SINGAPORE: Media group MediaCorp will be moving out
of its premises at Caldecott Hill.
By 2015, it will be located at the new [email protected] Buona
Vista.
MediaCorp will be the anchor tenant at Mediapolis, and occupy 1.5
hectares of land and a built-up area of 79,500 square metres.
The 19-hectare Mediapolis is touted as Singapore's first digital
media hub and is expected to be completed by 2020.
Speaking at the opening of the Asia Television Forum, Information,
Communications and the Arts Minister Lui Tuck Yew said the move
would attract other local and overseas industry players involved
across the value chain -- such as creation, production and
post-production -- to Mediapolis, and to participate in
collaborative projects with MediaCorp.
The broadcaster could also extend its facilities and services to
other production houses "for greater synergies and possible cost
benefits".
He said this would contribute further to the growth of the media
landscape.
Mr Lui also said he hoped the infocomm infrastructure at
Mediapolis, which includes a high-speed network and high density
storage systems, would be a lure for digital content
companies.
MediaCorp CEO Lucas Chow welcomes the decision.
He said the group looks forward to playing a catalytic role in
attracting new and foreign media players to Mediapolis.
In 2006, MediaCorp had announced its decision to relocate to a site
at Bukit Batok, but the plan was shelved due to high construction
costs and the onset of the economic crisis.
But it said in a statement that the move to a new campus gained
traction as the economy improved and new options presented
themselves.
The design of MediaCorp's new complex is yet to be decided, but the
company said it would be high-rise in nature, with television
studios and theatres occupying the lower floors.
The move to one-north will be carried out in phases, and is
expected to be completed by mid-2015.
Separately, MediaCorp and the Media Development Authority are
working together to support independent production houses in
creating made-in-Singapore content exclusively for online
viewing.
The regulator will co-invest up to half of the production budget,
and the finished products will be distributed on MediaCorp's xinmsn
online video platform.
Selected projects will also be promoted through MediaCorp's media
network.
-CNA/wk
More un-needed constructions 
which in turn more bangla foreigners come(as construction
worker).
