three 50-storey hotels, one-million square feet of convention facilities, two 2,000-seat theatres, as well as a one-of-a-kind ArtScience Museum.
Already home to Singapore’s award-winning Esplanade – Theatres on the Bay and the 165-metre-high Singapore Flyer, there seems to be no end in sight to the attractions on offer, with new venues such as the 2.67-hectare waterfront Fullerton Heritage on the site of the former Collyer Quay and the Central Promontory site adding to the nucleus of entertainment, cultural and arts venues around the development.
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