Originally Posted by Simi
With you as The Guardian Angel here
how to tumble ?Many reserve energy prepare to chow lor in case property keeps falling. Very obvious buay kon Wei Leow.Signore Sunrise wu lat tio hor
Junior
With you as The Guardian Angel here
how to tumble ?Many reserve energy prepare to chow lor in case property keeps falling. Very obvious buay kon Wei Leow.Signore Sunrise wu lat tio hor
Newbie
MCL Land does it again
A 99-year private housing site in Jurong West Street 41 (Parcel B) has garnered nine bids at a state tender that closed on Tuesday.
MCL Land (Vantage) placed the top bid of S$338.12 million or S$630.13 per square foot per plot ratio (psf ppr). The second highest bid, from HY Realty, was S$317.9 million or about S$592 psf ppr.
Sing Haiyi Group's Phoenix 99 Pte Ltd partnered Kay Lim Holdings and Haiyi Properties for a bid of nearly S$297 million or S$553.50 psf ppr.
Also bidding at the tender was City Developments unit Verwood Holdings, which teamed up with Hong Leong Holdings unit Intrepid Investments and TID Residential for a bid that works out to about S$550 psf ppr.
The lowest bid, from Allgreen Properties, was at S$222.89 million or S$415 psf ppr.
Newbie
A picture tells a thousand words
Big Box.jpg
16153279413_e23150a9e1_z.jpg
NTF Hospital.jpg
Westgate Tower.jpg
Newbie
And a reality a million words.
JEM.jpg
Devan Nair Insitute.jpg
Life long learning.jpg
Newbie
If this is in JLD, no need for more words.
HSR.jpg
Junior
Over exaggerate had landed this at kopitiam. Too bad very few readers here.
Junior
You mean they does it again at kopitiam. When they got into wrong hand?
Newbie
It this what you see every time you look into the mirror
Junior
Meet you at kopitiam
Junior
Singapore's 3rd desalination plant will be built at Tuas: MEWR
http://www.channelnewsasia.com/news/...d/1708758.html
Junior
MCL Land tops bids for Jurong West site
http://business.asiaone.com/news/mcl...rong-west-siteCharged with confidence from its experience with launching two condo projects in Jurong growth region in the past two years, MCL Land on Tuesday placed the top bid of S$338.12 million or S$630.13 per square foot per plot ratio (psf ppr) for Jurong West Street 41 (Parcel B). This is 6.4 per cent more than the next highest bid of S$592.46 psf ppr from Chinese developer Hao Yuan's unit HY Realty. MCL's top bid for Parcel B was about 3.2 per cent less than its S$651 psf ppr winning bid in January 2013 for the next-door Parcel A, which it is now developing into the Lakeville condo. The latest tender exercise drew nine bids, fewer than the 12 for Parcel A. Still this outcome showed that "in spite of the market having softened significantly in the past two years, there is fair interest for attractive sites", noted JLL national director Ong Teck Hui. That said, he pointed out that only the top bid for the latest tender exceeded S$600 psf ppr, whereas five bids above $600 psf ppr were submitted for the Lakeville plot. "This shows the bidders are less optimistic today compared to two years ago... and (reflects) a higher degree of caution amongst the bidders". MCL Land's chief executive, Koh Teck Chuan, said: "We know the pulse of the Jurong area, its buyer profile and their purchasing power. We are very confident of Jurong, which has the strongest growth story of all the regional centres in Singapore. And of course we're also hoping that the Singapore-Malaysia high-speed rail system terminus will be located in Jurong East - which would give a further boost to the area." The breakeven cost for the project on Parcel B is estimated to be slightly over S$1,000 psf and the selling price will likely be around S$1,300 psf. The launch is likely to be late this year or early next year. Mr Koh is confident that at MCL's bid price for parcel B, there will still be demand in the area. "The big question is quantifying the impact that the new requirement to use prefabricated prefinished volumetric construction (PPVC) will have on raising construction costs," he added. "We'll be targeting more the younger families while still catering to predominantly owner-occupier demand for the new project." Mr Koh said the proposed project on Parcel B will comprise close to 600 units, of which a higher proportion, of around 60 per cent, will be smaller one and two-bedroom units. This will complement the unsold units in Lakeville which are mostly three and four-bedders. Since launching Lakeville in April last year, MCL has managed to sell about 60 per cent of the 696 residential units, achieving an average price of slightly above S$1,310 psf. That's not bad considering the dent that the total debt servicing ratio (TDSR) has left on property purchases since the framework was announced on June 28, 2013. On the same evening as the announcement and before the new rules took effect the following day, MCL quickly launched and sold out nearly all 738 units at its J Gateway condo near Jurong East MRT Station at an average of $1,480 psf. Other bidders at Tuesday's tender included Sing Haiyi Group's Phoenix 99, which partnered Kay Lim Holdings and Haiyi Properties for a bid of nearly S$297 million or S$553.50 psf ppr. City Developments unit Verwood Holdings teamed up with Hong Leong Holdings unit Intrepid Investments and TID Residential for a bid that works out to about S$550 psf ppr. EL Development bid S$526 psf ppr, and Singapore Land unit Singland Homes, S$512 psf ppr. Koh Brothers' unit KBD Ventures offered S$488 psf ppr for the site. In second last position was Sim Lian Land (S$419 psf ppr). Robert Kuok's Allgreen Properties made the lowest offer, of S$222.89 million or S$415 psf ppr. -
Newbie
At $630psf its only $20psf lower than Lakeville site, BUT with the new regulation on using PPVC construction method, cost of construction will be higher, so selling price for the new site will not be lower than Lakeville.
