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Thread: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

  1. #31
    Unregistered Guest

    Default Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

    Quote Originally Posted by Unregistered
    I HAVE CANCELLED MY PLANS TOO. CAN WAIT FOR A BIG DROP.

    Tks. With people like that, I'll go in to invest. At least prices will not be pushed up so quickly.

  2. #32
    Unregistered Guest

    Default Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

    Jurong East properties cheong ah!. URA will be releasing 2008 masterplan in May. Don't sell youreelf short. Many big plans for suburbs will be announced next month.

  3. #33
    Unregistered Guest

    Default Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

    Economy Loses 80,000 Jobs, Worse Than Expected
    By Reuters | 04 Apr 2008 | 08:32 AM ET

    US employers cut payrolls for a third month in a row in March, slashing 80,000 jobs for the biggest monthly job decline in five years as the economy headed into a downturn, government data on Friday showed.


    The Labor Department revised the first two months of the year's job losses to a total of 52,000 from a previous estimate of 85,000. The March unemployment rate jumped to 5.1 percent from 4.8 percent, the highest since a matching rate in September 2005.

    The March job report was more bleak than expected.

    Economists polled ahead of the report forecast a decline of 60,000 in non-farm payrolls and a rise in the unemployment rate to 5 percent.

    "It's not a good number, clearly," said David Bianco, chief US equity strategist at UBS. "But the market has been braced for a bad number. Almost every investor equity and otherwise would acknowledge that we are in a recession but we still think it is a mild recession and we are going to have pretty good profit conditions in the S&P 500 for this quarter and for the rest of the year."

    During the first quarter of this year job losses averaged 77,000 a month, compared to average monthly gains of 76,000 in the last half of 2007, according to Keith Hall, Bureau of Labor Statistics Commissioner.

    Job losses were widespread during the month, with the biggest losses in the construction and manufacturing sectors.

  4. #34
    Unregistered Guest

    Default Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

    This is certainly great news to all Jurong property owners, especially to all who owns a place near the Lake where most of the actions will be.

  5. #35
    Let's Spoil The Forum Guest

    Default Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

    Published March 27, 2008

    Rising tide of foreigners snapping up S'pore property

    S'poreans buying more private homes but their share is still falling as foreigners outpace them

    By KALPANA RASHIWALA


    (SINGAPORE) Take a walk down some of the poshest parts of Singapore and your eyes will confirm precisely what the numbers say. With its immigration-friendly policies and its growing attraction for wealthy individuals across the world, Singapore is seeing more foreigners than ever before parking their funds in private property here - especially in the Core Central Region (CCR).

    Singaporeans, too, are buying more private property but, in relative terms, their share is dwindling because of the foreign influx.

    Result: From a 77 per cent share in the purchases of private apartments and condo units here in 2000, Singaporeans have seen their slice drop to 63 per cent in 2007, according to a study by Jones Lang LaSalle. This is their lowest share since 1995, which is as far back as the caveats captured by Urban Redevelopment Authority's Realis system go.

    Conversely, foreigners (including permanent residents) accounted for 29 per cent of non-landed private homes purchased here last year - nearly double their 16 per cent share seven years earlier and also their highest ever.

    Companies account for the remaining purchases.

    Market watchers expect the trend to continue in the mid- to long-term. 'We need the external talent to support Singapore's economic growth in the long term, as the citizen population has not been replacing itself sufficiently,' says JLL's head of research (SE Asia) Chua Yang Liang.

    JLL's study shows the trend of declining ratio of Singaporeans among non-landed private home buyers was most apparent in CCR - which has been a hotbed of purchases by foreign investors.

    Here, Singaporeans accounted for 47 per cent or less than half the caveats lodged for the purchase of non-landed private homes last year, while foreigners (including PRs) had a 41 per cent share, nearly double their 21 per cent share back in 2000, according to Jones Lang LaSalle's analysis.

    Foreigners who are not PRs have shot up the buying charts. They picked up 26 per cent of non-landed homes that changed hands in CCR last year, compared to their 11 per cent share seven years earlier. CCR includes the prime districts 9,10 and 11, Downtown Core location and Sentosa Cove.

    DTZ executive director Ong Choon Fah likens the luxury residential sector in CCR to Central London, with a high proportion of foreign ownership. 'We'll have to accept that Singapore will be open to international competition, with funds and high net-worth individuals coming in. People who cannot afford to live in these areas will have to find alternative locations,' Mrs Ong says.

