View Full Version : Draft Masterplan 2013
https://fbcdn-sphotos-f-a.akamaihd.net/hphotos-ak-prn2/q71/s720x720/1472732_611696828891047_482372657_n.jpg
http://www.ura.gov.sg/MS/DMP2013?utm_campaign=DMP13&utm_source=urasocmedia&utm_medium=FBTW
Updated masterplan 2013 map:
http://www.ura.gov.sg/MS/DMP2013/draft-master-plan/map.html
-Keppel Golf course no more riaox.. turn to entire residential area. Orchid country club became reserve site
-Updated town planning for bidadari and tamp north
- duo residences hooters will huat big time with massive mix commercial/resi development at rochor centre combine with adjoining plot
-Artas Residences @ Gardens by the Bay
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-frc3/1456763_10151802934787568_1918683569_n.jpg
http://www.ura.gov.sg/MS/DMP2013/regional-highlights/central-area/~/media/dmp2013/regional-highlights/central-area/URA-DMP13_CA_GSWF%20FA%204Nov.ashx
http://www.ura.gov.sg/MS/DMP2013/regional-highlights/central-area/~/media/dmp2013/regional-highlights/central-area/URA-DMP13_CA_MS%20FA%20ol.ashx
[SINGAPORE] The blueprint governing Singapore's development over the medium term identifies Holland Village, Kampong Bugis and Marina South as districts that will provide 14,500 new homes set amid thoughtfully designed, eco-friendly spaces.
People will go to work, not just in the Central Business District, but also in new commercial areas such as the Woodlands Regional Centre, where 100,000 jobs will eventually be created.
A new retail belt will come up at Marina Bay.
These plans have been laid out in the Draft Master Plan 2013 of the Urban Redevelopment Authority (URA), which focuses on building townships for all ages that are green, healthy, connected and strong in community interaction and spirit.
Six focal points underpin the plans:
putting quality jobs closer to home;
providing more housing options with good living environments;
expanding green and play spaces;
enhancing transport links and accessibility;
strengthening Singapore's identity; and
enlivening public spaces.No major adjustments to plot ratios are expected, save for areas identified for development, such as Bidadari and Punggol.
In the area of decentralising work spaces, the URA will continue to grow regional centres such as Jurong Lake District, Tampines Regional Centre, Paya Lebar Central and one-north.
The Woodlands Regional Centre, part of the North Coast Innovation Corridor, is to be the key commercial cluster in the north, the development of which will be kickstarted by the sale of a commercial site near Woodlands MRT station next month. This regional centre, to house northern Singapore's first business park cluster, could put 100,000 jobs on the market when it is fully developed in the next decade or so.
Industrial parks such as Seletar Aerospace Park, Defu Industrial Estate and Lorong Halus Industrial Park will continue to be developed; existing industrial estates such as Tanjong Kling and Tukang Innovation Park, Tuas Biomedical Hub and Sungei Kadut will be rejuvenated by JTC Corporation to raise land productivity and keep businesses there competitive.
But even as decentralisation plans are made, the city centre will continue to grow. New offices, retail space and homes, as well as redevelopment and sales sites near Tanjong Pagar MRT station are in the pipeline.
The URA envisages a new shopping and entertainment belt along Bayfront Avenue, which will stretch from Marina Bay Sands to Marina Bay Station Square, which will create more jobs.
As for housing, the land set aside in Holland Village, Kampong Bugis and Marina South makes up part of the land set aside in this Draft Master Plan for half a million homes. Most of the land will be for public housing.
Holland Village will be extended by six hectares, anchored by a mixed development project that will have a parking station. Two other residential sites have been earmarked in that precinct, along with pedestrian-friendly streets and a community park.
The 18-ha Kampong Bugis site is slated to become a high-density residential precinct offering around 4,000 private homes.
The 21.5-ha Marina South area, just off Gardens by the Bay, is set to be turned into a mixed-use residential district offering around 9,000 private homes. Being explored is the idea of having an 800-metre-long underground mall and an elevated walkway from Bay South Gardens to the seafront. Development is expected after 2017 or 2018.
Kampong Bugis and Marina South will be testbeds for fenceless residential communities and more pedestrian and cyclist-friendly designs.
With creating green spaces a key thrust in this Draft Master Plan, one goal is to have 90 per cent of residents living within 400 metres of a park. Plans are in the works to create more than 60 km of nature trails, 360 km of park connectors and a 150 km Round-Island Route; 900 ha of reservoirs and 100 km of waterways are to be opened up for recreation.
On the heels of the recently announced plans to boost public transport under the Land Transport Master Plan 2013, the URA will promote cycling-friendly environments with other agencies. All HDB towns will have their own cycling networks, and cycle paths will grow from 230 km to more than 700 km.
In the area of enhancing the Singapore identity, the URA will preserve various landmarks; it plans to gazette more than 70 buildings for conservation, adding to the list of more than 7,100 buildings. The latest additions include the Queenstown Library, Alexandra Hospital and the former Commonwealth Avenue Wet Market.
Neighbourhoods such as Holland Village, Serangoon Gardens and Jalan Kayu will join 15 other locations with distinct character, so that their vibe and unique qualities will be preserved and even enhanced.
As for plans for Singapore further into the future, the URA envisages a Greater Southern Waterfront, where about 1,000 ha of land - freed up by moving out the City Terminals and Pasir Panjang Terminal from 2027 - will be developed. Plans for this area have not been finalised, but six concepts have been mooted. Among them are a plan to extend the city to this Southern Waterfront, creating a continuous seaside promenade linking places of interest and creating waterfront districts, each with its own character.
The public are invited to give their feedback on the Draft Master Plan 2013, as well as for the new cycling routes and plans for the Greater Southern Waterfront. Views can be submitted at the Draft Master Plan 2013 website. The URA is holding a month-long exhibition at the URA Centre from today.
[SINGAPORE] Businesses located in JTC-owned factories in the Sungei Kadut, Yew Tee and Kranji areas may have to relocate as part of changes Singapore will undergo according to a new Master Plan that is still in a draft stage.
The industrial property landlord and developer said yesterday that it will assist firms through the process of relocation.
"We will definitely come in to facilitate. In terms of the timing, that's where we need to be practical and realistic and we need to accord sufficient time for the phasing out to happen," said JTC assistant chief executive officer of Cluster Development Group 2, Eunice Koh.
She added that there will be clarity only in the year 2015 on what the Master Plan would entail for the three industrial estates, as the review of the plan is still ongoing.
On whether it is certain that all firms currently located in the three areas will have to relocate, Ms Koh said: "We don't know the extent until 2015."
The industrial estates at Sungei Kadut, Yew Tee and Kranji together house the operations of many firms from the furniture, timber, construction and engineering industries. JTC said that it currently does not have details on the number of firms with operations in these industrial estates.
Ms Koh's comments were made yesterday after JTC held a closed-door meeting with some industrialists who have their firms in the affected areas, at the Singapore Chinese Chamber of Commerce and Industry (SCCCI). The chamber helped to facilitate discussions between JTC, the industrialists and their respective trade associations.
JTC is now working to help 116 firms whose leases expire between next year and 2019. The affected industrialists are worried about their future because of the uncertainty over the renewal of their leases. The Master Plan, which decides how land will be used in the future, is still in the works, although a draft is being made public today.
At yesterday's meeting, JTC said the affected firms can apply to extend their leases until 2020.
To do so, companies will have to fill in a one-page form. A JTC officer will then engage the individual firms and assess their application.
Criteria that they will be assessed on include their value added and productivity projections over a three-year period, which starts from the time the lease extension is granted.
Said JTC's Ms Koh: "There must be a productivity increment, so they have to declare it and at the end of three years we have to look at it again."
