Marina Bay Development
Singapore Marina Bay
Anyone in Asia would have witnessed the total transformation of the tiny city state of Singapore from a third world country to the first over the past 40 years. As Singapore celebrates its 45th National Day, it is worthwhile to study the phenomenal facelift of its Marina Bay area.
Ranked as one of the richest countries in the world, Singapore is still continuing to transform, following the government’s vision to create a high-quality, 24/7 live-work-play environment, one that exudes the essence of the global city. One big focus currently is the Singapore Marina Bay, which Prime Minister Lee has labelled it as the “Bund” of Singapore, drawing comparison to the Bund of Shanghai.
Marina Bay
will double the size of the existing financial district when completed. This will further consolidate Singapore’s position as one of Asia’s leading financial hubs. It will provide an impressive 2.82 million square metres of commercial office space, equivalent to the office space within Hong Kong’s main business district, Central.
According to the URA of Singapore, in the planning of Marina Bay, specific focus was paid to creating value. The land parcels are located within a series of distinctive areas, each focusing around public open spaces and tree-lined streets which will provide signature address locations for the many developments.
Marina Bay Sands Integrated Resort
The recent opening of Marina Bay Sands Integrated Resort provided more entertainment options to the Singapore Marina Bay area. This definitely enhances the other existing entertainment and shopping facilities nearby like the Suntec City, Marina Square, Esplanade and Raffles City Shopping Centre. Singapore Marina Bay is designed to be a 24/7 destination with countless opportunities for people to explore new lifestyle options. Such initiatives definitely raise the property values around the Marina Bay area, such as The Sail at Marina Bay, Marina Bay Residences, One Shenton, Marina Bay Suites etc.
Marina Bay is Singapore’s most exciting and ambitious urban project so far. It will support Singapore’s continuing growth as a major business and financial hub in Asia. Set by the Singapore river’s edge and against Singapore’s signature city skyline as a backdrop, Marina Bay is envisioned to be a
Garden City by the Bay. A place where the Marina Bay residents and visitors are entertained by the Kaleidoscope of activities that center around the Marina Bay all year round.
Such relentless efforts by the government has undoubtedly increase the property values of the east Downtown Core, raising them to be on par with, if not higher than, the traditional prime districts of Bukit Timah and Orchard Road.
