Not sure if you are saying you are excited about the hotel in JLD or not. I suppose one can be excited for the wrong reasons.Originally Posted by sunrise
Newbie
Not sure if you are saying you are excited about the hotel in JLD or not. I suppose one can be excited for the wrong reasons.
Newbie
Wow such faith, they should probably hire you to be their spokesperson. Even genting is just taking a bet here, it remains to be seen who will be the ones renting rooms here and you're already assuming 100% occupancy for the whole month at 200 bucks a night. What an ANALyst you must be.
Yes jld is in the early development stages but please don't speak like it is already developed.
[Nov 2014]
No reprieve in sight for battered Genting Singapore in Q4
The gaming giant is playing a losing bet.
There’s no end in sight for Genting Singapore’s woes in the near-term. The gaming giant had previously reported that its profits have plunged 56.9% year-on-year to $88.6m in Q3, as the group continues to feel the impact of lesser China inbound visitors.
According to DBS, there’s no reprieve in sight for Genting, as China’s ongoing anti-corruption crackdown is likely to keep Mainland high-rollers away from Singapore’s casinos for quite some time.
“China has resulted in 3Q14 VIP GGR in Macau and Singapore dropping by 19% and 24% y-o-y respectively. With no clear signs of the anti-corruption drive ending soon and intensifying competition in the mass segment, we believe the headwinds to GENS business will continue. Thus, we see limited re-rating catalysts for GENS near term,” noted DBS.
DBS also noted that Genting is also suffering from uncertainty over the timing of the outcome of the bill to legalise casinos in Japan.
- See more at: http://m.sbr.com.sg/hotels-tourism/n...re-in-q4#.dpuf
Newbie
Happy lunar new year to all!
May the year of the Goat be a Gateway to good health, happiness and prosperity for you and your family!
Gateway.... Hah... We leave this for another day . Enjoy.
Global recession is coming....
Genting don't even dare to open a 5* hotel in JLD, despite all the blowing-trumpet by some people about JLD being 2nd CBD etc etc!
CBD has so many 5* and even 6* hotels!
JLD only has a labelled 3* hotel (that looks like 2*) and so much trumpet blowing?
This just goes to show that Genting probably believe people in JLD has limited affordability, so can afford only a "labelled 3*" hotel (3* to sound nice and entice people but actually 2* quality and price?)?
Newbie
SINGAPORE - When Mrs Karen Liang moved to Jurong East about two decades ago, there were just a handful of shops at the HDB blocks near the MRT station.
But over the last three years, four malls have sprouted up in the area, including Big Box which opened last month. They join IMM which has been there since 1991.
The 58-year-old retiree now frequents both the familiar shops and the swanky new malls which house hundreds of stores. "I still like the old shops because of the homely feel, but I also like going to Westgate as there are so many food outlets there - an endless supply."
Not long ago, Jurong East was thought of as a place with dull factory buildings and a poor sister to, say, Tampines, which won the World Habitat Award given out by the United Nations.
However, the sun has since risen in the west, with retailers and consumers increasingly taking a shine to an area which has become an attractive shopping destination outside town.
Ms Quah Lai Hoon, 43, who works in a church, drove from her home in Hougang to Jurong East earlier this week. "I come here only occasionally because it is quite far from my house, but I would not come here at all if not for all the shopping malls."
Retailers like the large catchment of the area.
Last month, Big Box deputy chief executive officer Julia Tong-Sng told The Straits Times the Jurong area has about 1.2 million residents, including those living in Bukit Batok and Clementi. Not to forget an additional mobile population of about 1.2 million people from about 2,200 factories in the area, she added.
The Jurong East malls have in turn attracted visitors with differentiated offerings. For instance, three of the five malls near Jurong East MRT station are run by CapitaMalls Asia and each is positioned differently. IMM has nearly 60 outlet stores including brands such as Agnes B. and Desigual; JCube targets youth with its ice-skating rink, Shaw Theatres and a youth-oriented shopping zone; Westgate is family-oriented with an outdoor playground and upmarket stores like fashion brand Kate Spate Saturday.
Jem, managed by property developer Lend Lease, calls itself a lifestyle and entertainment hub. Big Box, which is managed by supply chain and logistics firm TT International, has a warehouse store concept featuring products from groceries to furniture.
"While there are some repetitions in terms of product categories... by maintaining their unique selling points, they are able to complement each other rather than compete directly," said retail expert Samuel Tan of Temasek Polytechnic's school of business.