What is interesting about this site is URA requirement to set aside around 5000sqft for childcare center. If MCL land is going to build 60% 1 to 2 bedders, I reckon there will be high chance they will also include strata landed in this site; something that is missing around Jurong Lake district.
Newbie
Something which we have expected to happen
The shine has come off the glitzy Orchard Road retail strip as shopowners report weaker results, owing to ever-popular heartland shopping centres, higher rents and pricey manpower.
Metro Holdings, which opened a new department store in The Centrepoint in the final quarter of last year, said a "disappointing level of sales resulted in losses being incurred by the new store".
Department store operator Isetan (Singapore) had earlier reported a net loss of $3.1 million for the year ended Dec 31 on the back of higher rents and slower sales. Other than Isetan's new store at Jurong East, other outlets registered lower sales for last year compared with 2013, "due to the challenging and competitive environment".
Dr Guan Chong, head of the marketing programme at SIM University's School of Business, said competition from e-commerce firms and a tighter labour supply have hit profits.
Associate Professor Tan Soo Jiuan of the National University of Singapore Business School said the labour crunch means sales staff often do not stay long enough in the job to accumulate good product knowledge "nor become well-trained to give the kind of good retail service that you can get in places like Japan, Taiwan and Hong Kong".
Prof Tan suggested that firms invest in training and improve the image or professional status of those in retail or sales, while rewarding staff for good service, on top of sales performance.
Despite the gloom, there are still retailers that have something to cheer about.
Robinsons The Heeren, which opened in November 2013, reported a 32.7 per cent growth in sales in January compared with a year earlier, while last month's turnover expanded 33 per cent.
Ms Angeline Ng, the outlet's manager, attributed the growth to the store keeping up with trends and responding appropriately to competition.
"There has been improvement in terms of merchandising as we are bringing in more relevant merchandise for our clientele."
However, she acknowledges that business in the once-busy Orchard Road stretch has been affected. "The surge of heartland malls springing up over the past couple of years has impacted us in Orchard Road. Consumers no longer have to come to Orchard Road for the latest offerings."
Isetan's Jurong East store helped lift group sales for the year to $340.3 million, an increase of 2.18 per cent compared with a year earlier.
Ms Ng also noted that many mass brands have started to move to heartland malls as they see opportunities there.
"By doing so, the brands have lost some form of exclusiveness in Orchard Road, unless the brands differentiate their merchandise offerings in the heartland from Orchard Road," she said.
Rents will always be an issue, said Ms Ng, adding that the solution is to work with landlords to re-invent the retail scene.
Courts Singapore has only one store in Orchard Road and so is less affected by higher rents, but its chief executive, Mr Terry O'Connor, said it is still a prevailing issue that could be addressed through more real estate zoning and proactive government action.
"Lower rental costs will manifest in lower consumer prices, as exemplified by retailers such as Walmart and Tesco through retail park zoning," he added.
Dr Guan noted that retail sales in prime areas may have been affected by the falling number of Chinese visitors to Singapore, although the number of overall international tourist arrivals is stable.
