View Full Version : JLD to launch tender for reserve list site
rattydrama
14-06-12, 23:57
JLD growth will b fast but it will still need time. The part tt I disagree is e mega theme park. Prob 10 years later then we c it in e plans. For now it is evolving to become a commercial center. It is e direct opp of north east residential development.
China has built lot of theme parks and most failed. Singapore climate is hot hot hot all year round... Maybe can only attract mosquito.
JLD mostly china man. theme park westerner not keen. I dont know who else this theme park wanna attract. most country already has its own theme park and better.
it has to be better than theme park to have better investment return.
rattydrama
14-06-12, 23:59
Depends on commercial viability... let's see. If you are right I also win :p sounds vested. :cool1: caspian or lakefront?
rattydrama
15-06-12, 00:03
Actually by 2016 jems, west gate, jcube, hospital, all offices, big box, the new office at venture avenue, the new condo by mcl land will all be up... Try and visualize that.... Almost 10 brand new buildings all in one place... Imagine that...
not to forget these developers have strong holding power.
sounds vested. :cool1: caspian or lakefront?
:p :D ;) :) :spliff:
Capitaland wants rub shoulder with MND and KBW? :D
CapitaLand mulls over move to Jurong East
Westgate Tower is slated for completion in 2014
http://www.businesstimes.com.sg/sites/businesstimes.com.sg/files/imagecache/image_300x200/BT_20120615_KRCAPITA15_1311895.jpg (http://www.businesstimes.com.sg/sites/businesstimes.com.sg/files/imagecache/filenamee/BT_20120615_KRCAPITA15_1311895e.jpg)
Spacious: Westgate Tower, a 20-storey office block with NLA of 315,000 sqft, is part of a mixed development called Westgate that also includes a 426,000 sqft mall - FILE PHOTO
CAPITALAND group could go west.
The property giant is said to be considering a move from the city to its Westgate Tower near Jurong East MRT Station. When contacted, a CapitaLand spokesman said no decision had been made.
Westgate Tower, a 20-storey office block, is slated for completion around end-2014. It has a total net lettable area (NLA) of 315,000 square feet with column-free floor plates of about 17,000 sq ft.
The spokesman said: "There are synergies to be reaped from CapitaLand Group's strategic business units to be under one roof or located near each other. We continually evaluate office space availability as well as operational aspects to see what makes the best business sense for the group. Currently, no decision has been made."
CapitaLand's headquarters are located at Capital Tower near Tanjong Pagar MRT Station. Its staff are also housed in Robinson Point and AXA Tower at 8 Shenton Way, also in the Central Business District. In addition, the group operates out of Wilkie Edge in the Selegie area, as well as Ascott Centre for Excellence at Anthony Road and CapitaLand Institute of Management and Business at Sentosa.
Capital Tower and Wilkie Edge are owned by CapitaCommercial Trust.
CapitaLand's corporate office is at Capital Tower. It occupies a substantial part of Robinson Point, where staff of the managers of its real estate investment trusts, such as CapitaMall Trust, CapitaCommercial Trust and CapitaRetail China Trust, are based. Staff of the group's serviced residence business Ascott and CapitaLand Residential are located at AXA Tower. Wilkie Edge houses the IT staff.
Westgate Tower is part of a mixed development project called Westgate that also includes a 426,000 sq ft mall. The whole project is being developed by CapitaMalls Asia, CapitaMall Trust and CapitaLand. Jones Lang LaSalle is the sole leasing agent for Westgate Tower.
Next door, Lend Lease and its Asian Retail Investment Fund (ARIF) are developing Jem, also a retail-office mixed development project. The 11-storey office tower in that project, whose NLA is also about 315,000 sq ft, is fully leased to the Ministry of National Development, Building & Construction Authority and the Agri-Food and Veterinary Authority. The office tower is due for completion late next year.
Both the Jem and Westgate developments are coming up on sites sold under the Government Land Sales (GLS) programme.