The changes in the area began around 2008 when the Urban Redevelopment Authority earmarked a 70ha area around Jurong East MRT station for a regional commercial centre known as Jurong Gateway.
About a year later, the 1990s Jurong Entertainment Centre was demolished to make way for JCube, which opened in 2012. This was followed by Jem and Westgate in 2013.
While consumers welcome the greater variety of shops, businesses at the nearby HDB blocks have seen foot traffic fall by 30 per cent to 40 per cent over the last three years.
Said Ms Ann Chin, who runs shoe shop Moda Paolo: "When Jem opened in 2013, two banks moved from the HDB block to the shopping centres and our sales fell badly because a lot of our walk-in customers were those who visited the banks."
During the festive period last month, when sales typically rise for retailers, the shop's business fell by about 30 per cent, compared with the same month in 2013.
Sales have also taken a hit at undergarment shop The Brahouse. There used to be a constant stream of passers-by and regulars, but sales are now "up and down", said Madam Kelly Chew, 57, who runs the store.
New Time Watch Station depends on regulars to cover costs. Sales have fallen by 20 per cent at the store over the last three years, said the shop's manager, Ms Christine Ong, who is in her 30s.
HDB shops are not the only ones affected. Even shops in JCube, including those in its youth shopping zone, J.Avenue, have been hit.
At Pinkdot House, which sells items like badges and T-shirts, sales fell by more than half last weekend after Big Box opened. Said its owner, Mr David Tan, 30: "Shoppers like to go for new things and this might last for a while before it gets better.
"I think the opening of the hotel and hospital will help my business in the future. This area has good potential."
Genting Singapore Hotel and Jurong Community Hospital are slated to open this year.
Jurong East's prospects look bright: Leasing demand for retail space in the area has been very strong after the rejuvenation, said Mr Ong Kah Seng, director of property market research firm R'ST Research.
Some property owners are cashing in on Jurong East's new-found allure.
Over a month ago, the owners of popular Teochew eatery Boon Lay Raja Restaurant sold their unit in Jurong East Street 13 for about $15 million, up from the $3.5 million they paid over two decades ago. One of them, Mr Henry Tan, 73, said: "In the past, no one wanted to open a shop here, but the Jurong of today is very different."
This article was first published on January 9, 2015.
Get a copy of The Straits Times or go to straitstimes.com for more stories.
- See more at: http://business.asiaone.com/news/jur....YhI6vbJC.dpuf
Iron Man
Do you mean the population in west region is just a small of group of people nia?
If one day...then better to shift near to where you stay or your invested properties so you rental will up many many many fold...HUAT Ah...!
"Anyone who has not made a mistake has never tried anything new"
Newbie
KL site for HSR terminal from Singapore identified.
The statement yesterday said the terminal station for the KL-Singapore high-speed rail will be sited within its Bandar Malaysia project.
Singapore said earlier this month that it will announce the location of its high-speed rail terminal when the heads of both countries meet for an upcoming retreat.
Singapore Prime Minister Lee Hsien Loong had previously said that Jurong East would be a "very attractive" location. Two other sites being considered are Tuas West and the city centre.
The Bandar Malaysia project has not been officially launched. The planned 200ha mixed development will sit on land in an existing military airbase in Sungai Besi, about 5km from the Petronas Twin Towers in downtown KL.
- See more at: http://transport.asiaone.com/news/ge....K7x5IaHl.dpuf
Pressure is on...
Newbie
One has to see thing in perspective. The positives are Genting will open the first hotel in Jurong... Never heard of it for the last 50 years!. Starting prudent is a right move. And I do believe Genting has ambitious plans to build even more hotels and even a resort theme park once more clarity on the URA land & building plan including the siting of the HSR terminus is revealed.Genting don't even dare to open a 5* hotel in JLD, despite all the blowing-trumpet by some people about JLD being 2nd CBD etc etc!
CBD has so many 5* and even 6* hotels!
JLD only has a labelled 3* hotel (that looks like 2*) and so much trumpet blowing?
This just goes to show that Genting probably believe people in JLD has limited affordability, so can afford only a "labelled 3*" hotel (3* to sound nice and entice people but actually 2* quality and price?)?