And shopping is no longer confined to locations, thanks to multi-channel retailing, said Dr Lynda Wee, adjunct associate professor specialising in retail management at Nanyang Technological University. Customers now buy on their own terms, with an array of online shopping features, such as reviews, at their disposal, and with mobile devices, "consumers will shop any time, anywhere", she added.
Retail experts call for retailers to find ways to use new technology to improve business and stay creative. Dr Wee said: "They should embrace technology in retail, adopt a blended approach and engage the right talent. They need to rethink the competencies needed in offline to online retailing. Consumer insights is key."
- See more at: http://www.straitstimes.com/news/bus...12#xtor=CS1-10
Global recession is coming....
Good!
Better consolidate all heavy industry plants in JURONG!
Global recession is coming....
Buyers of these JURONG properties MUST have enjoyed staying near all those pollution-spilling heavy industry plants and all the free gases that come with them?
Junior
This man Ringo always bring people go holland.Buyers of these JURONG properties MUST have enjoyed staying near all those pollution-spilling heavy industry plants and all the free gases that come with them?
Iron Man
0c54471.jpgSignore Sunrise wu lat tio hor
"Anyone who has not made a mistake has never tried anything new"
Global recession is coming....
Same to you, do you have a benchmark to measure or quantify your prediction that buying JGateway at $17xx psf will make money and get rental yield of >5%? At least, I have some proven track records here all these years and you have none, you are a newbie here!
Mark my words: Don't have to wait for long, before end of 2018 you will see OCR property price crash (unless govt tinkers with their cooling measures to support OCR property price)!
I am not a professor, so I don't make empty forecasts!
I put my money where my mouth is!
And I enjoy seeing my prediction come true because it will directly put MILLIONS $$$ into my pocket!
I predict that property prices like those in JGateway, West Coast like Crapbelle will go down by 15% within next 3 years and go nowhere from there within next 6 years until next recession and crash further more again!
Those people aiming to buy OCR private properties particularly in the West region, BEWARE!!!!!!!!!!!!!!!!
Last edited by teddybear; 17-03-15 at 14:21.
Newbie
Tell tale sign of an insecure and mentally disturb human beings.
14th Oct 2014
(20-30% by 2016-2017)
23rd Oct 2014
(CRASH by 2020)
2 weeks ago
(15% by 2021)I am not a professor, so I don't make empty forecasts!
I put my money where my mouth is!
And I enjoy seeing my prediction come true because it will directly put MILLIONS $$$ into my pocket!
I predict that property prices like those in JGateway, West Coast like Crapbelle will go down by 15% within next 3 years and go nowhere from there within next 6 years until next recession and crash further more again!
Those people aiming to buy OCR private properties particularly in the West region, BEWARE!!!!!!!!!!!!!!!!
The big question which teddybear cannot answer is 15%, 20-30% from what level?
Newbie
1. What will Jurong Lake Gardens comprise?
Jurong Lake Gardens will comprise:
• Jurong Lake Gardens West (renamed from Jurong Lake Park)
• Jurong Lake Gardens Central (comprising the Chinese and Japanese Gardens); and
• Jurong Lake Gardens East (comprising the grounds of the new Science Centre which will be integrated into the new Gardens)
2. How will Jurong Lake Gardens be conceptualised and developed?
It will be conceptualised and developed around four key design principles:
• Preserving nature and memories
• Co-creating show gardens
• Integrating science and nature
• Vibrant programming
3. Why is NParks gathering feedback for the development of Jurong Lake Gardens?
Jurong Lake Gardens is envisioned to be a people’s garden. We also appreciate that the Jurong Lake area holds special memories and meanings for many Jurong residents and Singaporeans alike. In view of this, NParks is inviting the community to contribute ideas and suggestions towards shaping the design of Jurong Lake Gardens, our new national gardens in the heartlands. By doing so, we also hope to encourage the community to contribute to Singapore’s greening journey.
4. What kind of feedback can the community provide during the public engagement exercise?
Members of the community will be able to share their thoughts on what they would like to see at the new Gardens, how the public spaces could be used, the types of activities they would like to participate in, and how they would like to contribute to the Gardens.
5. Has the design of Jurong Lake Gardens West already been finalised based on the public feedback that NParks received during the earlier public engagement exercise in 2012?
The design of Jurong Lake Gardens West has been conceptualised based on public feedback obtained earlier in 2012 during NParks’ public engagement exercise for a City in a Garden vision. NParks had announced that it would be developing Destination Parks to attract Singaporeans from all over the island, and Jurong Lake Park (to be renamed Jurong Lake Gardens West), was identified as one of three Destination Parks to be developed.