    JLL's study showed that even in the Outside Central Region (which covers suburban locations and is a realm dominated by typical Singaporean home upgraders), the share of foreign buyers (including PRs) went up to 22 per cent last year from 13 per cent in 2000.

    In the Rest of Central Region, which covers the mid-tier market, foreigners' (including PRs') share increased from 18 per cent in 2000 to 29 per cent in 2007. The percentage of non-landed homes bought by Singaporeans in the area fell from 74 per cent in 2000 to 61 per cent last year.

    Jones Lang LaSalle analysis covered caveats lodged for the purchase of non-landed private homes in both primary and secondary markets (including subsales).

    Overall, the absolute number of such properties purchased by all categories of buyers has increased over seven years. The total caveats lodged for purchases of apartments/condos more than tripled, from 9,347 in 2000 to 30,576 last year. Even though Singaporeans bought more than they did in 2000, their share fell as purchases by foreigners saw higher percentage gains.

    Islandwide, the number of private apartments/con- dos bought by Singaporeans jumped 165 per cent from 7,225 units in 2000 to 19,154 units last year.

    Over the same period, the number of private apartments/condos bought by foreigners (counting PRs as well) leapt 496 per cent from 1,491 units in 2000 to 8,884 units in 2007.

    The increase was due partly to the influx of foreign talent into Singapore. 'As birth rate of the citizen population is below replacement level, in-migration has been necessary to sustain economic growth. As at end-2007, Singapore's total population stood at 4.588 million, with well over a million foreigners. This is a 33 per cent increase from the 750,000 foreigners as at-end 2000,' JLL says.



  6. #36
    Let's Spoil The Forum Guest

    Default Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

    Published March 27, 2008

    Foreigner factor in property here to stay

    Rising rents, influx of foreign talent set to spur demand for homes, say analysts

    By KALPANA RASHIWALA


    THE attraction to foreigners of buying a non-landed home in Singapore isn't expected to wane in the mid- to longer-term, say property experts.

    Jones Lang LaSalle's head of research (SE Asia) Chua Yang Liang expects the ratio of foreign buying to be maintained in the short term - because of sub-prime uncertainty - but to increase moderately in the medium to longer term.

    'A key factor is that residential rents have moved up quite a fair bit, and the low interest rate environment will encourage more foreigners and PRs (living here) to consider taking up home ownership,' he added. This, of course, is assuming that they can get loans.

    Another factor that will contribute to the trend is the government's policy of encouraging more immigration into Singapore to power the Republic's economic growth, say market watchers.

    Knight Frank executive director (residential) Peter Ow notes that non-PR foreign investors were last year a major buying force especially in the Core Central Region (CCR), drawn by the story of Singapore's transformation into a global city and its ambitions to be a hub in many fields - including financial, healthcare, education, R&D.

    'The implication is that Singapore's property prices, especially in CCR, will be more affected by events in the rest of the world such as the sub-prime crisis which is now unfolding.

    'But that's not necessarily a bad thing. If the situation worsens overseas and international investors view Singapore as a safe haven, that could draw more foreign funds to the local property market, especially in the CCR,' Mr Ow reckons.

    'Increasingly, we may see more foreigners who will be able to afford properties in CCR. That also explains why some high-end residential developers are feeling pretty confident that prices will not slide in the luxury tier, as demand is being supported by foreign investors looking for a place to park their monies,' Mr Ow said.

    A 12 percentage-point slide in Singaporean buyers' share of private apartments/condo purchases in the Outside Central Region - which covers mass-market suburban locations, the staple of Singaporean upgraders - between 2000 and 2007 revealed in JLL's study may have implications on that perpetual Singaporean dream - of upgrading to a private condo.

    'The authorities may have to ramp up supply of the high-end of public housing, like the Design, Build and Sell Scheme (DBSS), and executive condos (ECs) to cater to local home buyers,' Mr Ow suggests.

    ECs are condominium housing that have resale and other restrictions in the first 10 years, while DBSS are public housing flats designed, built and sold by private sector developers.

    DTZ executive director Ong Choon Fah also says these housing types will help meet the aspirations of Singaporeans who feel priced out of private housing. 'There's a right product for everybody. We must understand that in a global economy, there is open competition. We must embrace meritocracy. Anybody can buy the product if they can pay. To survive, Singapore must keep attracting the best.'