Another nearby land parcel (next to International Business Park) is scheduled to be launched in December under the confirmed list of the second-half 2012 GLS programme. The 1.2-hectare commercial plot can potentially generate 723,334 sq ft gross floor area of commercial space; a minimum office component will be stipulated.
JLL's head of markets Chris Archibold welcomes another office development in Jurong East. "This will add to the critical mass of the area, when you add it to MND's new headquarters at Jem, Westgate Tower and the International Business Park."
China has built lot of theme parks and most failed. Singapore climate is hot hot hot all year round... Maybe can only attract mosquito.
JLD mostly china man. theme park westerner not keen. I dont know who else this theme park wanna attract. most country already has its own theme park and better.
it has to be better than theme park to have better investment return.
themepark can only happen if government if the give operator a casino license, similar to RWS.
not to forget these developers have strong holding power.
Just received a mailer offering double agent commission to rent some of the high end apartments in city region. A pity I am not an agent.
themepark can only happen if government if the give operator a casino license, similar to RWS.
IMO Theme parks require a lot of patronage from families to succeed. Although there are many HDBs there, the profile does not appear to match those that patronize such places. There is already a range of such family places in SG anyway. For e.g. I subscribe to all the wildlife membership (zoo and night safari) and omit JBP foreseeing rare visits if any.
But hard to say sometimes as our Govt can often pull rabbits out of the hat. They already surprised many with casinos and IR, and F1.
When it comes to property, singaporeans are still very emotional and short sighted... if you monitor the trend of condo prices, when the MRT is being built or before a condo TOP the prices are not high, but once TOP and MRT completed your get an immediate price appreciation...
Same for new areas like JLD...
I STRONGLY believe comes 2015/16.... everyone who goes there will be like "WOW" and then they will all want a piece of the action and IMMEDIATE GRATIFICATION, and then the prices near JLD will HUAT x 3 according to one forummer...
If Singaporeans are more investment savvy and more long term, they would be buying Maplewoods, and all the condos along the DTL3, but when they think of the Jam and trouble they wait....
When it comes to property, singaporeans are still very emotional and short sighted... if you monitor the trend of condo prices, when the MRT is being built or before a condo TOP the prices are not high, but once TOP and MRT completed your get an immediate price appreciation...
Same for new areas like JLD...
I STRONGLY believe comes 2015/16.... everyone who goes there will be like "WOW" and then they will all want a piece of the action and IMMEDIATE GRATIFICATION, and then the prices near JLD will HUAT x 3 according to one forummer...
If Singaporeans are more investment savvy and more long term, they would be buying Maplewoods, and all the condos along the DTL3, but when they think of the Jam and trouble they wait....
I second your opinion on this. Singaporeans don't like to gamble and are a little insecure. They like to pay on what they can see.
Inherent nature, can't be helped.
Indeed, the condos along DTL3 appear to have potential for more growth, although it has inched up significantly. The ones I was viewing were taken off the market, sold or retained with higher asking prices.
But mega theme park is a bit stretching the imagination currently.
for JLD and DTL3 its a no brainer...
DTL3 - already an established high end residential area with good schools and amenities and bear with the MRT jam and noise for the next 3 years and then you are all set to either enjoy the new convienence or sell for a tidy profit...
JLD: This is an even more no brainer.... Mr Khaw is going to work from there everyday and the perm sec, hihg rnaking civil servants all going to work above Jems.... with all the senior executives eyes right in the heart of Jurong Gateway, dont you think they will make it nice nice, smooth traffic flow and as MND like to say it Live Work Play concept lol... This is all human nature, where in the world you find the MND department of a country in a lousy location...
IMO Theme parks require a lot of patronage from families to succeed. Although there are many HDBs there, the profile does not appear to match those that patronize such places. There is already a range of such family places in SG anyway. For e.g. I subscribe to all the wildlife membership (zoo and night safari) and omit JBP foreseeing rare visits if any.
