Singapore Prepares for Its Latest Urban Makeover, We Look at What This Ambitious City- State Has Achieved Over Past Transformations
Total Page：16
File Type：pdf, Size：1020Kb
MaPPING AS SINGAPORE PREPARES FOR ITS LATEST URBAN MAKEOVER, WE LOOK AT WHAT THIS AMBITIOUS CITY- STATE HAS ACHIEVED OVER PAST TRANSFORMATIONS As an Asia-focused real estate investment and capital management company, we believe in the value of building strong relationships with our customers, business partners and investors. Through these, we are able to grow together and A PUBLIC create business communities that share in the rewards of our collective success. A Value through We appreciate the support of all our business M TION BY communities and are proud to be an active member of every one of them. You cannot put a price on partnerships but at Mapletree, we appreciate the partnerships A value that they create. PLETREE GROUP www.mapletree.com.sg SPACE USE / TRAVEL / RETAIL REVOLUTION HOTSPOT BUSINESS SPACE As a Southeast Asian economic hub, Regardless of the industry, a business Singapore is famed for its attention to should think of the space it occupies contents detail. How has that helped the country to as an asset that can affect productivity 01/15 evolve its land use policy to stay relevant? and profits. But where does one begin? issue BUSINESS SPACE We go in-depth into the operations of three Mapletree tenants to examine their smart space solutions About Mapletree Mapletree Investments Pte Ltd (Mapletree) is an Asia-focused real estate developer, investor and capital manager headquartered in Singapore. We provide space solutions to businesses large and small through our network of office, business park, logistics and industrial properties, which are located across Asia's key gateway cities. We constantly strive to create spaces that allow people to live, work and play, and have developed an array of mixed-use developments and retail-lifestyle properties that meet this aim. With a S$S25 billion regional real estate portfolio, we are supported by offices in Singapore, China, Hong Kong SAR, Japan, South Getty Images (Singapore); Rebecca Toh (Samsung Experience Centre) Korea, Malaysia, Vietnam and India. For more information about Mapletree, visit our website at www.mapletree.com.sg VivoCity was designed by Toyo Ito. Photos: The mall's design draws from qualities NEWS INSIGHT RETAIL TRAVEL INSIDE SPACE FOR RENT of the bay waters adjacent to the site. About Mapping Published three times a year by Mapletree, Mapping is a magazine focused An insightful look into We shine a spotlight Shopper habits are South Korea's Incheon MAPLETREE Examine the Mapletree on real estate happenings and trends, with the bulk of stories angled to the issues that will on the issue of changing rapidly, is a buzzing city, one From business forays properties around the allow readers to better utilise and understand space in these contexts. Andre Chiote affect property markets precinct rejuvenation, as technology that boasts sights outside Asia and region that are for rent, We also profile tenants of Mapletree, their businesses, as well as their in 2015 and Mapletree's revolutionises the way just as exciting as its into new regions, to from efficient offices approaches and philosophies on space utilisation – which we hope will exciting HarbourFront we make purchases. neighbour, Seoul. We highly successful and perfect for any company, serve as inspiring examples. We hope this magazine will be an engaging read. If you would like to and Alexandra How can malls adapt present the inside heartwarming CSR to industrial complexes provide feedback on Mapping, or are a Mapletree tenant who would like precincts to this changing scoop on the sights to efforts, Mapletree had offering varying unit to be featured, drop us a note at [email protected] Cover Illustration: landscape? enjoy while you are there an exciting 2014 sizes to meet your needs WELCOME NOTE HOTSPOT Singapore: Building a Masterpiece SINGAPORE’S LATEST LAND USE MASTER PLAN, MADE OFFICIAL LAST YEAR BY THE URBAN REDEVELOPMENT AUTHORITY (URA), REFLECTS THAT THE COUNTRY NEEDS For months, we sat brainstorming, planning, researching and TO CONTINUALLY REINVENT ITS AREAS then writing, to put together a magazine that would provide our stakeholders, in particular our tenants, with stories that we hope will help them to better understand and use their Many property consultants who commented on the draft plan when it real estate. was released in November 2013 had said Now we present the revamped Mapping magazine. To be that the task ahead is an exciting, albeit published three times a year, readers can find a broad range of daunting one. Among key challenges is the planned transformation of suburban stories under permanent sections that cover different real estate estates such as Woodlands into vibrant sectors, from retail to commercial to industrial and logistics. residential and business hubs to further In this inaugural issue, Hotspot delves into the history of decentralise Singapore, which they point