  7. #37
    Let's Spoil The Forum Guest

    Default Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

    Published March 27, 2008

    Residential rents seen rising further

    En bloc sales and population increase caused by influx of foreigners will continue to fuel demand, writes LEONARD TAY


    RESIDENTIAL rents bottomed out in 2004, recovering until 2007 when they staged an extraordinary rise, surging by more than 40 per cent within the year. This was the highest rate of increase in Urban Redevelopment Authority's private residential rental index since the index started in 1990.

    And 2008 is likely to see continued strength in rentals, although growing at a more modest pace of 5-10 per cent.

    Rents rose a negligible 0.2 per cent in 2004, and then a stronger 3.1 per cent in 2005, according to the URA private residential rental index. But as the residential sector recovered strongly from 2006 onwards, rental values rose more steeply.

    The non-landed residential segment, which forms the bulk of the leasing market, chalked up rental growth of 15 per cent in 2006 before sky-rocketing 43.1 per cent in 2007.

    A key reason for the supernormal growth in rents was the population increase as a result of immigration. Singapore's total population rose from 4,401,400 in 2006 to 4,588,600 in 2007, an addition of 187,200, of which Singapore residents made up 57,200 while foreigners constituted 130,000. This is a 14.8 per cent rise year-on-year and is the largest increase in the number of foreigners seen in over seven years. The foreign population refers to professionals, workers, students and their family members. This is the first time the total has crossed the one-million mark. The increase in 2006 was 9.7 per cent.

    Main attractions

    The positive run in the economy, growth prospects for the country and an attractive living environment brought many here, leading to the surge in demand for housing accommodation. The foreigners chose Singapore because of the job opportunities here and its connectivity to other major cities in Asia. Generally, they formed the bulk of the tenant pool and the prime districts (Orchard, Holland and Bukit Timah areas) were their favourite locations. However, due to the recent escalating rents, more expatriates have opted to move out of the prime districts for cheaper accommodation elsewhere. Some have even gone ahead to buy their own homes instead of renting.

    The swelling demand was further fuelled by the number of residential projects that were sold on the collective sale market. A number of displaced home owners have rented in the interim while waiting for their new replacement homes to be completed.

    While rents have increased islandwide, some regions are ahead of the pack. Rents in the Core Central Region (districts 9, 10, 11, Downtown Core and Sentosa) lead the market with a median rent of $3.86 per sq ft per month, going by URA's median rent numbers at end-2007. This is followed by the Rest of Central Region with a median rent of $2.74 psf per month and the areas Outside of Central Region with a median rent of $2.01 psf per month.

    Using CBRE Research's basket of properties for the luxury, prime and island-wide segments of the leasing market, average rents have reached even higher levels. The average rent for luxury residences ended 2007 at $6.10 psf per month, having risen 36 per cent during the year. Properties in this luxury class include the top 10 to 15 completed condominiums located in the prestigious areas around Orchard Road.

    Average rents for prime residential properties were $4.50 psf per month, having increased by 55 per cent in 2007, while islandwide rents were $2.65 psf per month, after rising 33 per cent in the same period.

    As rentals at prime and popular locations become more expensive, both local and foreign residents have been moving further out; first to the city fringe and eventually along the east-west axis of the MRT lines to the suburban areas. A comparison of non-landed median rents from the URA's Realis system in December 2006 and December 2007 shows that the most significant increases have not been restricted to the central areas, but have been seen in the eastern and western parts of the island.

    It should be noted that although districts 9 and 10 remain the most popular among expatriates, these districts have a range of old and new residences, leading to a relatively lower median rent compared with those in district 4. The residential landscape in district 4 (Telok Blangah/Harbourfront) is generally more homogenous and comprises newer developments that can fetch a premium.

    Outlook for 2008

    The leasing market is expected to remain firm in 2008 and rents will continue to rise, albeit at a more moderate pace in line with the less aggressive growth projected for the economy. The same phenomenon experienced in 2007 will continue into 2008 as fringe and suburban areas become more sought after by occupiers who find the higher rents in the prime central areas prohibitive. The spillover from the central area would cause rents to rise in other parts of the island and lead to overall growth in the leasing market.

