Dec 09,2010
Mediapolis is MediaCorp's new home
By boon chan
The kings and queens of Caldecott Hill will have to change their titles when broadcaster and media company MediaCorp moves from its current premises to Buona Vista.
It was announced yesterday that MediaCorp will be an anchor tenant at the 19ha Mediapolis, a cluster of buildings in Buona Vista which is devoted to media and gaming-related companies. The move will be in phases starting from end-2014 and is expected to be completed by mid-2015.
MediaCorp will occupy 1.5ha of land area - roughly the size of two football fields - with an estimated gross floor area of 79,500sqm.
While the design of the new complex has yet to be decided, it will be a high-rise building with the television studios and theatres located on the lower floors.
The company had said in 2006 that it was moving to a site in Bukit Batok but the plan was shelved due to high construction costs and the onset of the economic crisis.
Pending approval from the relevant authorities, the current plot at Caldecott Hill will be sold to finance the construction of the new complex at Mediapolis. In response to queries, MediaCorp said it was 'premature at this time to discuss the cost of the new facility'.
It is not known what will happen to the prime Caldecott Hill plot.
Media Development Authority (MDA) chief executive officer Aubeck Kam says: 'MediaCorp's relocation will allow the company to leverage on the advanced infrastructure of Mediapolis@one-north to deliver content in more exciting ways and beyond TV as we know it today.'
When completed in 2020, Mediapolis is envisioned to have movie studios, digital production and broadcast facilities, research labs, games and animation studios, offices and service apartments.
It was previously announced that production house Infinite Frameworks is investing $100 million to build a sound stage facility there.
According to MDA's 2010 annual report, the media sector contributed $22.4 billion in revenue to the Singapore economy in 2008.
Wednesday, December 15, 2010
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