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March 6, 2014updated 07 Dec 2021 6:12am

Comtech building reconstruction starts in Singapore

Construction has started on the S$350m ($276m) redevelopment of the Comtech commercial building in Singapore.

Construction has started on the S$350m ($276m) redevelopment of the Comtech commercial building in Singapore.

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Mott MacDonald is serving as the project’s building services consultant, on behalf of Mapletree Business City (MBC).

The redevelopment of the Comtech building will include the construction of a new 30-storey tower with three stepped podium blocks, providing about 125,000m² of floor area.

The project forms the second and final phase of the MBC integrated business hub, which is designed to revitalise Singapore’s Alexandra precinct.

“The project recently obtained Green Mark Platinum certification, Singapore’s highest sustainability award.”

Other components include a business park and retail space, office and meeting facilities, restaurants and cafes and a gymnasium with a heated pool.

MBC will feature one office tower, two business space towers and an amenities/retail block, which will all be connected by covered linkways.

Mott MacDonald said the MBC development, which is located at the fringe of the central business district, is designed to support, enhance and exceed the needs of modern businesses.

Mott MacDonald project director CheeChuan Tan said that the redeveloped complex will be a business park space with high floor plate efficiency.

“The project recently obtained Green Mark Platinum certification, Singapore’s highest sustainability award. This was achieved thanks to a predicted 30% energy saving through the use of efficient chiller plants and lighting,” Tan said.

Construction is expected to be completed in the first half of 2016.

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Free Report
img

Assess the market with our Construction Risk Index (CRI)

The global construction industry is in the process of recovering from the unprecedented disruption caused by the COVID-19 pandemic, due largely to the policies enacted to contain the spread of the virus. Although recovery is underway, there are still major risks stemming from new waves of COVID-19 infections and the reintroduction of restrictions on economic activity. Nevertheless, GlobalData predicts global construction output to grow by 5.3% this year. Global recovery in the construction industry will be far from uniform, and GlobalData’s Construction Risk Index (CRI) provides a standardized view of the country-level risks facing the construction industries in 92 major developed and emerging markets around the world. The CRI focuses on 4 key risk pillars, these being:
  • Financial risk
  • Political risk
  • Economic risk
  • Market risk
In the latest update of the CRI, the model has been adjusted so that certain elements of economic and market risk assess a country’s performance relative to its pre-Covid-19 setting, so to give the most accurate assessment. Check out our Construction Risk Index to get a complete view of the current market in the wake of COVID-19 disruptions, and best position yourself for the future.
by GlobalData
Enter your details here to receive your free Report.

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