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Asia Square

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Asia Square
Asia Square
Nicolas Lannuzel. · CC BY-SA 2.0 · source
NameAsia Square
CaptionAsia Square towers in Marina Bay financial district
LocationMarina Bay, Singapore
StatusCompleted
Start date2009
Completion date2011
Building typeOffice, Retail
RoofTower 1: 222 m; Tower 2: 165 m
FloorsTower 1: 43; Tower 2: 29
ArchitectKohn Pedersen Fox
DeveloperUBS, Keppel Land

Asia Square is a twin-tower commercial complex in the Marina Bay district of Singapore, comprising two high-rise office towers with integrated retail podiums and public spaces. The development anchors part of the Marina Bay financial hub alongside nearby landmarks and serves as a base for multinational corporations, sovereign wealth funds, financial institutions, and law firms. The complex is notable for its sustainable design, urban integration, and role in Singapore's central business district transformation.

Description

Asia Square occupies a prominent site adjacent to Marina Bay and is part of the larger Marina Bay financial and civic precinct that includes Marina Bay Sands, Marina Bay Financial Centre, Marina Bay Street Circuit, Gardens by the Bay, and the Esplanade – Theatres on the Bay. The towers provide Grade-A office space and retail amenities that cater to firms from sectors such as banking and finance represented by HSBC, Standard Chartered, J.P. Morgan Chase, Goldman Sachs, Citigroup, Deutsche Bank, and UBS. The development interfaces with public transport nodes like Marina Bay MRT station and sits near infrastructure such as Marina Barrage and the Helix Bridge. Ownership and investment ties link the project to entities including Keppel Corporation, Temasek Holdings, GIC Private Limited, and international investors such as BlackRock and Brookfield Asset Management.

History and Development

Planning for the complex occurred during the early 2000s redevelopment of the Marina Bay area spearheaded by the Urban Redevelopment Authority and coordinated with masterplans involving JTC Corporation and the Land Transport Authority. Construction commenced after land acquisitions and financing negotiated with parties including UBS Investment Bank, Keppel Land, and lending consortia featuring DBS Bank, Oversea-Chinese Banking Corporation, and United Overseas Bank. The first tower opened in the early 2010s amid regional property cycles influenced by policies in Monetary Authority of Singapore and economic shifts involving ASEAN, China, Japan, India, and Australia. Later repositioning and asset management involved real estate firms such as CBRE Group, Jones Lang LaSalle, Colliers International, and investors including Mapletree Investments and Majid Al Futtaim.

Architecture and Design

The architectural concept was developed by Kohn Pedersen Fox with design input from engineering firms akin to Arup Group and facade consultants similar to SOM. The towers exhibit curtain wall systems and sustainable features aligned with standards advocated by Building and Construction Authority of Singapore and rating frameworks like BCA Green Mark and LEED. Landscape and podium integration drew lessons from projects such as One Raffles Quay, The Sail @ Marina Bay, and OUE Bayfront. Structural solutions referenced precedents from Marina Bay Financial Centre Tower 1, Marina Bay Sands Hotel Tower, and international high-rises like One World Trade Center for seismic and wind considerations. Interior finishes and workplace planning reflect trends promoted by firms such as Gensler, Foster + Partners, and HOK.

Tenants and Usage

Tenants have included multinational banks, commodity traders, legal chambers, advisory boutiques, and technology firms analogous to Apple Inc., Microsoft, Amazon Web Services, Google, Facebook, and Alibaba Group occupying regional offices in Marina Bay. Financial tenants comprise entities similar to Morgan Stanley, Barclays, Credit Suisse, Nomura Holdings, and Mizuho Financial Group. Professional services firms represented by names like PricewaterhouseCoopers, Deloitte, Ernst & Young, and KPMG have established regional hubs in nearby precincts and comparable buildings. Retail and F&B occupants include brands and operators such as Starbucks, BreadTalk, Din Tai Fung, Jollibee, and international hospitality groups like Hyatt Hotels Corporation and Marriott International managing nearby properties. The mixed-use programming supports conferences, client events, and functions associated with institutions such as Singapore Exchange, Asia-Pacific Economic Cooperation, and International Monetary Fund delegations when in Singapore.

Transportation and Accessibility

The complex benefits from proximity to the Marina Bay MRT station interchange linking the Circle MRT Line, North-South MRT Line, and Downtown MRT Line, facilitating access from hubs like Raffles Place MRT station and Tanjong Pagar MRT station. Road access connects to expressways including the East Coast Parkway and arterial links to the Benjamin Sheares Bridge. Pedestrian and cycling networks integrate with promenades near Marina Bay Waterfront Promenade and the Bayfront Bridge. Public transit links include bus routes operated by SBS Transit, SMRT Buses, and connections to taxi services and ride-hailing platforms such as Grab, Gojek, and international operators. Nearby aviation access is via Changi Airport and seaport interfaces at Marina South Pier and Marina Bay Cruise Centre.

Awards and Recognition

The development has been recognized in categories comparable to regional property awards issued by organizations like FIABCI, PropertyGuru, Bloomberg, and sustainability rankings from World Green Building Council affiliates. Certifications and commendations reflect compliance with standards championed by Building and Construction Authority of Singapore and regional design juries including panels associated with Urban Land Institute and International WELL Building Institute. The project’s commercial success has been cited in analyses by The Straits Times, Financial Times, The Wall Street Journal, and market reports from CBRE and JLL.

Category:Buildings and structures in Singapore