Saturday, September 3, 2011

Ocean Financial Centre

Ocean Financial Centre may look like your typical skyscraper at first sight. But this 43 story building added recently to the Singapore Central Business District skyline and opened a few days ago is not your typical skyscraper. It is the first office development in Singapore CDB to achieve the Platinum Green Mark Reward given by the Building and Construction Authority of Singapore and it is also the first high rise building in South East Asia to receive Platinum Level LEED (Leadership in Energy and Environment Design)-CS pre-certification.

What makes Ocean Financial Centre this green? Just above its 4 levels of roof gardens, Ocean Financial Centre has the largest solar panel system for high-rise buildings in Singapore.It uses energy efficient Air-Conditioning System and an innovative paper recycling system (paper recycling chutes) for all offices it houses. The building overall achieves 35.1% energy saving and 42,249 meter cube of water saving per year. This translates into 24,542 tonnes of CO2 reduction per year. Energy savings translate into 9,084,956 KWh per year or 1,816,991 SGD per year.

Ocean Financial Centre - Source : Keppel Land
This building is developed by Keppel Land and sits just opposite to Republic Plaza, next to Raffles Place. It adds about 885,000 sq ft of prime office space to core of Singapore CDB.

Singapore need more prime office space to keep office rentals competitive. Currently prime office space is 45 per cent cheaper than Hong Kong prime office space and 22.7 per cent cheaper than Tokyo. Almost 3 million sq ft of new office space is coming to Singapore Business Centre (including Ocean Finance Centre and Asia Square) this year. 

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