Kallang and Paya Lebar will be developed into new commercial hubs, just like the Jurong Lake District. This is part of the government's Draft Master Plan, which charts land use over the next 10 to 15 years. Marina Bay and the city centre will continue to be the key commercial node in Singapore. New growth areas like Tanjong Pagar, Beach Road and the Ophir-Rochor corridor will also be developed. However,...
General
Industry players are upbeat about the plans for two new commercial hubs, noting that both Kallang and Paya Lebar have great potential for growth, given their close proximity to the city. However, they said the timing of the various projects will have to be calibrated carefully, so as not to place additional strain on the construction sector. In the next 15 years, Singapore will have three new commercial...
Nestled in the heart of Singapore’s most desirable neighbourhood, comes Singapore’s most coveted address – Nassim Park Residences. The development is an unique collaboration between three internationally acclaimed creative minds: Singapore-based architect Chan Soo Khian, Japanese landscape architect Shunmyo Masuno, and French interior designer Christian Liaigre. The result in nothing less than...
Draft Master Plan 2008: Main Website: http://www.ura.gov.sg/DMP2008/home.htm Growth Areas: Jurong Lake District: http://www.ura.gov.sg/DMP2008/jurong_lake_district.htm City Centre: http://www.ura.gov.sg/DMP2008/city_centre.htm Kallang Riverside: http://www.ura.gov.sg/DMP2008/kallang_riverside.htm Paya Lebar Central: http://www.ura.gov.sg/DMP2008/paya_lebar.htm Regional Highlights: Central Region:...
Singapore’s economy expanded at a slower-than-expected annualised rate of 14.6 per cent in the first quarter from the fourth in a seasonally adjusted and annualised basis. In a statement, the Ministry of Trade and Industry (MTI) said that GDP grew by 6.7 per cent year-on-year in the first quarter of 2008, up from the 5.4 per cent increase in the preceding quarter. Manufacturing expanded 12.4 per cent...
Singapore's annual inflation rate rose to a new 26-year high of 7.5 percent in April as food, housing and transportation costs soared and is now a risk to the economy, the government said on Friday. Food prices alone rose 8.5 percent, transportation and communication were 7.0 percent higher and housing costs became 11.8 percent more expensive, the statistics department said. It said April's inflation...
The International Court of Justice (ICJ) at The Hague in the Netherlands has awarded sovereignty over Pedra Branca island to Singapore, while the sovereignty of Middle Rocks has been awarded to Malaysia. The world court delivered the judgement on Friday, after several rounds of written and oral pleadings by the two disputing countries. The ICJ last heard arguments from both sides in November 2007. For...
National Development Minister Mah Bow Tan has said that the Housing and Development Board (HDB) has no intention to raise the administrative fee for the application of new flats. Speaking on the sidelines of the Draft Master Plan Exhibition on Friday, Mr Mah said the fees will remain at the current S$10, so as not to deter genuine flat buyers. He also justified the need to revise the application rules...
More than 770,000 HDB households will be receiving S$63 million worth of rebates for their Service and Conservancy Charges (S&CC) and rents in fiscal year 2008. The Finance Ministry said all eligible households will receive S&CC rebates. Three and four-room households will receive two months worth of S&CC rebates. And among low-income rental households, eligible one-room households will get...
The government has been taking the lead in turning its buildings green and is now asking Singapore CEOs to follow suit. Some experts say that planning to go green right from the design stage can mean substantial savings in energy costs later. The public sector is paving the way, with the Environment Building being a prime example of an energy-efficient government building. And private sector firms are...