But hard to say sometimes as our Govt can often pull rabbits out of the hat. They already surprised many with casinos and IR, and F1.
tourism is a big money spinner for the government and I reckon they will continue to boost the tourism dollars by having more such attraction. Changi is already going ahead with T4, so I there should be more to come
One possible theme park for JLD could be a Harry Potter Theme Park to compliment Universal Studio.
rattydrama
15-06-12, 13:56
:p :D ;) :) :spliff: so you have lakefront and caspian. no wonder wif all happy face.
so you have lakefront and caspian. no wonder wif all happy face.
Dun have lah, nearby HT n HDB ;)
I understand that Big Box is back on track.
Parcel B will have the best view over the lake. NS facing, I think
I took a look today, construction not restarted. The plot of land look pretty wasted.
Parcel A will be closest to the international school.
I took a look today, construction not restarted. The plot of land look pretty wasted.
Parcel A will be closest to the international school.
Expected to be completed End 2013
Here is a quote from URA JLD blueprint.
JLD attractions is likely to be comparable to Marina Bay, Sentosa, and Zoo.
It reckon it will be massive
Jurong Lake and the area around it, known as Lakeside, is the other area in the Jurong Lake District. Spread over 220 ha of land and 70 ha of water, Lakeside is envisaged to be developed into a major leisure destination for Singaporeans and tourists. The attractions at Jurong Lake will be differentiated from others located in Marina Bay, Southern Waterfront and Mandai.
tourism is a big money spinner for the government and I reckon they will continue to boost the tourism dollars by having more such attraction. Changi is already going ahead with T4, so I there should be more to come
One possible theme park for JLD could be a Harry Potter Theme Park to compliment Universal Studio.
Need to think out of the box to come up with something feasible. ArtScience museum has Harry Potter exhibition currently. Hmm...
I finally bought one that I like very much today. I won't be aiming for JLD/west coast anymore as I'm already vested. Closed shop on property purchase finally. I wish you guys and girls all the best in your property hunt and rental :)
I finally bought one that I like very much today. I won't be aiming for JLD/west coast anymore as I'm already vested. Closed shop on property purchase finally. I wish you guys and girls all the best in your property hunt and rental :)
where u buy in jurong?
MND?
ministry of defence?
BCA and AVA is what?
where u buy in jurong?
Location is secret ;) Maybe at Lim Chu Kang Columbarium :scared-4:
MND?
ministry of defence?
BCA and AVA is what?
MND and its stat boards, MEWR and its stat boards (PUB not sure). Depending on office rental, my guess is other agencies might shift in also over time. Rental at city center/fringe is becoming expensive even for government agencies.
MND?
ministry of defence?
BCA and AVA is what?
MND is the big boss of HDB, URA, BCA AVA etc etc
http://app.mnd.gov.sg/AboutUs/OrganisationStructure.aspx
http://www.mnd.gov.sg/MNDAPPImages/About%20Us/Mr_Khaw_Boon_Wan.jpg
http://www.mnd.gov.sg/MNDAPPImages/About%20Us/Mr_Lee_Yi_Shyan.jpg
http://www.mnd.gov.sg/MNDAPPImages/About%20Us/Mr_Tan_Chuan-Jin.jpg
http://www.mnd.gov.sg/MNDAPPImages/About%20Us/Dr_Maliki_Osman.jpg
rattydrama
16-06-12, 22:02
MND and its stat boards, MEWR and its stat boards (PUB not sure). Depending on office rental, my guess is other agencies might shift in also over time. Rental at city center/fringe is becoming expensive even for government agencies.
big iron balls to buy now. Perhaps can share which district.
