Monday, October 20, 2008

Marina Bay Financial Centre

The Marina Bay Financial Centre (AbbreviationMBFCChinese滨海湾金融中心pinyin: Bīnhǎiwān Jīnróng Zhōngxīn), located along Marina Boulevard at Marina BaySingapore, is a multi-phase development with its first phase targeted for completion by 2010. The largest office development to date in the city in terms of gross floor area when fully completed, its first phase will comprise of three towers, of which two are office buildings at 42 and 36 floors each, and the third residential tower,Marina Bay Residences, will rise to 55 floors and house 428 units.

The development will be constructed on a 3.55 hectare site by BFC Development, a joint venture between Cheung Kong HoldingsHong Kong Land and Keppel Land. BFC Development was awarded the site for S$1.1 billion and construction costs are estimated to be S$900 million. 150,000 square feet of grade A office space will be added, doubling Singapore's current figure.