"We are looking at whatever the members are achieving (currently), plus a certain growth. That is a reasonably achievable level . . . It is the spirit of improvement that we are trying to encourage."
Ms Koh added that JTC hopes to process all applications by June next year.
SCCCI president Thomas Chua said that industries such as the furniture and timber sectors are very happy with JTC's gesture.
At the very least, it gives industrialists a timeline so that they can continue to make plans for the business, said Mr Chua in Mandarin. "We have come to a happy conclusion."
Freddie Ng, president of the Singapore Timber Association, said: "Most of our members' leases expire in 2015 and 2016, so actually this is quite urgent . . . In view of (how) the Master Plan is still on review, JTC has come up with this solution to extend (our lease) to 2020, of course with certain criteria . . . so my members are definitely aware that they have to pay attention to productivity and value add."
He added that JTC's offer is "very welcome" news because from now to 2020, my members have seven years to plan to bring in what is necessary to do value adding".
Of the 116 firms whose leases are up in the next six years, 76 are from the timber trade.
Tony Pang, assistant honorary secretary at the Singapore Furniture Industries Council, said that the five affected furniture firms - which include his company V-Mark Woodcraft - will now be able to continue with their business plans knowing that they have seven years, up till 2020, to work with.
The offer to extend their leases means that the firms can "still continue with their business knowing that there is seven years to play with", said Mr Pang.
"They can manage cost, they can rethink their business strategy for management in line with the new labour situation we are facing in Singapore right now, and then plan ahead for the future growth of the company. So this news we are getting today is very beneficial and we are very thankful for it."
[SINGAPORE] A tract of waterfront land spanning 1,000 ha, referred to as the Greater Southern Waterfront in the Draft Master Plan 2013 of the Urban Redevelopment Authority (URA), will be the next major growth area in the city.
Specifically, the 21.5 ha of development area in Marina South will yield about 9,000 private homes. Development will start after 2017/2018, when the Thomson Line is nearer completion.
Residents and visitors to the area will be able to shop in an 800m long underground mall between the two Thomson Line stations serving the area, namely Marina South and Gardens by the Bay. This frees up the ground-level space above the mall for a pedestrian walkway.
Separately, an elevated landscaped walkway will take pedestrians from the Bay South Gardens to the seafront; cycling paths will thread through other parts of Marina Bay.
In a district to shape up as one of Singapore's most environmentally friendly, fewer cars could well be seen on its roads - courtesy of a network of underground carparks that the URA is looking into. If feasible, these carparks will enable motorists to drive from one building to another while underground.
Taking a helicopter view of the Greater Southern Waterfront area, the URA has outlined six broad ideas that will guide the development of the area:
Opportunities to live, work and play: Projects will integrate residential, commercial and recreational use. Labrador and Marina South could become lively mixed-use residential districts offering fenceless developments equipped with community amenities. Pulau Brani could offer opportunities for sustainable island living and leisure activities in the longer term.
Extension of city to waterfront: There will also be an opportunity to create a waterfront city seamlessly integrated with the rest of the city, along with a waterfront central business district.
More public spaces: The Central Linear Park could be extended, and a pedestrian axis towards the waterfront could be created. This axis could be designated car-free, opening up avenues for vibrant street life.
A 30 km waterfront: This could stretch from Labrador to Marina South.
Green, open spaces: An eco-corridor could provide an unbroken connection between the Gardens by the Bay and the island-wide green network. Embedded in this corridor would be inviting public spaces for community interaction and events.
Possible reservoir: A future reservoir could be created between Tanjong Pagar and Pulau Brani to retain rainwater from the Greater Southern Waterfront and store excess water from Marina Reservoir.
Nothing mentioned of the railway line converted to green corridor plans at upper Bukit timah??
Nothing mentioned of the railway line converted to green corridor plans at upper Bukit timah??
I read through but no mention of railway or green corridor.
Quite a boring masterplan.
princess_morbucks
20-11-13, 07:48
Wow, so much happening!
Here's a summary :
3 new residential districts to offer 14,500 homes, mostly private housing, 70 buildings for conservation under @URAsg (https://twitter.com/URAsg)plan, new parks (@URAsg (https://twitter.com/URAsg)) http://tdy.sg/18Nzko5 (http://t.co/DgrDnpbDyo)
More housing in Holland Village, Kampong Bugis & new Marina South district http://bit.ly/HXRw7t (http://t.co/eX2CIg86th)
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@URAsg (https://twitter.com/URAsg) draft masterplan: Serangoon Gardens, Jalan Kayu & Holland Village to be preserved http://tdy.sg/18NAQGF (http://t.co/5kNX1ED9Gs)
Holland Village to get 1,500 new homes, new community park and urban plaza http://bit.ly/1dfm0QO (http://t.co/A3yvqNNDUh)
Serangoon Gardens Circus here to stay as area designated an 'identity node' http://bit.ly/1dfm5UO (http://t.co/uwWZ1Ro7Pu)
Jalan Kayu among those added to list of "identity nodes" and its rustic charm to be retained http://bit.ly/1dfmdDI (http://t.co/GTsLM54Qq9)
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Concept plans for Greater Southern Waterfront include waterfront promenade, new reservoir http://tdy.sg/18NBp3s (http://t.co/vurQidyBf1)
only the rich can play in this area...
smellyfish
20-11-13, 08:29
where is kampong bugis?
Alexandra hospital will be conserved. Nice... reckon the hospital will stay put?
Alexandra hospital will be conserved. Nice... reckon the hospital will stay put?
no, the building will be conserved but AH had been slated to move when NTF is up
where is kampong bugis?
Kallang Riverside.
http://liondojo.files.wordpress.com/2013/05/walking-route1.jpg
Car-free residential area to be piloted in Kampong Bugis
http://www.todayonline.com/singapore/car-free-residential-area-be-piloted-kampong-bugis
Singapore — A car-free residential area is set to be piloted in Kampong Bugis, near the Kallang River, as the land-transport network gets redesigned to be more pedestrian-friendly.
BY SUMITA D/O SREEDHARAN - 11 OCTOBER
Singapore — A car-free residential area is set to be piloted in Kampong Bugis, near the Kallang River, as the land-transport network gets redesigned to be more pedestrian-friendly.
The project, revealed in the updated Land Transport Master Plan that was released on Monday, is aimed at making public spaces flourish and the city area more vibrant.
This will mean more space along the sidewalks and streets for pedestrians and various activities.
The Land Transport Authority (LTA) will be working with the Urban Redevelopment Authority (URA) on the project, although no timeline has been offered.
Kampong Bugis is a 500m road that is located behind the former Kallang Gasworks, which vacated the area in 1998. It is a 10-minute walk from Kallang Road that ends at the Kallang River. Currently, there are few developments in the area, which is dominated by greenery.
The entire Kallang Riverside has been earmarked in the URA Master Plan 2008 as a growth area. Under the plan, the area will add about 300,000 sq m of new office space, 700 housing units incorporated into mixed-use developments and 3,000 hotel rooms.
When contacted, the LTA referred queries to the URA, which declined comment.
There are now two car-free zones — Club Street and Haji Lane — which are within selected commercial and historical areas, where traffic is closed for two to three evenings every week to provide more space for walking.
There are also areas such as Albert Mall, where roads were made fully accessible to pedestrians only by 1998.
The current Upper Aljunied Road will also be pedestrianised when it is replaced by a new road which will be built within the upcoming Bidadari estate.
Tenants at TURE — one of four buildings near the Kampong Bugis area — said they were unaware of the authorities’ plans. However, they hoped the current laid-back and serene atmosphere could be maintained even after redevelopment.
Due to the area’s inaccessibility, some tenants suggested that the authorities look into building covered or underground walkways in the area, or providing bicycle-rental facilities at the nearby Kallang and Lavender MRT stations.
