CONTENTS
HOME
OUR PARTNERS - Building Linkages, Leveraging Partnerships
WORKING WITH CENTRAL BANKS AND FELLOW REGULATORS
WORKING WITH INDUSTRY
 
WORKING WITH INDUSTRY 47
 
Box Story 8 - Seventh International Advisory Panel Meeting 47
 
Opening of Singapore Exchange Beijing Representative Office 48
 
ABS BCM Standing Committee 49
 
Building a World Class Talent Pool for Singapore's Financial Sector 50
 
Attracting Financial Talent 50
 
Box Story 9 - Finance Scholarship Programme and Doctorate Scholarship Programme 51
 
Educating Consumers to Beware of Bogus Investment Opportunities and Scams 52
 
Box Story 10 - Skit- Money Got Enough! 53
 
FIDReC-NIMA Scheme 53
 
Box Story 11 - Marina Bay Business and Financial Centre 54
 
Financial Conferences And Events 55
 

Box Story 11: Marina Bay Business and Financial Centre

Marina Bay Business and Financial Centre. © Urban Redevelopment Authority. All rights reserved.

The Government has recently announced initiatives to double the size of its business and financial district as part of its plans to meet the increased demand for office space by financial institutions. This includes developing the Marina Bay area to facilitate the seamless extension of the existing business and financial district at Raffles Place, Shenton Way and Tanjong Pagar. Over a span of more than 15 years, the development of the 85 hectare site identified for the new growth area will see the addition of around 2.82 million square metres of office space. With stateof- the-art Grade A office spaces within a lively waterfront area, Marina Bay will add to the vibrancy of the business and financial district.

The Government has also implemented temporary measures to alleviate the current office space crunch. These measures include sites designated for transitional offices, release of vacant state properties for private sector use, and developing new business park space for financial institutions' mid/backoffice operations. Selected government agencies will also vacate their Central Bay Busines District offices by 1Q 2009, giving up some 20,000 sqm of grade A office space for private sector users.

These measures have been welcomed by the financial community in Singapore, with many major banks making plans for expansion into the new Marina Bay area, as well as relocating some of their mid/backoffice operations to suburban sites such as Changi Business Park and Alexandra Business Park areas. Over the next two years, we can expect to see a more vibrant financial district spanning a larger area and offering exciting lifestyle options for the community.

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