In line with the ideas and suggestions received, the preliminary concept ideas for Jurong Lake Gardens revolve around the themes of nature, play and the community. These concept ideas are still a work-in-progress. The current public engagement exercise will enable NParks to obtain ideas from the community so that the concept for Jurong Lake Gardens West can be further refined and detailed for implementation.
6. How will the feedback and ideas gathered by the public be used in conceptualising Jurong Lake Gardens?
The current public engagement exercise will enable NParks to obtain ideas from the community so that the concept for Jurong Lake Gardens West, which was developed based on ideas and suggestions received during NParks’ earlier public engagement exercise in 2012, can be further refined and detailed for implementation.
In addition, NParks will be seeking ideas from the community for the rest of Jurong Lake gardens, including Jurong Lake Gardens Central (current Chinese and Japanese Gardens).
The ideas received during the public engagement will be incorporated into the brief for a design competition that NParks will be launching later in the year. The design competition will seek to achieve the following:
i. Proposals on the concept for Jurong Lake Gardens Central
ii. Proposals on how to integrate Jurong Lake Gardens West, East and Central;
iii. Design guidelines for the grounds of the future Science Centre which will form part of Jurong Lake Gardens East
7. How else can I give feedback on Jurong Lake Gardens?
Besides using this website to give feedback, you can also share your ideas and suggestions at our roving exhibitions held at various parts of Singapore. Below is a list of the exhibition dates and venues:
5 to 7 April Jurong Point Shopping Mall
11 to 12 April HDB Hub at Toa Payoh
18 to 19 April Parkland Green at East Coast Park
25 to 26 April VivoCity
The exhibition will also give you a chance to learn about the vision for Jurong Lake Gardens and its key design principles.
8. Is there a cut-off date to give my feedback?
Our public engagement exercise will close at the end of May 2015.
9. Besides the general public, which other groups will NParks be consulting on their views and feedback?
We have been seeking views and feedback from other stakeholders on Jurong Lake Gardens since end-2014. These include the grassroots and residents from the Jurong district, Community in Bloom (CIB) ambassadors, gardeners and volunteers, design professionals including planners, architects and landscape architects; as well as nature groups.
10. When will Jurong Lake Gardens be completed?
You can start to enjoy the new Gardens as early as 2017, when Jurong Lake Gardens West is expected to be completed. The rest of Jurong Lake Gardens will be completed in phases from 2020 onwards.
Junior
After 30 years not much changes done to the lake, nothing new they just facelift the pagoda. It is not impressive at all. Singapore garment eyeing some other part of China. How much money pour into Jurong lake also no use, singaporen doesn't appreciate ancient art. The Chinese feels we are copying. Every corner of the lake we see HDB flats. How to modernise the area?
Global recession is coming....
I thought the make-over of Jurong Lake is to make it more attractive for the foreign workers to hang out so that they will not cluster in Little India?
When there are too many and overcrowded in 1 single place, easy to cause confusion and misunderstanding which will deteriorate into a riot?
Junior
now no more selling beer after 10pm, you will see more holding hands walking towards the lake.I thought the make-over of Jurong Lake is to make it more attractive for the foreign workers to hang out so that they will not cluster in Little India?
When there are too many and overcrowded in 1 single place, easy to cause confusion and misunderstanding which will deteriorate into a riot?
Global recession is coming....
Didn't I say the West region has a monster spitting fire? Westgate mall fire again!
This followed another fire at JEM a few days ago!
Shoppers evacuated after fire breaks out in Westgate mall basement
Wednesday, April 8, 2015 - 16:49
AsiaOne
SINGAPORE - A fire broke out in a basement eatery in Westgate shopping mall at about 11am today (Apr 8), according to media reports.
A Stomp contributor, Frankie, said that the sprinklers were activated due to the flames, and that SCDF officers soon arrived to assess the situation and combat the fire. Another shopper, Aram, saw shoppers being evacuated by the mall's staff when the fire broke out.
According to Channel NewsAsia, the fire started at a food outlet in Basement 2, due to the overheating of an electrical fryer.
No injuries were reported. According to the mall's manager, operations resumed at about 12.30pm.
Newbie
THE first major hotel in the western part of Singapore will open at the end of this month, adding vibrancy to the Jurong Lake District.