Currently, those going to Kampong Bugis tend to drive there.
“If they (the authorities) want to try it out, they could start during weekends or public holidays, and have visible booths where staff (can) collect feedback before it (the pilot project) is extended fully,” said tenant Wendy Tee, who operates a playschool at TURE.
Analysts told TODAY the waterfront location already makes the Kampong Bugis area attractive, and making it car-free could cause it to be even more distinct.
Mr Colin Tan, Director and Head of Consultancy and Research at Suntec Real Estate Consultants, said the scenic river setting could complement the development of the Sports Hub, making it a potential new tourist attraction.
He also suggested linking the area to the hub to enhance its accessibility.
Mr Chris Koh from property firm Chris International cautioned that the area could lose some of its charm if there was too much development.
“The authorities should strive to preserve its laid-back kampong style,” he said.
Extract:
After 2016, there will also be new housing in Kampong Bugis, as well as Marina South, that will incorporate fewer carpark spaces and fenceless developments. This will allow unfettered public enjoyment of the waterfront.
Kampong Bugis will pilot an eco-friendly, car reduced concept. Commuters will be encouraged to use the MRT, public buses and a future water taxi service as modes of transport.
Given its location at the convergence of two major waterways - Rochor Canal and Kallang River - Kampong Bugis has also been identified as a pilot project for a high density, water sustainable precinct, incorporating stormwater management system, bio-retention basins and detention ponds.
http://www.straitstimes.com/breaking-news/singapore/story/ura-draft-master-plan-2013-more-housing-holland-village-kampong-bugis-
Pap haters will have a fresh ammunition to wack them again. Masterplan seems geared for the rich and not the heartlanders. It seems to encourage forming of enclaves of rich.
bargain hunter
20-11-13, 10:06
how come the first time i load the map the keppel golf course it was zoned yellow (reserve site) and now when i load, its light green (still sports and recreation)?!?!?!?!
-Keppel Golf course no more riaox.. turn to entire residential area. Orchid country club became reserve site
-Updated town planning for bidadari and tamp north
- duo residences hooters will huat big time with massive mix commercial/resi development at rochor centre combine with adjoining plot
-Artas Residences @ Gardens by the Bay
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-frc3/1456763_10151802934787568_1918683569_n.jpg
singapore a lot are rich. middle classes are rich. they just like to kpkb say they are poor.
look at Duo.. 78% singaporean buyers.!
the master plan is good vision moving forward to a vibrant living city!. exciting times ahead!
singapore a lot are rich. middle classes are rich. they just like to kpkb say they are poor.
look at Duo.. 78% singaporean buyers.!
Of the Singaporeans, how many are MIW related (cousin, aunty, nephew after all they earns millions every year) ? how many are newly minted foreign Singaporean new (duo-)citizen with spare millions or billions. :doh:
Of the Singaporeans, how many are MIW related (cousin, aunty, nephew after all they earns millions every year) ? how many are newly minted foreign Singaporean new (duo-)citizen with spare millions or billions. :doh:
complain complain. where u there? did u see the people there? I was there I see so so so many singaporean.
perhaps many like u like like to feel good to find something to blame.
yeah like those singaporean sitting in a landed house retired with no income but kpkb say they are poor why must pay property tax. etc. RIGHT…. :doh::doh::doh:
complain complain. where u there? did u see the people there? I was there I see so so so many singaporean.
perhaps many like u like like to feel good to find something to blame.
yeah like those singaporean sitting in a landed house retired with no income but kpkb say they are poor why must pay property tax. etc. RIGHT…. :doh::doh::doh:
how about having a hdb precinct at marina south? :)
So I guess those hoping for plot ratio revision will be very disappointed then.
The rich singaporeans are busy working and living the good life.
the poor. singaporeans are busy surfing web and dreaming the good life
auroraborealis
20-11-13, 10:59
did u try to load the 2008 plan to compare at the same time? it happen to me too... cant load both plans at same time, even with different windows
how come the first time i load the map the keppel golf course it was zoned yellow (reserve site) and now when i load, its light green (still sports and recreation)?!?!?!?!
did u try to load the 2008 plan to compare at the same time? it happen to me too... cant load both plans at same time, even with different windows
in MP2008, keppel course is listed as sports and recreation. In the DMP13, its now residential.
The Masterplan of 2013 has made several changes as compared to Masterplan 2008 at least in areas of my interest. The sites used to be partially conserved with high plot ratio has been dropped. I am glad as they will be no blockage.
-Keppel Golf course no more riaox.. turn to entire residential area. Orchid country club became reserve site
-Updated town planning for bidadari and tamp north
- duo residences hooters will huat big time with massive mix commercial/resi development at rochor centre combine with adjoining plot
-Artas Residences @ Gardens by the Bay
https://fbcdn-sphotos-e-a.akamaihd.net/hphotos-ak-frc3/1456763_10151802934787568_1918683569_n.jpg
princess_morbucks
20-11-13, 11:56
http://www.straitstimes.com/the-big-story/ura-masterplan-2013/story/10-ways-the-uras-draft-master-plan-2013-will-affect-your-lif
http://www.straitstimes.com/sites/straitstimes.com/files/imagecache/story-gallery-featured/20131120/urabed120e.jpg
An artist's impression of the HDB Bedok Town Plaza. -- PHOTO: URBAN REDEVELOPMENT AUTHORITY
1. The Great South: An entirely new area called the Greater Southern Waterfront will be developed on 1,000 ha on the south coastline once the ports move from Pasir Panjang and Tanjong Pagar to Tuas by 2027.
2. More Marina action: A district called Marina South will take shape next to Marina Bay with eco-friendly features, including bike paths and a 800 metre-long car-free street.
3. Keeping that neighbourhood charm: Holland Village, Jalan Kayu and Serangoon Garden have been added to Singapore's list of "identity nodes" in recognition of their unique, historical charm. Over 70 buildings will be conserved including Alexandra Hospital, Commonwealth Avenue wet market and former military buildings in Seletar.
4. Increasing community interaction: The new Marina South district and an expanded Kampong Bugis will feature fenceless, green housing developments to encourage interaction between neighbours.
5. More homes in diverse locations: Bidadari, Tampines North and Punggol have been identified as new housing areas.
6. Mature estates will be rejuvenated: New home options will be injected into Sembawang, Yishun, Hougang and Choa Chu Kang so that those who want to live near their families may do so.
7. Shorter commutes to work: Growing regional employment centres such as Jurong Lake District, Tampines Regional Centre and Paya Lebar Central will mean jobs closer to homes.
8. More job opportunities: New industrial sites at CleanTech Park, Wenya, Jurong West, Tuas, Seletar West and Lorong Halus will offer more job opportunities
9. Green spaces expanded: Close to 90 per cent of residents will live within 400m of a park as the Government extends the park connecter network, Round Island Route and Rail Corridor.
10. A cycling-friendly city: Under a national plan, the cycling network will grow from the current 230km to over 700km. There will be better parking facilities, better lighting and smoother connectivity for cyclists among other things.
There are some changes to the Masterplan 2013 as compared to Masterplan 2008 in this area that is good for existing development. I am glad there are more green parks and commercial than just residential.
Kallang Riverside.
http://liondojo.files.wordpress.com/2013/05/walking-route1.jpg
I like this article as property owners will benefit directly from it. Got a few mentioned in this article. :)
Car-free residential area to be piloted in Kampong Bugis
http://www.todayonline.com/singapore/car-free-residential-area-be-piloted-kampong-bugis
Singapore — A car-free residential area is set to be piloted in Kampong Bugis, near the Kallang River, as the land-transport network gets redesigned to be more pedestrian-friendly.
BY SUMITA D/O SREEDHARAN - 11 OCTOBER
Singapore — A car-free residential area is set to be piloted in Kampong Bugis, near the Kallang River, as the land-transport network gets redesigned to be more pedestrian-friendly.
