|Your reporter on the Marina Promenade (photo: GD)|
This report comes from Singapore, one of the so-called asian tigers where I visited some very exciting real estate in the marina bay area, which is being developed to support and extend Singapore's business and leisure functions.
|Marina Bay Sands development - Skypark is on top (photo: GD)|
Your reporter carried out some of the development appraisal from the viewing deck which is the area that overhangs the north tower by 67m - you can see this in the photo above. It's not for the faint hearted and that's not just because the drinks are very expensive. However, as you can see from the photo below, the view is quite something.
|View from the Skypark deck (photo: GD|
|Skypark Infinity swimming pool - for guests only! (photo: GD)|
The development was conceived before the crash of 2008 and spiralling costs and lack of labour set back its completion. The final build costs, including land are said to be over £3.5 billion. The casino and hotel form the main revenue streams. A hypothetical full occupancy of the 2561 hotel rooms, at an average of £200 per night would bring in just over half a million pounds a day, so it will take a long time to payback. However, the overall premise of this development is the creation of an integrated tourism resort that serves business and visitors and results in other spend in shopping, restaurants and makes Singapore a must-see destination.
|Nighttime shot of the development (photo: GD)|