MND is the big boss of HDB, URA, BCA AVA etc etc
http://app.mnd.gov.sg/AboutUs/OrganisationStructure.aspx
http://www.mnd.gov.sg/MNDAPPImages/About%20Us/Mr_Khaw_Boon_Wan.jpg
http://www.mnd.gov.sg/MNDAPPImages/About%20Us/Mr_Lee_Yi_Shyan.jpg
http://www.mnd.gov.sg/MNDAPPImages/About%20Us/Mr_Tan_Chuan-Jin.jpg
http://www.mnd.gov.sg/MNDAPPImages/About%20Us/Dr_Maliki_Osman.jpg
wa!!!! :eek::eek::eek:
big iron balls to buy now. Perhaps can share which district.
Already said it is secret mah :p
A lot of 99LH cheongsters at East and North-east hor. Their balls are more iron than mine. I actually have no balls.
Already said it is secret mah :p
A lot of 99LH cheongsters at East and North-east hor. Their balls are more iron than mine.
LOL!
i afraid their is titanium ball.
:D:D
Allthepies
16-06-12, 22:51
No brainers to buy at certain locations. But still most will miss it lah. Perhaps that's the fun of property investments.
No brainers to buy at certain locations. But still most will miss it lah. Perhaps that's the fun of property investments.
haha..
i don't like any of the condo along lakeside, actually.
too near mrt track..
:o
Allthepies
16-06-12, 23:19
haha..
i don't like any of the condo along lakeside, actually.
too near mrt track..
:o
Did I even say lakeside? :p
ikan bilis
18-06-12, 16:29
big iron balls to buy now. Perhaps can share which district.
he said: "nearby HT n HDB.."...
so should be nearby HT (hundred trees) and HDB... so must be park west, and waiting for $1kpsf en-bloc.... :cheers4:
rattydrama
18-06-12, 19:40
haha..
i don't like any of the condo along lakeside, actually.
too near mrt track..
:o
Don't need to like it. Can make money will do. Suffer 4 years and make some money and move on. JDL selling dream so dreamer will look see here more often.
to buy for investment u must be very certain that price will not drop and rental market good. As some of the apartment can be old after 4 years of ssd, rental yield must be good at current price before u committ. Otherwise no buffer
he said: "nearby HT n HDB.."...
so should be nearby HT (hundred trees) and HDB... so must be park west, and waiting for $1kpsf en-bloc.... :cheers4:
Yes, it is Hundred Trees but HDB is west coast near NUS. Agents have been bugging me every week to sell HT. Always receive flyers or hand written notes from potential tenants to rent e HDB too, even during severe recession years. Pls dun worry abt rental or resale along West coast, Clementi or Jurong East because supply of HDB n condo is slow n will b limited in future.
The good ones to b launched there r e Hong Leong Gardens Shopping center (956LH), Clementi Ave 6, Jurong East, n Lakeside plot B. Subsale Lakefront Residences, Caspian follow by HT (956LH) r also good value in terms of location. Resale will b e The Parc (FH).
Once this batch is gone, left few good west plots near to e expanding Tuas, Jurong Island, Jurong East, NUS, NP n SP. N u know they wont b cheap.
Above r juz my views hor. U can disagree. Pls dun believe every thing I write :-P I'm also less harsh towards 99LH n LF Residences as pty prices near MRT shot up disproportionately.
ikan bilis
18-06-12, 21:17
Wow.... this bro here so much richer than me... i stayed in clementi hdb also... but cannot afford a condo in clementi... so ended with a birds-no-lay-eggs d23 condo... :ashamed1: :scared-3:
is true very easy to rent out hdb at clementi or west coast... so i'm keep mine for "$-milking'.... :D
Wow.... this bro here so much richer than me... i stayed in clementi hdb also... but cannot afford a condo in clementi... so ended with a birds-no-lay-eggs d23 condo... :ashamed1: :scared-3:
is true very easy to rent out hdb at clementi or west coast... so i'm keep mine for "$-milking'.... :D
Janitor here where got rich. Scrimp n save one lah. Underwear n socks got holes u never c only :p
http://www.todayonline.com/Business/EDC120814-0000118/CapitaLand-Group-to-relocate-to-Westgate-Tower-from-2015
Huat ah!!
