Green Icon of Nature and Function
CapitaGreen, the most green property in Singapore’s CBD, revolutionalises office space with state-of-the-art design
Issue: Mar 2012
CapitaGreen is setting itself apart from others with its green focus and features that will mark it as Singapore’s greenest office property in the business district
A new prestigious office building will soon join the skyline of Singapore’s Central Business District. Spotting a brand new address, 138 Market Street, the joint development amongst CapitaLand, CapitaCommercial Trust and Mitsubishi Estate Asia is set to rise from the site of the former Market Street Car Park which was demolished last year. But beyond its established owners and prime address, the office tower is setting itself apart from others with its green focus and features that will mark it as Singapore’s greenest office property to date. Even its name, CapitaGreen, speaks of its eco-friendly features.
“CapitaGreen will be the most ‘green’ building in the CBD given its façade’s 55 per cent green ratio, with the east and west façades having a larger amount of greenery, which will minimise solar heat gain and improve energy efficiency for the building,” said Mr Liew Mun Leong, President and CEO of CapitaLand Group.
In addition, as a responsible developer committed to innovating and raising construction productivity with every project, CapitaLand will be constructing CapitaGreen using the latest design-and-build contract arrangement. This is expected to save 20 per cent in construction time, reducing it to 32 months from the usual 39 to 40 months. This will save time, energy and material, contributing to the green practices of CapitaLand.
The groundbreaking ceremony of CapitaGreen was graced by Mr Tan Chuan-Jin, Minister of State for National Development and Manpower (centre); Mr Liew Mun Leong, President and CEO of CapitaLand Group (third from right); Mr Chong Lit Cheong, CEO of CapitaLand Commercial Limited (third from left) and Mr Keiji Kimura, Chairman of Mitsubishi Estate Asia (second from right); Mr Toichi Takenaka, President and CEO of Takenaka Corporation (second from left); Ms Lynette Leong, CEO of CapitaCommercial Trust Management Limited (far left) and CapitaGreen’s architect, Mr Toyo Ito (far right)
At the groundbreaking ceremony for CapitaGreen in February 2012 was Minister of State for National Development and Manpower, Mr Tan Chuan-Jin, who complimented this green icon.
“This office tower presents fresh opportunities to develop a city centre which is at the cutting edge of sustainable design. It is a green building both physically and environmentally. I am pleased that the joint developers fully support the Government’s initiatives to improve energy efficiency in our buildings and enhance greenery in Singapore,” said Mr Tan.
Green Icon of the Future
The eco design for the ultra-modern Grade A 40-storey office tower was revealed in September last year. Internationally acclaimed architect, Toyo Ito, conceptualised the tower as a tribute to the greenery that once covered the city (Read Tree of Life Springs Forth in Business District).
Patterned after the earth’s surface in its aesthetic and functional features, CapitaGreen has a cool void that runs along its core. A magnificent roof-top garden crowns the development, serving as a Sky Forest. Cool, fresh air will be channelled throughout the building via the central core. The building is not only encased in lush greenery, it also has greenery on every floor plus two sky terraces that will provide additional green space within the building. All the greenery, the double skinned facade system and the well-designed natural cooling system will help to bring down the temperature of the building as well as the surrounding temperature.
CapitaGreen’s sky forest and core funnel help to channel natural breezes throughout its 40 floors, keeping it cool and saving energy
“Standing tall at 242m, CapitaGreen will stand out with a visually green exterior and illuminated facade at night. Prominent art pieces will be showcased in the office tower's lobby. We are confident that when CapitaGreen is completed, it will be a memorable landmark in Singapore’s CBD skyline,” said CEO of CapitaLand Commercial Limited, Mr Chong Lit Cheong.
The building also has several state-of-the art energy-saving features, characteristic of CapitaLand’s mantra to care for people through the care of the environment. Rainwater harvesting is used to irrigate the building’s plants. Its façade is clad in energy-efficient, double-skin high-performance glass that minimises solar heat glare. Coupled with the cooling effect from the surrounding greenery and the natural breezes channelled from the roof, the building will require less energy to keep cool. The typical floor plate ranges from 20,000 to 25,000 square feet. Its floor-to-ceiling height of 3.2 metres, one of the highest for offices in the CBD, is further enhanced by larger windows which will give tenants an unparalleled view of the Marina Bay area, creating a sense of space with natural light and reducing the need for artificial lighting.
CapitaLand is aiming for the Green Mark Platinum award with this building, the highest accolade recognising environmentally-friendly buildings accorded by the Building and Construction Authority of Singapore.
Perfectly Placed and Timed Business Centre
CapitaGreen sits on prime locale. It is round the corner from the Raffles Place MRT Interchange and the future Telok Ayer station at Cross Street, and well-positioned within the Raffles Place area.
Beyond its excellent location, CapitaGreen has also been strategically timed to meet market needs.
“We are targeting the completion of CapitaGreen by the fourth quarter of 2014 when there will be no new Grade A office supply in Singapore’s CBD, and we expect CapitaGreen will be the jewel choice then,” said Ms Lynette Leong, CEO of CapitaCommercial Trust Management Limited.
CapitaGreen will also be able to ride the crest of the green wave that is already beginning to sweep the real estate industry. According to the GE Capital Real Estate Survey conducted in 2010 which included more than 2,220 participants from the US, Canada, France, Germany, Sweden, the UK, Spain and Japan, 50 per cent of the participants wanted office spaces in green buildings. This is likely to be the trend of the future. The estimated S$1.4 billion project is expected to generate a yield-to-cost of more than 6 per cent per annum on a stabilised basis.
In a hugely urbanised environment like Singapore’s CBD, CapitaGreen’s promise of a green zone is both refreshing and visionary, setting the standard for environmentally-conscious developers of the future.