    At the same time, as Singapore continues to attract the well-heeled from around the world, rents for luxury and city living condominiums in the popular areas around Orchard Road and the CBD will continue to move upwards. Average residential rents are expected to increase by about 5-10 per cent this year.

    Leonard Tay is a director of CBRE Research

  8. #38
    Let's Spoil The Forum Guest

    Default Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)


  9. #39
    Let's Spoil The Forum Guest

    Default Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

    HDB And Private Property Prices Up In Q1
    Channel NewsAsia
    1 April 2008 1345 hrs

    Private residential property prices in Singapore rose 4.2 percent in the first quarter this year, according to the latest preliminary estimates from the Urban Redevelopment Authority.

    The pace was slower than the 6.8 percent clip recorded in the fourth quarter of last year.

    On a quarter-on-quarter basis, the biggest rise in property prices for non-landed properties came from outside central region - up 4.8 percent in the January-March quarter compared with the October-December period.

    Properties in the prime districts of 9, 10 and 11, as well as the downtown area and Sentosa, rose 4.4 percent on quarter.

    Prices in the rest of the central region increased 3.9 percent in the first quarter from the previous three months.

    The preliminary estimates were based on transaction prices given in caveats lodged during the first 10 weeks of the quarter, as well as the number of new units sold.

    Meantime, the Housing and Development Board (HDB) said prices of HDB resale flats rose 3.4 percent in the January to March period over the previous three months. This was lower than the 5.7 percent increase in the fourth quarter.

    Both the URA and HDB will release final figures at the end of April.

    The URA said that as at 4th Quarter 2007, there are about 64,900 private residential units in the pipeline, of which about 56,100 new private housing units are expected to be completed between 2008 and 2011.

    There are also some 38,300 units that have yet to be put on sale by developers.

    As for the supply of government flats, the HDB said it had made available in the first quarter of this year some 1,100 new flats in two Build-To-Order (BTO) projects in Punggol and Yishun.

    It said that depending on demand, there could be another 5,000 new BTO flats in towns such as Punggol, Sengkang, Woodlands and Bukit Panjang.

    The total planned BTO supply of 6,100 new flats for January till September 2008 will surpass the annual BTO flat supply in 2007 and 2006.

    This new supply of flats will be in addition to those offered under Balloting Exercises for surplus replacement SERS and other flats, as well as the planned release of three Design-and-Build sites in Simei, Toa Payoh and Bedok with some 1,500 flats in the first half of 2008.

  10. #40
    Let's Spoil The Forum Guest

    Default Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

    URA releases flash 1st quarter 2008 private residential property price index

    The Urban Redevelopment Authority (URA) released today the flash estimate of the price index of private residential property for 1st Quarter 2008.

    Based on the estimated price index of private residential property, prices rose from 170.8 points in the 4th Quarter 2007 to 178 points in the 1st Quarter 2008. This represents an increase of 4.2%, compared with the 6.8% increase in the previous quarter (see Annex A).

    URA also released today the flash estimates of the price changes in the 3 geographical regions for 1st Quarter 2008. Prices of non-landed private residential properties increased by 4.4% in Core Central Region, 3.9% in Rest of Central Region and 4.8% in Outside Central Region in the quarter (see Annex B). In comparison, for 4th Quarter 2007, prices of non-landed private residential properties increased by 7.5% in Core Central Region, 7.7% in Rest of Central Region and 7.0% in Outside Central Region.

    The flash estimates are compiled based on transaction prices given in caveats lodged during the first ten weeks of the quarter supplemented by information on the number of new units sold. The statistics will be updated 4 weeks later when URA releases the full 1st Quarter 2008 real estate statistics, when more data on the caveats lodged and the take-up of new projects are captured. Past data have shown that the difference between the quarterly price changes indicated by the flash estimate and the actual price changes could be significant when the change is small. The public is advised to interpret the flash estimates with caution.

    The Government will continue to monitor prices closely and release relevant price sensitive information in a timely manner. On the supply side, as at 4th Quarter 2007, there are about 64,900 private residential units in the pipeline, of which about 56,100 new private housing units are expected to be completed between 2008 and 2011. About 38,300 units of the supply in the pipeline (or 59%) have not been sold by developers yet. Prospective home-buyers are advised to take into consideration the ample pipeline supply of private housing when making decisions on property purchase.