The project, revealed in the updated Land Transport Master Plan that was released on Monday, is aimed at making public spaces flourish and the city area more vibrant.
This will mean more space along the sidewalks and streets for pedestrians and various activities.
The Land Transport Authority (LTA) will be working with the Urban Redevelopment Authority (URA) on the project, although no timeline has been offered.
Kampong Bugis is a 500m road that is located behind the former Kallang Gasworks, which vacated the area in 1998. It is a 10-minute walk from Kallang Road that ends at the Kallang River. Currently, there are few developments in the area, which is dominated by greenery.
The entire Kallang Riverside has been earmarked in the URA Master Plan 2008 as a growth area. Under the plan, the area will add about 300,000 sq m of new office space, 700 housing units incorporated into mixed-use developments and 3,000 hotel rooms.
When contacted, the LTA referred queries to the URA, which declined comment.
There are now two car-free zones — Club Street and Haji Lane — which are within selected commercial and historical areas, where traffic is closed for two to three evenings every week to provide more space for walking.
There are also areas such as Albert Mall, where roads were made fully accessible to pedestrians only by 1998.
The current Upper Aljunied Road will also be pedestrianised when it is replaced by a new road which will be built within the upcoming Bidadari estate.
Tenants at TURE — one of four buildings near the Kampong Bugis area — said they were unaware of the authorities’ plans. However, they hoped the current laid-back and serene atmosphere could be maintained even after redevelopment.
Due to the area’s inaccessibility, some tenants suggested that the authorities look into building covered or underground walkways in the area, or providing bicycle-rental facilities at the nearby Kallang and Lavender MRT stations.
Currently, those going to Kampong Bugis tend to drive there.
“If they (the authorities) want to try it out, they could start during weekends or public holidays, and have visible booths where staff (can) collect feedback before it (the pilot project) is extended fully,” said tenant Wendy Tee, who operates a playschool at TURE.
Analysts told TODAY the waterfront location already makes the Kampong Bugis area attractive, and making it car-free could cause it to be even more distinct.
Mr Colin Tan, Director and Head of Consultancy and Research at Suntec Real Estate Consultants, said the scenic river setting could complement the development of the Sports Hub, making it a potential new tourist attraction.
He also suggested linking the area to the hub to enhance its accessibility.
Mr Chris Koh from property firm Chris International cautioned that the area could lose some of its charm if there was too much development.
“The authorities should strive to preserve its laid-back kampong style,” he said.
creative_vitamin
20-11-13, 12:05
only the rich can play in this area...
you can be rich too. i guess
There are some changes to the Masterplan 2013 as compared to Masterplan 2008 in this area that is good for existing development. I am glad there are more green parks and commercial than just residential.
actually, under MP2013, roads are replaced by walk way, and one hotel site has been changed to residential. other than that, they are pretty much the same as MP2008.
bargain hunter
20-11-13, 12:21
i didn't load the 2008 plan. till now my 2013 plan still sports and recreation for keppel golf course. now i dunno how to load back the one with the residential zoning haha.
did u try to load the 2008 plan to compare at the same time? it happen to me too... cant load both plans at same time, even with different windows
Not really. It is more clearly defined in MP2013. Reserve sites in MP2008 have been replaced quite substantialy with residential with strips of commercial. There is more greenery with some adjustment to the plot ratio nearer to Kallang stn. I know at least my view is not blocked for now. :)
actually, under MP2013, roads are replaced by walk way, and one hotel site has been changed to residential. other than that, they are pretty much the same as MP2008.
auroraborealis
20-11-13, 12:31
just load & saw the rezone residential for keppel golf links too...
the keppel club house is a reserved site
i didn't load the 2008 plan. till now my 2013 plan still sports and recreation for keppel golf course. now i dunno how to load back the one with the residential zoning haha.
Not really. It is more clearly defined in MP2013. Reserve sites in MP2008 have been replaced quite substantialy with residential with strips of commercial. There is more greenery with some adjustment to the plot ratio nearer to Kallang stn. I know at least my view is not blocked for now. :)
There is nothing green about it. Just walk ways like in another other park.
princess_morbucks
20-11-13, 12:43
http://www.straitstimes.com/the-big-story/ura-masterplan-2013/story/ura-draft-master-plan-2013-exciting-plans-execution-could-be
The latest blueprint for Singapore's development offers "exciting" new proposals for some areas, while fleshing out details of ambitious plans that been hinted at previously, property consultants said on Wednesday morning.
But they warned that the difficulty would be in the execution of these plans, many of which aim to make Singapore a greener city.
Their comments came after the Urban Redevelopment Authority (URA) released the Draft Master Plan 2013 at 3am on Wednesday.
The URA's proposals include planning details of the new Greater Southern Waterfront area that will be created after the ports move from Tanjong Pagar to Tuas by 2027. They also expound on the development of Marina South as a mixed-use residential district and on the enhancements of other well-loved areas including Holland Village and Kampong Bugis.
In particular, the plans to develop Kampong Bugis could potentially make the area more exciting than Jurong, said Savills Singapore's research head Alan Cheong.
"Kampong Bugis has grown organically over the years, driven partly by a mix of social and economic developments as Singapore grew," he said. "It's not like Jurong East - which was built on manmade reclaimed land - so it's easier to develop."
Suntec Real Estate Consultants' director and head of research and consultancy Colin Tan added that the "freeing up of land for more waterfront districts", such as in the Greater Southern Waterfront, is a timely move.
"Towns are becoming denser; this would make Singapore more liveable," he said.
But he also noted that some of the plans announced by the URA could be difficult to execute. In Kampong Bugis, for instance, the URA is hoping to encourage car-sharing and bicycle-sharing programmes so that fewer commuters drive to work.
The concepts "are nice but they still seem to be a utopian situation that we're working towards", Mr Tan said. "These plans are very far in the future and for now residents of Kampong Bugis could be finding it hard to imagine commuting by bicycle when they're taking the MRT to work every day."
bargain hunter
20-11-13, 13:37
finally saw it. yeah, its a reserved + conserved site. can see the alphabet C on it.
just load & saw the rezone residential for keppel golf links too...
the keppel club house is a reserved site
how about having a hdb precinct at marina south? :)
u mean u look down on HDB dwellers as Poor? ur Poor definition is broken.. No wonder u keep kpkb singapore poor. how broken that kind of mind set is. Do you know how many HDB dwellers have investment homes?
just load & saw the rezone residential for keppel golf links too...
the keppel club house is a reserved site
The reserved/conserved site is Bukit Chermin.
u mean u look down on HDB dwellers as Poor? ur Poor definition is broken.. No wonder u keep kpkb singapore poor. how broken that kind of mind set is. Do you know how many HDB dwellers have investment homes?
u are barking up the wrong tree.
is it that impossible for the five zoned residential plots to include hdb? or are u the one looking down on hdb? :)
thomastansb
20-11-13, 14:41
Singaporeans are poor. They can't even afford $3 chicken rice nowadays. Still got GST.
singapore a lot are rich. middle classes are rich. they just like to kpkb say they are poor.
look at Duo.. 78% singaporean buyers.!
thomastansb
20-11-13, 14:45
HDB should cost 50k only. Now we have 1M dollars flats. Should go back to basic and drop 70%.
u are barking up the wrong tree.
is it that impossible for the five zoned residential plots to include hdb? or are u the one looking down on hdb? :)
Singaporeans are poor. They can't even afford $3 chicken rice nowadays. Still got GST.
But kpkb $1.5 chicken rice are not divered to their door step.
HDB should cost 50k only. Now we have 1M dollars flats. Should go back to basic and drop 70%.