Hope JLD continues to grow. It's future is linked very much to the future of Tuas, Jurong Island and Pioneer road industries. At the moment we still retain the advantage in the specialty chemical and pharmaceutical mfg sectors. Iskandar is starting to nibble on the chemical sector.
http://www.mti.gov.sg/ResearchRoom/SiteAssets/Pages/Economic-Survey-of-Singapore-2011/Ch8.1_AES2011.pdf
Another good news...
The long waited Big Box has restarted to construct... Slated to complete by nex year! Hurray!
Another good news...
The long waited Big Box has restarted to construct... Slated to complete by nex year! Hurray!
Finally the sore thumb will go away lol... Any plans on what the concept will be?
Jurong lake district was featyred at ndp this year together with other big projects like marina bay and gbtb etc.
Finally the sore thumb will go away lol... Any plans on what the concept will be?
Haha.. Agree! Sore thumb indeed.
You can find more information at this website: http://www.skyscrapercity.com/showthread.php?t=804568&page=5
TTI finally manages to find a white knight to shower them with $200millions worth of support during early part of this year.
I believe the sales of JEM & Westgate sites really help!
In two years, JLD will have a total of 5 malls: IMM, Jcubes, JEM, Westgate and Big Box. Numbers might swell to 6 if the new JE transportation hub to build like Jurong point. I speculate by end of this year we will know how the JE transportation hub will be.
I'm looking forward for the more GLS and one of which will be the site beaide Lakeside MRT Station. I suspect it will be a mixed development site.
Cheers!
Haha.. Agree! Sore thumb indeed.
You can find more information at this website: http://www.skyscrapercity.com/showthread.php?t=804568&page=5
TTI finally manages to find a white knight to shower them with $200millions worth of support during early part of this year.
I believe the sales of JEM & Westgate sites really help!
In two years, JLD will have a total of 5 malls: IMM, Jcubes, JEM, Westgate and Big Box. Numbers might swell to 6 if the new JE transportation hub to build like Jurong point. I speculate by end of this year we will know how the JE transportation hub will be.
I'm looking forward for the more GLS and one of which will be the site beaide Lakeside MRT Station. I suspect it will be a mixed development site.
Cheers!
Wow like that sure build one big mall like Jurong Point and Clementi Mall lah..... REally transformed man.... I looking forward to the finished product...
How come Ivory heights prices never go up? That project a hidden Gem man..... i looking at it now
Wow like that sure build one big mall like Jurong Point and Clementi Mall lah..... REally transformed man.... I looking forward to the finished product...
How come Ivory heights prices never go up? That project a hidden Gem man..... i looking at it now
Ivory Heights has alrdy gone up... price now stabilised as enbloc isnt likely in the near future.
Science Center just announced a 5 years expansion plans, so it is unlikely to shift to the new site anytime soon.
Science Center just announced a 5 years expansion plans, so it is unlikely to shift to the new site anytime soon.
I think the expansion is on the new site, don't think they going to keep the science center beside the hotel...:2cents:
JEM's Introduction Video:
http://www.youtube.com/watch?v=du1g3dMTB8M&feature=youtu.be
Check this out...
http://www.skyscrapercity.com/showthread.php?t=1105531&page=5
Regulators
15-08-12, 22:45
like any other mall at the end of the day, but to have is always better than not to have
like any other mall at the end of the day, but to have is always better than not to have
Just another mall is nothing... how about having 3 malls now and number will swelled to 5 in two years and probably 6 in 3 years?
:cheers1:
jurong can never have the cozy side for the next 20 years.
unless they demolish those old house and improve its traffic.
musn't forget at the end of the day it still an industry estate
with people from all walks of life. investment for business is
ok, talk about cozy side of living til date still none.
