Description
Singapore's Central Business District comprises the core of Singapore's financial activities and thus includes many important and significant financial buildings. There are many skyscrapers in the Central Business District. Skyscrapers in the city include the relatively new ones such as the UOB building and the Sail at Marina Bay, as well as the older but still well maintained and used buildings such as the SwissĂ´tel The Stamford, which once held the title as the world's tallest hotel.
Majority of Singapore's tallest building are found in the CBD, where land are the most expensive in Singapore. However, due to aviation restrictions, buildings in the CBD cannot go higher than 280m. Most of the iconic building that represents Singapore CBD skyline also stand on free hold land, which are extremely uncommon in Singapore today.
Some commercial buildings reflect the cultural Chinese heritage of Singapore in addition to the presence of other cultural heritage sites in the Central Area. The UOB Plaza makes use of the traditional Chinese symbol of the octagon in its design, which supposedly brings about good Feng Shui according to traditional Chinese geomancy.
Future Development
The Central Area of Singapore is slated to undergo significant changes in upcoming years. This expansion includes the construction of newer industrial buildings, as well as road expansion and other infrastructural projects. This also includes the expansion of the Mass Rapid Transit system's Circle Line, to be completed in 2012.
There are also recreational facilities planned for development in the Central Area. These include the Gardens At The Bay, the Sports Hub, and the Fullerton Heritage. These will have significant impact on the recreational and sporting scenes in Singapore upon completion. Finally, the largest project in the area would be the Marina Bay Sands Integrated Resort along the waterfront of Marina Bay.