Should it be free+ come with maid n pretty wife n free car too!
u are barking up the wrong tree.
is it that impossible for the five zoned residential plots to include hdb? or are u the one looking down on hdb? :)
So why cannot upgrade the existing pristing with more schools n libary n hdb with better infra to benefit more hdb dwellers then these few special hdb?
Anyway this is just a draft. If enough people kokb it WILL change again. So dont pop champagne yet.
Patrickstar
20-11-13, 16:06
Hdb flats can't cost cheaper than coe lah, $1 million flats not sold by govt, sold by owners.
HDB should cost 50k only. Now we have 1M dollars flats. Should go back to basic and drop 70%.
https://imagizer.imageshack.us/v2/707x476q90/10/e4rt.png
Waterfront living at Kampong Bugis
http://i332.photobucket.com/albums/m356/DC33_2008/SB_Kallangbasin_waterfront_URA_zps73d040c1.jpg (http://s332.photobucket.com/user/DC33_2008/media/SB_Kallangbasin_waterfront_URA_zps73d040c1.jpg.html)
DOWN BY THE RIVER: A waterfront residential precinct to be developed in Kampong Bugis will have fenceless housing designs to encourage community interaction.
Adrian Lim
MyPaper
Wednesday, Nov 20, 2013
The quaint waterfront setting along the Kallang River will form the backdrop to a new high-density private residential precinct in Kampong Bugis, with around 4,000 new homes.
The 18ha area is bounded by Kallang Road and Crawford Street, and extends up to Rochor River and Kallang River.
Development may begin after 2016, said the Urban Redevelopment Authority (URA).
Tentative plans drawn up for the area include garden settings with seamless pedestrian connectivity.
Kampong Bugis residents will be encouraged to use their cars less and take the MRT more often, in a pilot project. The area has two existing MRT stations nearby: Kallang and Lavender.
There may also be car-sharing and bicycle-sharing schemes, but they will not be rolled out by the authorities, unlike in other cities.
Instead, the URA will encourage private-property developers to implement them.
Water taxis may also be an alternative way to commute around the area.
No fences will be erected around the private-housing developments, so that members of the public can enjoy the waterfront more.
Such fenceless designs have been explored in other developments, such as the one-north residences and Robertson Quay, and are designed to encourage community interaction and increase pedestrian connectivity.
Property analysts have said in earlier reports that the waterfront setting stands the Kampong Bugis area in good stead with investors and home buyers. Homes with waterfront views may be priced at the higher end of the market.
- See more at: http://business.asiaone.com/news/waterfront-living-kampong-bugis#sthash.Z8rx7xYr.dpuf
actually, under MP2013, roads are replaced by walk way, and one hotel site has been changed to residential. other than that, they are pretty much the same as MP2008.
starrynight
20-11-13, 19:56
I'm very curious re any significant revisions to plot ratios too. Did not see any for the areas I am interested in.
Safe to say there aren't substantial changes?
So I guess those hoping for plot ratio revision will be very disappointed then.
Orchid country club became reserve site
Does that mean Orchid Country Club is gone? Where can I send the feedback to keep the only "mass market" club? I pay S$3 to swim there every week.
princess_morbucks
20-11-13, 20:47
Does that mean Orchid Country Club is gone? Where can I send the feedback to keep the only "mass market" club? I pay S$3 to swim there every week.
How about swimming at SAFRA?
I'm very curious re any significant revisions to plot ratios too. Did not see any for the areas I am interested in.
Safe to say there aren't substantial changes?
I think its totally expected and inline with government effort to decentralize singapore and freeing up land for development. Ultimately keeping empty land doesnt generate income for the governments so its better to use them instead of reserving them for future use.
Does that mean Orchid Country Club is gone? Where can I send the feedback to keep the only "mass market" club? I pay S$3 to swim there every week.
I thought OCC still has 10 more years lease?
I'm very curious re any significant revisions to plot ratios too. Did not see any for the areas I am interested in.
Safe to say there aren't substantial changes?
Check out Rivergate. New residential with 1st floor commercial coming up next to it!
New road or extension of River Valley Green all the way to join River Valley Road.
Wonder what is the time line of this happening ...:beats-me-man:
I'm very curious re any significant revisions to plot ratios too. Did not see any for the areas I am interested in.
Safe to say there aren't substantial changes?
i stay at lentor. they revised the plot ratio and decided to build shopping center there.
i stay at lentor. they revised the plot ratio and decided to build shopping center there.
Ooooo ... where's the shopping center? Is it the pink parcel 3.5? Wonder what will be the impact of the North South expressway ...
:mad:j
I read through but no mention of railway or green corridor.
Looks like rifle range road is widened to be an exit slip road from upper bukit timah towards city area.
i stay at lentor. they revised the plot ratio and decided to build shopping center there.
I stay at Lentor Grove. Where they going to shopping centre?
The area between paterson, Ochard Blvd and Grange road will undergo some serious transformation. All the international schools will have to make way for residential development with 1st floor commercial.
starrynight
21-11-13, 00:16
Yup, the road will now link all the way to next to Cosmopolitan. School remains, but the ERC Institute and the Employment Inspectorate looks like will make way for plot ratio 3.5, and as you say, 1 of them will have ground floor commercial :)
Timeline: might be in conjunction / just after the construction of the MRT line?
Check out Rivergate. New residential with 1st floor commercial coming up next to it!
New road or extension of River Valley Green all the way to join River Valley Road.
Wonder what is the time line of this happening ...:beats-me-man:
* Botanica garden will be enlarged , Tyersall Ave road will be realign.
* Rochor Road canel from little india onwards will be cover up. (believe this has already been announced.)
starrynight
21-11-13, 01:08
Just noticed a few more details ard the Robertson Quay / Kim Seng / Dempsey area:
Zouk (building) gets conserved status :p
Zouk building and area just around it zoned as resi with ground floor commercial, plot ratio 3.8
Area flanked by Singapore River, Kim Seng Road, Zion Road and Havlock Road where the HDB flats are now obviously go, by the road today where you do a giant U-turn is re-aligned to be right in the middle of the plot. The plot is then carved up into half hotel and half resi. Both plot ratio 3.8
Pretty much all of Dempsey (including the "golf course") is slated for residential use?!Keppel Bay Island: 1/3 of it remains slated for residential (supp to be high end landed), but the other half is supposed to be a park. Yay!
Yup, the road will now link all the way to next to Cosmopolitan. School remains, but the ERC Institute and the Employment Inspectorate looks like will make way for plot ratio 3.5, and as you say, 1 of them will have ground floor commercial :)
Timeline: might be in conjunction / just after the construction of the MRT line?
Ooooo ... where's the shopping center? Is it the pink parcel 3.5? Wonder what will be the impact of the North South expressway ...
Pink parcel probably ground level commercial only. Only the blue parcels will be larger mixed development.
Pink parcel probably ground level commercial only. Only the blue parcels will be larger mixed development.
ya I think you are right. I think they should make it into a mixed development since it has an MRT entrance right at the doorstep.
So it is probably some ground level eateries.... sounds like there will be parking problem if you live too near there.
I stay at Lentor Grove. Where they going to shopping centre?
lentor grove is the closest "free parking" to the new shopping area and the MRT. I suspect the parking there will be horrendous once the MRT and developments are up.
[SINGAPORE] The Draft Master Plan (MP) 2013 has moved beyond numbers and allocating land for various uses, into taking a more holistic approach to developing new activity clusters and encouraging green spaces.
Thought by various consultants as being more inclusive and people-centric, the latest plan shone the spotlight on the softer aspects of urban planning, such as quality of life, the creation of a more liveable environment, and sports and recreation.
While MP 2013 is still fundamentally driven by economics, there is a stronger emphasis on community engagement and the creation of identity, said Chua Yang Liang, head of research, South-east Asia, at Jones Lang LaSalle.