Located along Jurong Town Hall Road, Genting Hotel Jurong is a 15-storey, 557-room hotel tower that will not only be close to popular shopping malls like Jem and JCube, but also near the International Business Park, and the Jurong East Bus Terminal and MRT station.
In a statement on Thursday, Resorts World Sentosa said Genting Hotel Jurong will be a "stunning lakeside destination for business and leisure" that will infuse new energy and vibrancy into the thriving business and lifestyle hub.
Mr Chow Keng Hai, Vice President of Rooms, Resorts World Sentosa (RWS) said: "Genting Hotel Jurong will boost RWS' room inventory significantly and forms part of our business strategy to drive greater visitorship to RWS.
"It also allows us to be part of the exciting transformation that is taking place at the Jurong Lake District. The Singapore government's development plans to revitalise the area into a stunning lakeside destination for business and leisure, bode well for Genting Hotel Jurong.
Touted as an eco-friendly "hotel within a garden", Genting Hotel Jurong, features a roof-top garden and sky terrace, which offer expansive views of the Jurong Lake District.
Genting Hotel Jurong is a 15-minute drive from the Tuas Checkpoint, a 25-minute drive from RWS and a 40-minute drive from Changi International Airport. Hotel guests get to take shuttle bus to RWS for free. The 24-hour bus service will ply continually between the hotel and RWS.
- See more at: http://www.straitstimes.com/news/sin....e0Yfd1GR.dpuf
Junior
Jurong buyer all go where, Why big box cafeteria close down so soon?
Global recession is coming....
After the other fire at JEM a few days ago, now JEM plagued by consecutive flooding!!!!!!!!!!!!
What West dragon Ringo33 mentioned?
More like dragon not around, monsters roaming the West??????
[COLOR="#0000FF"]JEM plagued by second flooding incident in two days
POSTED: 17 Apr 2015 20:24
URL: http://www.channelnewsasia.com/news/...d/1790934.html
Shopping mall JEM was plagued by minor flooding again on Friday afternoon (Apr 17), after a blocked wastepipe from Saladworks caused water backflow on Thursday evening.
SINGAPORE: The second level of shopping mall Jem was plagued by minor flooding again on Friday afternoon (Apr 17), after a blocked wastepipe from Saladworks caused water backflow on Thursday evening.
A spokesperson for Saladworks Singapore told Channel NewsAsia that the flooding happened again at about 1pm on Friday.
"We have (conducted) regular maintenance on our discharge stacks and pipes. Although the said 'blocked pipe' was cleared last night, the flood reoccurred today," said Saladworks Singapore's spokesperson.
She added that the water was cleared by 5pm, and Saladworks has since resumed normal operations. "We are still working with Jem's management to pinpoint the problem," Saladworks Singapore's spokesperson said.
Responding to media queries, a spokesperson for the mall said the water backflowed from a floor trap "within Saladworks" at about 1pm. It also deployed cleaning crew.
"The water was cleared at about 3pm," she said, adding that investigations suggest the backflow of water was due to build-up of grease in the kitchen waste pipe.
"A thorough investigation shall be undertaken tonight," Jem's spokesperson added.
This is the latest in a string of incidents at Jem. On Apr 3, a fire broke out near the H&M boutique. According to the Singapore Civil Defence Force, the blaze had started from electrical wires in the exterior wall of the building.
In August 2013, a deep fryer caused a small blaze at the NTUC FairPrice Xtra supermarket, while a car caught fire in the basement car park days later. In September that year, false ceiling panels on the first floor collapsed due to a burst water pipe, injuring three people, and causing the mall to be temporarily shut for checks.
Didn't I say the West region has a monster spitting fire? Westgate mall fire again!
This followed another fire at JEM a few days ago!
Junior
Interview: Chinese companies welcome to bid for high-speed rail between Malaysia, Singapore: official
English.news.cn 2015-04-20
http://news.xinhuanet.com/english/20..._134167080.htm
There will be a leaders' retreat between our two prime ministers in Singapore on May 5. We hope that maybe by then Singapore would make a decision on the location of the terminal," he said, adding that many issues beyond that still had to been worked down before the project could go to tender.
Junior
image.jpghome for the foreigners.
Ultimate Underdog
Really curious where HSR station wil be.
There are many proposals and rumours recently for the North.
Or should it be Jurong East or Tuas?
The three laws of Kelonguni:
Where there is kelong, there is guni.
No kelong no guni.
More kelong = more guni.
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