If we compare the class of hotels, then we should also compare the class of hospitals. JLD has by far the best architectural design hospital that even the hospitals in CBD and even Orchard could not match. We should have no doubt that the government has fully made clear the plan for the medical hub in JLD....
Junior
Who want to stay such hotel that no entertainment around. Only workaholic will pick such a place.
Global recession is coming....
May be they join pollutants and toxic gases therapy?
Junior
Nice Hospital next door.May be they join pollutants and toxic gases therapy?
Newbie
It seems highly likely that the new hsr station will be in jurong with all the hints dropped by the government. Good news for those vested early in jurong!
Newbie
One sees what one wants to see. Well no one has the crystal ball but let's just call a spade a spade for now, there's no doubt it's just a 3 star hotel and that falls short of expectations.
It's normal that for one that is vested, they will always see the more likely scenario but with nothing revealed yet, it's pure speculation.
Global recession is coming....
Good news that HSR station is in JURONG!
It will be dreadful to think of HSR going into the CBD, either they built a "white-elepant" underground track at HUGE expense to Singapore tax-payers or they built a noisy polluting above ground cheap track that will be deafening to people living in the central region............... I certainly don't wish central region residents to start getting "ear problem" because of HSR............
Senior
Having a hsr station in Jurong will make the place highly congested. i don't see that as good news for Jurong folks at all unless they enjoy having lots of malaysians in their midst everyday.
Junior
Nice and quiet place to spend an afternoon
Those who love nature can still find many species of birds and insects
in 5ha of space, remember to bring along binocular and camera
Some pictures from this blog
http://j0035001-2.blogspot.sg/2014/0...june-2014.html
Wishing All in this thread a Peaceful Healthy Prosperous and Blessed Lunar Year 2015
Newbie
Genting is in at the early stage of the JLD development . If you fast forward 5 to 10 years , you will see a total transformation of the Lake District bustling with leisure and entertainment . There may even be a resort theme park to attract our travelers from the north via the HSR into JLD.
Pity you could not imagine .
Newbie
True... no one is saying that the Genting hotel is a 5 star hotel. What needs to be understood , howvever, is Genting is pacing their investments rightly according to the JLD developments.
Rome is not built in a day. But it will come ....
Junior
May be they join pollutants and toxic gases therapy?5 to 10 years time many will moved to stay on waterfront, no one will be interested in Industrial estate anymore. Ask yourself why PSA moving to Tuas? Tanjung pagar to west coast can hold up to 2 million people. Don't mix west coast to JLD hor.
Newbie
I am sure that they have psychological therapies for people who have schizophrenia and living in denial. For those who are in worst condition, good thing our government knows better to locate the institute in a central location.May be they join pollutants and toxic gases therapy?
Newbie
Who talking about Tuas ? We are talking about JLD. And you mix West Coast with South Coast...
Junior
Tourist shoppers never steps into JLD After much transformation, the malls not good enough?
Newbie
The healthy debate on ST about the possible site for HSR station is a clear indicator of the attractiveness of HSR sites. Many wishes the sites to be located in city center, while there are pothers who are hoping that the HSR will come to Woodlands, Yishun, etc etc.
Newbie
Same to you ! Have a blessed and healthy Lunar New Year.
Thank for your posting ... I have been there. Worth the travel though. Nice place for a good evening stroll. You might get some good shots at the birds.
Newbie
There are always crowds in the malls... tourist shoppers or not. Of course, there are also people who go there just to sit on rocking chairs.
Junior
then, its poorly managed.
Newbie
Great to hear that you are supporting the HSR in Jurong East... fully agreed with you on not wasting tax-payers' monies on a underground track to CBD.
Building it in JE makes good sense especially the government is promoting the JLD as the second CBD. The HSR plays a critical part of the second CBD concept. With all the tax-payers monies already sunk into the infrastructure and amenities in JLD, it will be very awkward to build the HSR terminal elsewhere and start rebuilding a new " JLD concept ". It will cost even more tax-payers' monies.
Newbie
No true... crowds attract crowds.. just success begets success.
There is always a percentage of "window shoppers" in crowds. But malls do not mind this because there is always something for everyone.. be it food or drinks if not clothes and electronics.
Iron Man
No crowd, he said mall cannot survive then hor...crowded, he said poorly managed...!
"Anyone who has not made a mistake has never tried anything new"
Junior
The furniture design and workmanship cannot make it lah,No crowd, he said mall cannot survive then hor...crowded, he said poorly managed...
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