But in light of the possibility of the population hitting the 6.9 million mark by 2030, some consultants were surprised that plot ratios were left largely unchanged in the latest plan.
"Perhaps the government is working towards a longer timeline and is looking to phase and gradually increase the plot ratios instead of a broad brush approach," said Colliers International research head Chia Siew Chuin.
"Phase-managing the increase could also prevent excessive speculative activities to realise potential values that could be tapped from increased building intensity," she said.
A sampling of 22 private residential developments that were either launched or sold via en bloc sales in 2013 did not show any increase in plot ratios, said Nicholas Mak, executive director, research and consultancy, at SLP International.
What stood out was the fact that the plot ratio for two of the properties, Hillview House and Lam Soon Industrial Building, were reduced from 1.92 in MP 2008 to 1.62 in MP 2013.
Both developments are existing industrial buildings on freehold residential land.
Similarly, a cluster of terrace factories at Hillview Terrace saw their plot ratios reduced from 1.92 in MP 2008 to 1.62 in MP 2013.
However, plot ratios at Holland Village, which was identified as one of the key areas to be further developed, rose significantly.
For instance, within the Holland Village extension, two residential plots at Holland Drive, which were acquired by the government under the Selective En bloc Redevelopment Scheme (SERS) in 2011, had their plot ratios raised from 2.8 to 4.6 and 3.6.
Most consultants cited fears of another round of en bloc sales exerting upward pressure on private home prices as the reason for why plot ratios were not increased. "Revisions in plot ratios are always the first (thing) stakeholders look forward to in a new Master Plan. But it is probably time to be realistic and realise that this isn't a sure path for owners to enjoy windfalls through en-bloc sales," said Ong Kah Seng, director at R'ST Research.
Given that the government has successfully unlocked land from other sources, there was no need to increase plot ratios, said Alan Cheong, Savills Singapore's head of research and consultancy.
"We still have pockets of infield sites in the heartland. Why would we want to increase plot ratio in established areas and soak up demand which is going to the new regions that the government is planning?" he asked.
The key is to expand more land and provide more communal spaces, said Donald Han, managing director of Chesterton Singapore. "Currently, 5.3 million people live in approximately 71,400 hectare (ha), or 74 persons per ha. By 2030, another 76,000 ha will be made available for an increased population of up to 1.9 million. This reflects a lower density ratio of about 49 persons per ha," he said.
Meanwhile, more focus should be given to the manufacturing sector to ensure that the real estate hardware continues to cater to the fast-changing nature of the sector, said Ms Chia.
Having shown a willingness to modify existing real estate templates to update the housing environment for the current needs of the population, such as through the introduction of public housing flats for singles and multi-generation housing units, the government needs to adopt a similar strategy to ensure that manufacturing-related companies still have a place in Singapore's factories, and are not disqualified as commercial entities in the economy, she said.
"If the government wishes to promote all spheres of business with an entrepreneurial spirit, there should also be affordable 'no-frills' commercial premises made available for businesses, including small-and-medium enterprises," she added.
That said, there has been a real effort to rejuvenate all the old and existing industrial spaces which have been key drivers for Singapore from the 1970s, said Desmond Sim, associate director at CBRE Research. "(As) we are going through economic restructuring, it looks like the industrial zoning will be zoned by clusters. So if a food manufacturer is in Defu and Defu is going to (focus on) light industrial, they will encourage the food manufacturer to move to a food belt like Bedok . . . This more concerted effort to cluster complementary industries together allows for economies of scale."
So why cannot upgrade the existing pristing with more schools n libary n hdb with better infra to benefit more hdb dwellers then these few special hdb?
going back to marina south, have u looked at the blurb about "fenceless precinct" for the supposed urban village? actually i wonder how this "community living" is that different from hdb living?
of cos this is all just paper talk at the moment.
was surprise Bukit Timah turf city was left untouched in this plan
Most of these proposed developments may only happen after 2016. It could be 2017, 2020 or never.
It is more atas retail shops on ground floor with re:psidental units above in marina south. Just that the older hdb flats has coffeshop at corners.
going back to marina south, have u looked at the blurb about "fenceless precinct" for the supposed urban village? actually i wonder how this "community living" is that different from hdb living?
of cos this is all just paper talk at the moment.
It is more atas retail shops on ground floor with re:psidental units above in marina south. Just that the older hdb flats has coffeshop at corners.
i feel its hard to be atas as long as there is no private access & exclusivity.
going back to marina south, have u looked at the blurb about "fenceless precinct" for the supposed urban village? actually i wonder how this "community living" is that different from hdb living?
of cos this is all just paper talk at the moment.
well the master plan is a vision. Time is needed to work out the actual details. I would think it would be a mix of everything blend together. Working, leasiure and housing. Plus medical support?
i feel its hard to be atas as long as there is no private access & exclusivity.
I think just think of the sail, icon etc. duo also fenceless?
Ion res too.
I think just think of the sail, icon etc. duo also fenceless?
Ion res too.
so means integrated housing then?
smellyfish
21-11-13, 10:31
that is right, fenceless doesnt mean no security.
and yes, the master plan is just that, a grand vision. You have to execute the plan. But say what you want about the SG govt, they are probably one of the best executioners :p around.
what this plan demonstrate is the sheer amount of good location in SG that can still be tapped, and the hundreds of thousands of good location housing units that can still be built.
Saving bullets for those projects facing gardens by the bay.
DuaNehNehChioBu
21-11-13, 10:51
Saving bullets for those projects facing gardens by the bay.
$4K / square feet you still interested ? lol :rolleyes:
lentor grove is the closest "free parking" to the new shopping area and the MRT. I suspect the parking there will be horrendous once the MRT and developments are up.
Frankly, the master plan 2013 is badly conceived, all buildings, not much extra roads.
DuaNehNehChioBu
21-11-13, 12:19
Infuture there is NO need road anymore.
Cause vehicles can FLY up to the sky...Just like Star Trek :rolleyes:
Frankly, the master plan 2013 is badly conceived, all buildings, not much extra roads.
u have MCE. arterial roads are part of the all build up. so what roads u want? Express way everywhere? frankly the push is to move ask pole take train. there is a limit on how much road u can build.
that is right, fenceless doesnt mean no security.
and yes, the master plan is just that, a grand vision. You have to execute the plan. But say what you want about the SG govt, they are probably one of the best executioners :p around.
what this plan demonstrate is the sheer amount of good location in SG that can still be tapped, and the hundreds of thousands of good location housing units that can still be built.
frankly our master planning beats the likes of Hongkong! or China.
thomastansb
21-11-13, 13:51
Many HK people march on their street 1 day after PM Lee talk about the affordability of HDB. 16k for a studio and 100k for a 3 bedroom. Where to find in this world? Of course, in a similar environment. City area, first world nation, one of the highest earners and lowest tax in the world, cheap food.
frankly our master planning beats the likes of Hongkong! or China.
u have MCE. arterial roads are part of the all build up. so what roads u want? Express way everywhere? frankly the push is to move ask pole take train. there is a limit on how much road u can build.
Take train? You must be one of those that never taken train during rush hours just like the bosses that decided on the masterplan.
Pray hard when you're old nothing happens when you need to rush to hospital during rush hours. Of course unless you are elite enough for them to standby you a helicopter.
:p
our MRT/bus is madness now especially during peak hours and that would contribute to people stress and unhappiness ....
I wish we could have double deck trains like the one in Sidney Metro
http://www.youtube.com/watch?v=XqKVnB0ojc8
Take train? You must be one of those that never taken train during rush hours just like the bosses that decided on the masterplan.
Pray hard when you're old nothing happens when you need to rush to hospital during rush hours. Of course unless you are elite enough for them to standby you a helicopter.
:p
I take train everyday. I take from bugis out always empty at morning what.