  11. #41
    Registered Guest

    Default Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

    you 2 idiots, post your news in the general section

  12. #42
    Unregistered Guest

    Default Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

    Quote Originally Posted by Registered
    you 2 idiots, post your news in the general section
    administrator, please do something to these news

  13. #43
    Unregistered Guest

    Default Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

    Quote Originally Posted by Registered
    you 2 idiots, post your news in the general section
    As the username goes, they are doing this in the hope to spoil this forum. I think they should change their username to sourgrapes.

  14. #44
    CNA Guest

    Default Government Announces Plans For Jurong Lake District


    Government announces plans for Jurong Lake District
    Wong SiewYing
    Channel NewsAsia
    Friday, 4 April 2008, 1129 hrs

    .....
    Artist's impression of Lakeside Village, Jurong Lake District


    Night view of Jurong Gateway from Japanese Garden

    Jurong is set to be home to the largest commercial hub outside the city centre.

    The Jurong Lake District – made up of two precincts, Jurong Gateway and Lakeside – will offer a potential development area of 360 hectares or about the size of Marina Bay.

    National Development Minister Mah Bow Tan announced this when he unveiled part of the government's ‘Draft Master Plan Review 2008’. The blueprint will guide Singapore's land use over the next 10 to 15 years.

    The Urban Redevelopment Authority (URA) said that some 750,000 square metres of land will be set aside at Jurong Gateway for offices, hotels, food and beverage, and entertainment uses.

    Jurong Gateway will be nearly 2.5 times the size of the Tampines Regional Centre and is expected to attract billions of dollars in investment.

    Speaking at the annual corporate plan seminar, National Development Minister Mah Bow Tan said decentralisation will be a key planning strategy. This will help bring jobs and recreational options closer to home.

    Under the proposed plan, 1,000 new private apartments will also be built at Jurong Gateway.

    Mr Mah said: "That is the initial estimate, but some of the sites around there are white sites. If there is more demand, we will certainly be able to reallocate.

    "But all this ultimately will have to depend on the market as well - how the market responds and whether the emphasis of more housing or more office. I think we will have to be guided by the market."

    Some 2,800 hotel rooms will also be added in the new district in anticipation of more visitors.

    And what will get them coming is a slew of nature-themed and edu-tainment attractions, which will spring up at Lakeside. A new world-class Science Centre will also be built next to the Chinese Garden MRT station.

    Visitors can also look forward to lush greenery and water-based activities.

    Urban planners said there is a lot going for Jurong as investors will be able to tap into a population catchment of over one million residents living in nearby housing estates, as well as leverage on some 3,000 companies already operating in the area.

    In addition, the new district will be served by three MRT stations and two major expressways.

    Apart from Jurong, Paya Lebar is also expected to be developed into a sub-regional centre. The URA will release more details in May.

  15. #45
    Unregistered Guest

    Default Government Announces Plans For Jurong Lake District

    Jurong East properties cheong ah!. URA will be releasing 2008 masterplan in May. Don't sell youreelf short. Many big plans for suburbs will be announced next month.

  16. #46
    Unregistered Guest

    Default Government Announces Plans For Jurong Lake District

    This is certainly great news to all Jurong property owners, especially to all who owns a place near the Lake where most of the actions will be.

  17. #47
    Unregistered Guest

    Default Re: Government Announces Plans For Jurong Lake District

    Quote Originally Posted by Unregistered
    Jurong East properties cheong ah!. URA will be releasing 2008 masterplan in May. Don't sell youreelf short. Many big plans for suburbs will be announced next month.
    The ambitious plan is to be implemented over the next 10 to 15 yrs!

  18. #48
    Unregistered Guest

    Wink Re: Government Announces Plans For Jurong Lake District

    Quote Originally Posted by Unregistered
    The ambitious plan is to be implemented over the next 10 to 15 yrs!

    The MasterPlan 2008 should actually be out in May , but the plans for Jurong jumped gun. Why? It must be the biggest, most major transformation to date that made them announce so early. obvious, isn't it?

  19. #49
    Unregistered Guest

    Default Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

    10-15 years can see 2-3 boom bust cycles. Loooooooong time.

  20. #50
    Unregistered Guest

    Default Re: Government Announces Plans For Jurong Lake District

    Quote Originally Posted by Unregistered
    Jurong East properties cheong ah!. URA will be releasing 2008 masterplan in May. Don't sell youreelf short. Many big plans for suburbs will be announced next month.
    Great news which means Dist 9, 10 and 11 will get cheaper. Wah! Let the crowd rush to Jurong.