Regulators
16-08-12, 00:19
JTC's birthplace is jurong, only when factories shift elsewhere then can jurong be considered a truly desired residential area. Again investment decisions and logic sometimes don't go hand in hand.
jurong can never have the cozy side for the next 20 years.
unless they demolish those old house and improve its traffic.
musn't forget at the end of the day it still an industry estate
with people from all walks of life. investment for business is
ok, talk about cozy side of living til date still none.
JTC's birthplace is jurong, only when factories shift elsewhere then can jurong be considered a truly desired residential area. Again investment decisions and logic sometimes don't go hand in hand.
yes, i agree with you.
caspian owners should read this.
Regulators
16-08-12, 00:39
i don't consider caspian the worst in jurong, centris has to be among the top contender.
yes, i agree with you.
caspian owners should read this.
sounds like two of you sunrise & Regulators dont like Jurong...:D dont tell me sunrise u stay in LCK and Regulators stay in Sembawang...:D
Cozy is subjective, its in your heart. Be it in Caspian or ulu ulu one far away as long as u are staying happily with your family, that is cozy....my opinion :p
toa payoh also got factories, AMK also have and Yio Chu Kang also have and so on...singapore so small, cant run away actually.
Ivory Heights has alrdy gone up... price now stabilised as enbloc isnt likely in the near future.
600+ is too cheap lah... Should be at least 800psf right? When the condo site at boon lay way is launchednthen surengo up
Regulators
16-08-12, 01:04
actually if anyone is to be blamed, it has to be the govt. those living in jurong are not spared of industrial effluents in the air every minute of the day, one moment cocoa, one moment tobacco, one moment petrochemical, those living in jurong will know. i can't say lifestyle is bad there but running into foreign workers from china and india in jurong wherever you go can be very annoying.
sounds like two of you sunrise & Regulators dont like Jurong...:D dont tell me sunrise u stay in LCK and Regulators stay in Sembawang...:D
Cozy is subjective, its in your heart. Be it in Caspian or ulu ulu one far away as long as u are staying happily with your family, that is cozy....my opinion :p
toa payoh also got factories, AMK also have and Yio Chu Kang also have and so on...singapore so small, cant run away actually.
600+ is too cheap lah... Should be at least 800psf right? When the condo site at boon lay way is launchednthen surengo up
Yes, the new condo won't be cheap. The pent-up demand will be very high in the area. http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1204276/1/.html
The plot was sold in May 2012, so I'm expecting the launch sometime in Q1-Q2 2013. If indicative psf is out in Q1 2013, it should trigger psf increase of condos in that area around that period.
actually if anyone is to be blamed, it has to be the govt. those living in jurong are not spared of industrial effluents in the air every minute of the day, one moment cocoa, one moment tobacco, one moment petrochemical, those living in jurong will know. i can't say lifestyle is bad there but running into foreign workers from china and india in jurong wherever you go can be very annoying.
No la, don't blame the garmen la, you have a choice, if here so bad u have your choice to stay else where...if u travel around the world and look at those developed cities and u should be glad to see greenery, parks, etc. Such planning not easy and ppl are trying to learn from us. :p
Appreciate your surrounding and u can't expect everywhere to be like LCK or end of Sembawang especially we need to balance between residential & industrial with such limited land. Many ppl staying in Jurong would disagree what u have mentioned about the air and surrounding and very sure u don't stay there which is why u make such comment...;)
No la, don't blame the garmen la, you have a choice, if here so bad u have your choice to stay else where...if u travel around the world and look at those developed cities and u should be glad to see greenery, parks, etc. Such planning not easy and ppl are trying to learn from us. :p
Appreciate your surrounding and u can't expect everywhere to be like LCK or end of Sembawang especially we need to balance between residential & industrial with such limited land. Many ppl staying in Jurong would disagree what u have mentioned about the air and surrounding and very sure u don't stay there which is why u make such comment...;)
yah lor... not easy to plan.. you just look at Jarkarta..such a big city with no MRT (heard corruption lah).. the traffic jam is really a nightmare compare to 10 yrs ago... if people say bangkok is worst, i think jarkarta is more jiat lat..
so dont everything also blame the government... worst..the young kids will grow up and blame every thing except themself... :)
Its always good to know that there are still people who doesnt see the value of JLD at this moment.