Who ask u go rush with all the people. peak every also people not just road. either go earlier or go flex hours.
Want to go rush with the main crowd regardless where also crowded.
our MRT/bus is madness now especially during peak hours and that would contribute to people stress and unhappiness ....
I wish we could have double deck trains like the one in Sidney Metro
http://www.youtube.com/watch?v=XqKVnB0ojc8
trians in all city during peak hrs are crowded. look at london, japan,hk, taiwan or bangkok etc. peak hours also pack.
just if possible don't travel during peak hrs lor. either earlier or later if job permit. go rush with the crowd anywhere also crowded. its not Unique singapore problem like so many want to think its special to us.
http://www.youtube.com/watch?v=Z1qC78MLqhU&noredirect=1
http://www.youtube.com/watch?v=DjJSbd0-BxM&list=PL6DL6MKz2Tg4q9FhTWJ1SJUNyaHphrgvs&noredirect=1
http://www.youtube.com/watch?v=2KkreK06Ho0&noredirect=1
http://www.youtube.com/watch?v=xG-meaGqg-M&noredirect=1
http://www.youtube.com/watch?v=9zyiSACe8oQ&noredirect=1
http://www.youtube.com/watch?v=f4Ewf09o0t4&noredirect=1
Its call rush hour for a reason …….. and its not a SINGAPORE ONLY Problem..:doh::doh::doh:
In the 90s I do not remember Bus or MRT is so damm packed even during peak peak hours ... :beats-me-man:
our MRT/bus is madness now especially during peak hours and that would contribute to people stress and unhappiness ....
I wish we could have double deck trains like the one in Sidney Metro
http://www.youtube.com/watch?v=XqKVnB0ojc8
Australia Metro train during peak hours are also over crowded. So nothing new to if u ask me.
http://www.youtube.com/watch?v=IwLfNK6niwg&noredirect=1
In the 90s I do not remember Bus or MRT is so damm packed even during peak peak hours ... :beats-me-man:
in the 70s I don't remember we have to take train. or have roads. and we eat squatting by the road on stools. Last time police wear shorts. and ah beng don't speak English.
Pt is time move on. the World move on. Singapore also have to move with times.
in the 70s I don't remember we have to take train. or have roads. and we eat squatting by the road on stools. Last time police wear shorts. and ah beng don't speak English.
Pt is time move on. the World move on. Singapore also have to move with times.
Be fair. I admit i do not often take public transport, but a recent afternoon this year where i took the train along the east-west line shocked me. It was jam packed at 3pm off peak. I only had to travel some three mrt stations into Tg Pagar and already the experience was unbearable. This is why i can understand the unhappiness on the ground. When it comes to over crowding, clearly our public transport infrastructure is at its worst state in history.
Be fair. I admit i do not often take public transport, but a recent afternoon this year where i took the train along the east-west line shocked me. It was jam packed at 3pm off peak. I only had to travel some three mrt stations into Tg Pagar and already the experience was unbearable. This is why i can understand the unhappiness on the ground. When it comes to over crowding, clearly our public transport infrastructure is at its worst state in history.
hmm I take often from bugis towards Changi airport. took many times daily from can tell u its pack at peak hrs like normal 8-9. but from 9-12 are manageable most of the time at 10 I get seats.
I have no problem from the return leg during 1-2 pm some times at 4pm no seats are manageable. peak hrs.. yeah usual crowd.
Well if people all expect to step into a empty train every day all day of hours. then the cost of the ride is going to be very ex. so thats the reality. Question is are people willing to pay for it?
....and despite getting jam packed passengers which translate to higher amount of fare collected......they still want to increase fare....fair or not?
....and despite getting jam packed passengers which translate to higher amount of fare collected......they still want to increase fare....fair or not?
Higher? hahhah…. actually not raising the pay for the employees of the trains fair or not?
Since when was the last fair raise ah.. there was a fair reduction .. its been a good 4-5 yrs.. since the 2008 down turn..
Want better service but don't want to pay but complain train is run down.. how typical are people.? People forget abt inflation ? BTW inflation is not again a Singapore only problem wat.
Ai Pe Ai Chi, Ai Kao lor Pi, Ai Tua Liap Nee , Ai Liam Ti Ti.
Well everything comes at a cost Right? Yi fen Chian Yi Fen hor.
....and despite getting jam packed passengers which translate to higher amount of fare collected......they still want to increase fare....fair or not?
Salary of staff is not stagnant so fee need too raise.
Higher? hahhah…. actually not raising the pay for the employees of the trains fair or not?
Since when was the last fair raise ah.. there was a fair reduction .. its been a good 4-5 yrs.. since the 2008 down turn..
Want better service but don't want to pay but complain train is run down.. how typical are people.? People forget abt inflation ? BTW inflation is not again a Singapore only problem wat.
Ai Pe Ai Chi, Ai Kao lor Pi, Ai Tua Liap Nee , Ai Liam Ti Ti.
Well everything comes at a cost Right? Yi fen Chian Yi Fen hor.
this is where brains and logic gets thrown out of the window.
SMRT's profit, after tax, is $120m in FY12. they can easily give pay increments and it will only make a slight dent on the profits.
when fuel prices dropped (and is still languishing), did they revise fare downwards? check out their reasons for previous hikes, one of it is rising fuel costs.
In the 90s I do not remember Bus or MRT is so damm packed even during peak peak hours ... :beats-me-man:
In the 80s as a student I remember buses are always very packed. Many a times I only managed to squeeze in and had to hold on to the railings near the bus driver. Can't get up buses a few times were normal. I recalled there was once I got home at 9+pm after my afternoon session school.
Now thinking about it, wonder why we were so patient then? Maybe our pace of life was slower then. Maybe we have no avenues to complain. Maybe it was difficult to complain then as had to write letter. Or simply we (or just me) were too timid or bochap :doh:
trians in all city during peak hrs are crowded. look at london, japan,hk, taiwan or bangkok etc. peak hours also pack.
just if possible don't travel during peak hrs lor. either earlier or later if job permit. go rush with the crowd anywhere also crowded. its not Unique singapore problem like so many want to think its special to us.
http://www.youtube.com/watch?v=Z1qC78MLqhU&noredirect=1
http://www.youtube.com/watch?v=DjJSbd0-BxM&list=PL6DL6MKz2Tg4q9FhTWJ1SJUNyaHphrgvs&noredirect=1
http://www.youtube.com/watch?v=2KkreK06Ho0&noredirect=1
http://www.youtube.com/watch?v=xG-meaGqg-M&noredirect=1
http://www.youtube.com/watch?v=9zyiSACe8oQ&noredirect=1
http://www.youtube.com/watch?v=f4Ewf09o0t4&noredirect=1
Its call rush hour for a reason …….. and its not a SINGAPORE ONLY Problem..:doh::doh::doh:
Singapore a bit different from big countries. Sure the city in Japan and China is packed, very packed, but people don't live in the city all their lives....
Many Chinese and Japanese got relatives and parents living in the country side. But here, we're trapped in the city.
In the 80s as a student I remember buses are always very packed. Many a times I only managed to squeeze in and had to hold on to the railings near the bus driver. Can't get up buses a few times were normal. I recalled there was once I got home at 9+pm after my afternoon session school.
Now thinking about it, wonder why we were so patient then? Maybe our pace of life was slower then. Maybe we have no avenues to complain. Maybe it was difficult to complain then as had to write letter. Or simply we (or just me) were too timid or bochap :doh:
complaining is also herd mentality. last time no internet, cannot compare with now. also, last time we were kids, expectations were lower. when you squeeze on the bus, your minds were on the next CA/SA, the girl next door, what time is your PE lessons, blah blah blah.. where got thinking of blardy FT causing me to squeeze. also, last time no FT, now got FT to take the blame. oh, i forgot, FT is causing all these. dun blame them, blame who. and last time daddy mummy pay for fare increase, we dun feel the pinch leh :doh:
this is where brains and logic gets thrown out of the window.