  21. #51
    Unregistered Guest

    Default Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

    Quote Originally Posted by Unregistered
    10-15 years can see 2-3 boom bust cycles. Loooooooong time.
    Aiyah, look at Punggol, they also came out with the Masterplan to turn it into a big recreational centre what, look at the prices there now, shooting up??

  22. #52
    Unregistered Guest

    Default Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

    Quote Originally Posted by Unregistered
    10-15 years can see 2-3 boom bust cycles. Loooooooong time.

    hah, 2 boom cycles indeed. Which means during a down cycle, your property will not hold it's price as well as the property in Jurong

  23. #53
    Unregistered Guest

    Default Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

    Everything will be the same. Depends on economy, jobs. Just keep constructing is temporary fix. Need solid growth lah else only bubble.

  24. #54
    Unregistered Guest

    Default Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

    Quote Originally Posted by Unregistered
    Aiyah, look at Punggol, they also came out with the Masterplan to turn it into a big recreational centre what, look at the prices there now, shooting up??

    Please lah.... that Punggol paln is only a shopping mall and waterfront promenade, don't you know? How to compare the magnitude

  25. #55
    Unregistered Guest

    Default Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

    Quote Originally Posted by Unregistered
    Aiyah, look at Punggol, they also came out with the Masterplan to turn it into a big recreational centre what, look at the prices there now, shooting up??
    How did you know prices in and around Punggol areas shoot up? My condo prices shot up by 48%.

    You are good! Huat ah!

  26. #56
    Unregistered Guest

    Default Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

    Quote Originally Posted by Unregistered
    hah, 2 boom cycles indeed. Which means during a down cycle, your property will not hold it's price as well as the property in Jurong
    Are you OK? Out of the blue, you start talking cock here.

  27. #57
    Unregistered Guest

    Default Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

    Quote Originally Posted by Unregistered
    To that, friend, this is

    extracted from speech by Mr Mah..


    Upcoming Developments

    The Jurong Lake District will become a mini city that is distinctive in character. The District may take 10 to 15 years to be fully developed but we need not wait so long to see the transformation. Many new projects are already in the pipeline. For instance, by the end of this year, Jurong Lake will be enhanced to facilitate water-based activities such as kayaking and dragon-boating. We will also see new facilities such as a golf resort hotel, new hospital, boardwalks and wetlands being developed here.

    A new Big Box development by TT International is currently under construction near the Jurong East MRT Station. This development will be similar to the Warehouse-Retail development cluster at Tampines. When ready by the end of 2009, this Big Box development will add approximately 34,000 sq m of new retail space, similar in size to the Tampines cluster. The Jurong Entertainment Centre will also be redeveloped by next year. It will be home to Singapore’s first Olympic-size ice skating rink.

    The Science Centre will be redeveloped within the next few years. The development timeframe will be announced shortly. During the redevelopment period, the existing facility will continue to operate, ensuring that learning opportunities remain available to its visitors.

    Key infrastructure such as roads and utility services will be put in place progressively over the next few years to support the development in Jurong Lake District.

    Conclusion

    These upcoming developments will significantly transform Jurong East. There is a lot to look forward to, not only for those living there now, but also for those who work there and for those looking for new places to visit. Jurong Lake District will become the next lifestyle and leisure destination in Singapore, a modern and attractive district in its own right. The efforts we are making to remake Jurong complement the other redevelopment and rejuvenation plans we have unveiled, from Marina Bay to Beach Road, from Punggol 21 to Yishun and Dawson HDB estates.
    Yes, it's good!
    Huat ah!

  28. #58
    The Straits Times Guest

    Default Jurong's Massive Makeover


    Jurong's massive makeover
    Area the size of Marina Bay will be transformed with homes, hotels, shops, eateries and offices linked to MRT via walkways and waterways

    Jessica Cheam
    The Straits Times
    Saturday, 5 April 2008



    Extreme makeovers do not come more dramatic than this.
    In an ambitious plan unveiled yesterday, a large swathe of Jurong will be redeveloped and rebranded the Jurong Lake District.

    The 350ha area affected is similar in size to Marina Bay, and will boast all the elements of a vibrant mini-metropolis.

