NTUC Club to invest $200 million to revamp Downtown East, Singapore
7 August 2012
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NTUC Club has announced that it will invest $200 million over the next five years to revamp Downtown East, Singapore.
SAFRA, or the Singapore Armed Forces Reservists Association, said that it will add a six-storey multi-entertainment centre in the city and a new club in Punggol over the next three years.
SAFRA will build a new club in Punggol, which will be completed in 2015. The club, which will be developed with an estimated budget of SGD50 million ($40 million), will be built on a one-hectare plot of land with a waterfront pedestrian promenade near the Punggol MRT Station.
At Downtown East in Pasir Ris, the former Escape Theme Park site will be making way for a bigger Costa Sands Resort.
The resort will be expanded from three hectares to 3.8 hectares approximately about the size of five football fields and will house 400 rooms. A meeting and conference facility which includes a multi-purpose hall that can host up to 3,000 people will also be built.Work at Downtown East is expected to start in the last quarter of the year, with the entire project slated for completion in the latter half of 2017.
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NTUC such huge investment at DTE explain everything, in future not only for family but also for company events/conf etc that can hold upto 3000 people. I think they already know where the MRT station going to be