SRC refinery set for US$500m upgrade
With engineering work underway, it is sounding out plant contractors soon
BY RONNIE LIM PRINT |EMAIL THIS ARTICLE
PUBLISHED AUGUST 16, 2012
http://www.businesstimes.com.sg/premium/singapore/src-refinery-set-us500m-upgrade-20120816
AS more rival refineries emerge in Asia and the Middle East, Singapore Refining Company - the joint venture of oil giants PetroChina and Chevron - is set to embark very shortly on a US$500 million-plus upgrading of its Jurong Island facility.
Additionally, the 290,000 barrels per day (bpd) SRC, the smallest here after ExxonMobil's 605,000 bpd refinery and Shell's 500,000 bpd facility, has started a longer-term feasibility study - tagged the "Lion" project after the red lion logo of PetroChina-owned Singapore Petroleum Company - on how it can further beef up the refinery's competitiveness and technological complexity.
But on a more immediate front, with engineering work already well underway on its upgrading project, SRC will be sounding out plant contractors very soon for this, BT has learnt.
"We have to fight the competition, or lose," a source stressed.
The upgrading comprises building three new plants, including a "green," or ultra-low sulphur, gasoline plant to treat the 25,000 bpd of petrol which SRC currently produces to meet Euro IV specifications; a base oil or lubricants feedstock unit, and an in-house 60-70 megawatt cogeneration plant to supply the refinery with its own utilities including power and steam.
"The upgrading is on track for FID (final investment decision) early next year," the source added, with the target being Q1, 2013 or thereabouts.
The SRC upgrading comes amidst warnings by industry experts like Fereidun Fesharaki, Facts Global Energy chairman, who warned that amidst the emergence of new, world-scale refining capacity elsewhere, "it's a survival issue for the Singapore industry."
The Economic Development Board is also keen to see the existing refineries here upgrade their complexity to add value and stay globally competitive.
SRC's planned Euro IV petrol plant investment comes as the National Environment Agency met recently with the industry here on this, with 2014 said to be the implementation target for the launch of the greener petrol here.
"But the Singapore market, which is quite small, is not the main target for the SRC upgrading," another source said, adding that SRC is looking at other regional markets to sell the green petrol, including Australia where recently, several small uncompetitive refineries have been forced to shut.
SRC's investment in a cogeneration plant - like those the other refiners here already have - is necessary to keep the refinery cost-competitive, especially given the high energy costs here, the source added.
"All three upgrading units, including the base oil plant, are meant to enhance the refinery's complexity and value-add."
Longer term, SRC has contracted CPECC, or China Petroleum Engineering and Construction Corporation), to handle its Lion project studies on how to further beef up the robustness of the refinery.
According to online postings by engineers involved in the Lion project, this comprises work to optimise SRC's process units from crude distillers to petrol units (catalytic crackers), as well as to identify potential projects which can be modified for improved operations.
Its always good to know that there are still people who doesnt see the value of JLD at this moment.
Actually you are so right.... I spoke to a few friends and relative and theynare skeptical it will boom... Simgaooreans wants to buy instant gratification... But must pay a premium if they want lah lol....
wonder which developer submitted the bid.
The other Reserve List site which has been triggered for sale is the hotel site at Jurong Town Hall Road.
An unnamed developer has pledged to bid at a price of at least S$101,988,888 for the 0.9 hectare plot.
URA said the 99-year leasehold site has a potential gross floor area of about 19,000 square metres.
It has been earmarked for a distinctive hotel development with a garden setting which will help to anchor Jurong Lake District as a unique lakeside destination for business and leisure.
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1224147/1/.html
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