    That means new high-rises, hotels, apartments, shops, food places and offices as well as no end of water-related recreational pursuits, with everything linked to MRT stations via walkways and waterways.

    Unveiling the plans yesterday, National Development Minister Mah Bow Tan described Jurong as somewhat under-recognised, 'a gem yet to be uncovered and refined'.

    Among Singapore's public housing estates, Jurong has been something of an ugly duckling, its factories giving the place a decidedly industrial-town feel. This is an image it will shed in the next 10 to 15 years as the new plans come to life.

    Reinventing Jurong is a challenge, Mr Mah acknowledged. 'But we want to show that this is not pie in the sky, it's something real,' he said.


  29. #59
    Unregistered Guest

    Talking Re: Lakeshore (D22, 99-year Leasehold, by Far East Organization)

    Quote Originally Posted by Unregistered
    Are you OK? Out of the blue, you start talking cock here.

    Simple logic and you don't understand? That's why I say, read more.

  30. #60
    The Straits Times Guest

    Default Singapore's Very Own Lake District


    Singapore's very own Lake District
    Jurong is set to shed its industrial image with a stunning makeover

    Jessica Cheam
    The Straits Times
    Saturday, 5 April 2008


    POLISHING A 'GEM': Set around the Chinese Garden and Lakeside MRT stations will be new tourist attractions and parks, complemented by water activities. -- ST Photo: Francis Ong

    Jurong tends to conjure up unflattering images of factories and sleepy suburbia, but the area is slated for a stunning makeover that will transform it into Singapore's only lakeside destination.
    National Development Minister Mah Bow Tan yesterday unveiled a vision for a revamped Jurong, starting with a new name: the Jurong Lake District.

    The ambitious plan, to be implemented over the next 10 to 15 years, involves building new waterways, 1,000 private homes, 2,800 hotel rooms and adding 750,000 sq m of office and retail space.

    The Jurong Lake District, which at 360ha is the size of Marina Bay, will consist of two precincts.

    One is the 70ha Jurong Gateway, which will boast swanky new offices, condos and entertainment features, including an Olympic-size ice-skating rink, all set around Jurong East MRT station.

    The other is Lakeside, which is being targeted as a hang-out for young families.

    It will feature a bold new science centre, tourist attractions and parks complemented by water activities, all set around the Chinese Garden and Lakeside MRT stations.

    Mr Mah told a 500-strong audience at an Urban Redevelopment Authority (URA) seminar yesterday that many Singaporeans saw Jurong as a suburban residential and industrial area 'located far away from the city centre'.

    But he described it as a 'gem', with compelling reasons singling it out for redevelopment. It is near established towns, with a large labour force and a population catchment of more than one million residents.

    It is also a thriving business hub, with more than 3,000 companies - from multinationals to tiny operations - two universities and research centres such as one-north in the vicinity. That made it an ideal business location for cutting-edge technology, said Mr Mah.

    Existing transport links - the PanIsland and Ayer Rajah expressways and two MRT lines - also connect Jurong East to the city quickly.

    Mr Mah pointed to another benefit of the plan: the proximity of jobs to homes in the area, which reduced the need to commute and eased pressure on transport services.

    Jurong's rejuvenation is part of a broader URA decentralisation strategy to balance economic growth, reduce commuting and provide a high quality of life with many leisure options.

    It will announce its plans next month to redevelop Paya Lebar. Both initiatives are part of its 2008 Draft Masterplan Review.

    URA chairman Alan Chan said the ideas for Jurong were the result of consultation with a wide spectrum of public and private industry players.

    Market watchers welcomed the news, saying it would inject new life into Jurong, which has struggled for years to shed its industrial image.

    Colliers International's director of research and consultancy Tay Huey Ying said the plan 'would lift the popularity and value of property in the mid- to long-term'.

    PropNex chief executive Mohamed Ismail predicted that home prices could increase by five to 10 per cent in the next two years.

    Madam Halimah Yacob, an MP for Jurong GRC, said the rejuvenation was a welcome move.

    The Chinese and Japanese gardens, for example, were under-utilised and could do with a makeover, she said.

    Residents are also excited.

    Manager David Lim, 49, who owns a four-room HDB flat at Lakeside, said he hardly stays in Jurong for his weekend recreational activities.

    'But to have all these amenities so close to home will really be a bonus,' he said.

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