out will take more than just setting aside land planning in Singapore and the key priorities that have plots of land for modern office buildings, helped shape the city-state and its land use policies. Then turn high-rise residences and shopping malls. to Insight, which shares the process of redevelopment at the Yet large-scale projects to revitalise parts of Singapore are not new. Older developer level, by exploring the rejuvenation of the Alexandra residents will remember how the country and HarbourFront precincts undertaken by Mapletree. transformed itself from slums and Don't miss Business Space, which looks at how companies, squalor into a modern, lush and green country that is now a major commercial no matter how large or small, can better tap the space they have to hub. Today, Singapore is deemed by the boost productivity and in turn, the bottomline. Then theory meets United Nations as the only slum-free city practice, as three companies show how they utilise their space. in the world1. Neither is Singapore new to That's a quick selection of the innovative sections on offer in Published by Novus Asia Contributing Editor Luke Clark decentralisation. Many commercial hubs the new Mapping, but it's not all that is in this issue. So turn the Creative Director Richard MacLean such as the Alexandra and HarbourFront Photo Editor Haryati Mahmood Senior Writer Daniel Seifert precincts exist outside of the Central page, and see for yourself what this bumper issue has available. Art Director Bessy Kim Junior Designer Erika Wong CEO Simon Cholmeley Founding Partner Rosemarie Wallace Chief Financial Officer Marie Lyte Creative Services Manager Kwan Gek Lian Traffic and Production Manager Pearlyn Kwan Contributors Andre Chiote, Quentin Gabriel, Rebecca Toh, Young Jin Lee MCI (P) 120/01/2015 Gardens by the Bay, Marina Bay Sands, the Singapore Printed by Flyer and Marina Barrage NPE Print Communications Pte Ltd all pictured here clockwise License Number: L004/12/2014 from left, are just some of the developments that have 1. State of the World’s Cities 2008 / 2009 report by United Nations Habitat. transformed Singapore's skyline in recent years Editor, Felda Chay Source: 02 03 HOTSPOT Business District (CBD), providing quality This meant changing Singapore’s services, with facilities and buildings that space to businesses including many urban landscape. Previously, the city-state will enhance and preserve the cultural multinational corporations (MNCs). took on a ring formation where all core vibrancy of the nation. Here, we go back in time and look at activities took place at its centre; now the By 2000, waterfront apartments along some of the considerations that have plan was for Singapore to develop regional the Singapore River and the Tanjong Rhu influenced Singapore’s land use policy, centres across the island – each with their area were developed. Business parks such and how the country has continuously own commercial, sub-regional and fringe as International Business Park and Changi refreshed itself – a large part of which centres. Business Park were added, while regional involves creating vibrant commercial, A commercial development was also centres in Tampines, Jurong East and retail and residential hubs – to meet envisioned at Marina South, which will Woodlands were underway. Reclamation the needs of its growing economy and form the new Downtown. New industrial works allowed for the formation of Jurong population. areas and business parks would be Island for the petrochemical industries. developed in areas such as Tuas, Changi At the same time, Singapore’s economy 1971 - 1990 North, and Woodlands North. boomed. Post-independence Singapore’s first Overall, urban planners hoped to build HarbourFront Centre document guiding land use was the a Singapore whose land constraints would 2001 - 2010 Bank of America Merrill But much remained to be done, as city 1971 Concept Plan. It recognised the not hinder economic growth; a lush and Lynch HarbourFront need to develop proper housing for the green Singapore with waterfront housing planners predicted a decade ago. Work population. Another priority was to set and homes located close to gardens, parks to plan Singapore’s land use in the new aside land for activities that would ignite and recreational areas; where the needs millennium started in 2000. This time, strong economic growth. of the population are met by widely views from over 5,000 Singaporeans were The plan led to the clearing of available social and community support sought. Singapore’s slums and the development of new high density towns and industrial estates such as Toa Payoh, the Singapore Above The Singapore Changi Changi Airport, and a high capacity and Planning for Growth and Greenery In colonial Singapore, there was almost Airport is world-renowned for efficient transportation network. It also its features designed to provide no legal control over land development, comfort to weary travellers, created new “corridors” of urbanised but 1959 marked a turning point. like indoor greenery.