Singapore aims to double size of financial district

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SINGAPORE, Mar 10 (AFP): Singapore plans to double the size of its existing business district to maintain the city-state's position as a regional financial centre, the government said today.
An 85-hectare waterfront site bordering the current business district will house the expansion, the urban redevelopment authority (URA) said in a statement.
The site, which is next to the Marina Bay Sands convention and gaming complex currently under construction, is expected to yield 2.82 million square metres of office space, the land-use agency said.
The expansion of the business district in the Marina Bay area will take place over more than 15 years.
Major European and US financial firms use the city-state as a base from which to grow their Asian business.