CapitaGreen in Singapore CBD to be completed by 2014

CapitaLand expects a 20% saving in construction time in reducing the normal completion period of 39 to 40 months to 32 months.

According to a release, CapitaLand, CapitaCommercial Trust and Mitsubishi Estate Asia, the joint venture partners for the redevelopment of Market Street Car Park into a new iconic Grade A office tower announced that the development schedule has crossed a milestone and is on track to complete by the fourth quarter of 2014.

Demolition of the car park was completed in December 2011 and this morning, a ground-breaking ceremony was held at the Market Street site to signify that construction has begun. A new name for the development, “CapitaGreen”, was unveiled at the groundbreaking event, together with a change of address to 138 Market Street. The ground-breaking ceremony was graced by Minister of State for National Development and Manpower, Mr Tan Chuan-Jin.

Improving Productivity in the Construction Industry

In order to improve the construction productivity in this mega project, the project is awarded to Takenaka Corporation, a design-and-build contractor. We envisage a 20% saving in construction time in reducing the normal completion period of 39 to 40 months to 32 months.

CapitaGreen has a net lettable area of about 700,000 square feet, with a typical floor plate ranging from 20,000 square feet to 25,000 square feet. There will be greenery on every floor, sky terraces on two levels, and a roof garden with a restaurant nestled among the trees for a “sky forest” dining experience. 

The ground floor will feature a sheltered public plaza with art sculptures. With the inclusion of numerous state-of-the-art energy-saving features, the completed office tower is designed to achieve the Green Mark Platinum award, the highest accolade in recognising environmentally-friendly buildings from the Building & Construction Authority of Singapore.

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Tags: CapitaLand, CapitaGreen, 138 Market Street