SMRT's profit, after tax, is $120m in FY12. they can easily give pay increments and it will only make a slight dent on the profits.
when fuel prices dropped (and is still languishing), did they revise fare downwards? check out their reasons for previous hikes, one of it is rising fuel costs.
Did ur chicken rice seller dial back the price when cooking oil got cheaper or rice got cheaper?
"SMRT CORP REPORTED a 56.8% decline in earnings to $14.4 million for 2QFY2014 ended Sept despite posting a 5.3% increase in revenue to $296.3 million. Hitting the company’s bottom line heavily was a 27% increase in staff costs to $118.5 million. Repair and maintenance costs, meanwhile, rose 14.2% to $29.8 million. Operating profit at its train business has sunk from $24.3 million in 2QFY2013 to just $1 million this quarter.
The company’s balance sheet does not look great either. Cash levels have sunk dramatically. As at March 31, 2013, SMRT had $332.5 million in cash and $213.8 million in fixed deposits. As at the end of September, however, cash had declined to $104.7 million while fixed deposits were down to $68.6 million. Net gearing is now up to 58% of equity from just 8% before. SMRT has $150 million worth of fixed rate notes due in October 2014."
Maybe u donna what is net gearing.? u need to look up the dictionary? to run a system u need cash flow.
u mean profit never go back to pay the people? what abt pay loans and interest on gearing? all u pick is profit. no need to dial back to liabilities on the book?
this is not running a mama shop ah chek.
Singapore a bit different from big countries. Sure the city in Japan and China is packed, very packed, but people don't live in the city all their lives....
Many Chinese and Japanese got relatives and parents living in the country side. But here, we're trapped in the city.
Ehhh now people say u got iskanda ah….
We always like to think we are different. WE ARE SPECIAL people like to say..
I say yes we have a narrow vision to make ourself think we are SPECIAL
Did ur chicken rice seller dial back the price when cooking oil got cheaper or rice got cheaper?
"SMRT CORP REPORTED a 56.8% decline in earnings to $14.4 million for 2QFY2014 ended Sept despite posting a 5.3% increase in revenue to $296.3 million. Hitting the company’s bottom line heavily was a 27% increase in staff costs to $118.5 million. Repair and maintenance costs, meanwhile, rose 14.2% to $29.8 million. Operating profit at its train business has sunk from $24.3 million in 2QFY2013 to just $1 million this quarter.
The company’s balance sheet does not look great either. Cash levels have sunk dramatically. As at March 31, 2013, SMRT had $332.5 million in cash and $213.8 million in fixed deposits. As at the end of September, however, cash had declined to $104.7 million while fixed deposits were down to $68.6 million. Net gearing is now up to 58% of equity from just 8% before. SMRT has $150 million worth of fixed rate notes due in October 2014."
Maybe u donna what is net gearing.? u need to look up the dictionary? to run a system u need cash flow.
u mean profit never go back to pay the people? what abt pay loans and interest on gearing? all u pick is profit. no need to dial back to liabilities on the book?
this is not running a mama shop ah chek.
WHAHAHAHAHAHAHAHAHA!!!!!! SELF-PAWNED
do you even know what is the meaning of profit?! WAHAHAHAHAHAHAHAHAHAHAHAHAHA
In the 80s as a student I remember buses are always very packed. Many a times I only managed to squeeze in and had to hold on to the railings near the bus driver. Can't get up buses a few times were normal. I recalled there was once I got home at 9+pm after my afternoon session school.
Now thinking about it, wonder why we were so patient then? Maybe our pace of life was slower then. Maybe we have no avenues to complain. Maybe it was difficult to complain then as had to write letter. Or simply we (or just me) were too timid or bochap :doh:
Coz life have gotten better. we have lost the vigor to rough it out. to fight for the cheese.
So in the past we fight for the cheese. now a days? We KPKB WHO THE **** Move my Cheese!!! Must be FT!!!! kpkb…
Fact is we never reach out hard enough for the Cheese. Cheese was still there in the same place. we have become lazy and complacent tats all.
like as though it help….
WHAHAHAHAHAHAHAHAHA!!!!!! SELF-PAWNED
do you even know what is the meaning of profit?! WAHAHAHAHAHAHAHAHAHAHAHAHAHA
u need to lesson on gearing?
i'm still laughing hard on the self pawned antic!!!! WAHAHAHAHAHAHAHAHAHA
composure, composure.........without raising fares, SMRT's profit (after tax. eh kam gong, it's P-R-O-F-I-T), will drop by about $20-25m and leaving it with $100m.
u need to lesson on gearing?
WAHAHAHAHAHA, no need. it's you who need accounting 101
"u mean profit never go back to pay the people? what abt pay loans and interest on gearing? all u pick is profit. no need to dial back to liabilities on the book?"
profit = revenue - liabities liao!!!! WAHAHAHAHAHAHAHAHA
Higher? hahhah…. actually not raising the pay for the employees of the trains fair or not?
Since when was the last fair raise ah.. there was a fair reduction .. its been a good 4-5 yrs.. since the 2008 down turn..
Want better service but don't want to pay but complain train is run down.. how typical are people.? People forget abt inflation ? BTW inflation is not again a Singapore only problem wat.
Ai Pe Ai Chi, Ai Kao lor Pi, Ai Tua Liap Nee , Ai Liam Ti Ti.
Well everything comes at a cost Right? Yi fen Chian Yi Fen hor.
If transport is a bread and butter issue for a typical wage earner, and the fact that
more are encouraged to or rather forced to atke public transport now that COE is stuck at the upper stratiospheric levels....meaning there will be higher and higher ridership, meaning higher and higher revenue which translate to better economy of scale for the transport operators....perhaps a loaded minority would not feel the pinch as these minority can afford to drive....in all comapnies there will be cycles when they need to reinvest revenues to replace wear and tear, expansionetc.....so a dip is not unexpected at various point.....you do sound very pro-transport operator....are you working with one of them?
If transport is a bread and butter issue for a typical wage earner, and the fact that
more are encouraged to or rather forced to atke public transport now that COE is stuck at the upper stratiospheric levels....meaning there will be higher and higher ridership, meaning higher and higher revenue which translate to better economy of scale for the transport operators....perhaps a loaded minority would not feel the pinch as these minority can afford to drive....in all comapnies there will be cycles when they need to reinvest revenues to replace wear and tear, expansionetc.....so a dip is not unexpected at various point.....you do sound very pro-transport operator....are you working with one of them?
he is not pro-transport operator bro... he is pro-PAP. every day only PAP good. everything else is not good.
he is not pro-transport operator bro... he is pro-PAP. every day only PAP good. everything else is not good.
Minority is not pro-PAP, he is just stating the truth, while some of the views happen to be PAP's views
MRT so poor thing you know
use cable tie for its rail claws
so maybe now need to raise fare to buy better and special type of
cable tie ?:beats-me-man:
Minority is not pro-PAP, he is just stating the truth, while some of the views happen to be PAP's views
i think from his post history it is clear he is a die-hard pappy. Nothing wrong with that really. :)
If transport is a bread and butter issue for a typical wage earner, and the fact that
more are encouraged to or rather forced to atke public transport now that COE is stuck at the upper stratiospheric levels....meaning there will be higher and higher ridership, meaning higher and higher revenue which translate to better economy of scale for the transport operators....perhaps a loaded minority would not feel the pinch as these minority can afford to drive....in all comapnies there will be cycles when they need to reinvest revenues to replace wear and tear, expansionetc.....so a dip is not unexpected at various point.....you do sound very pro-transport operator....are you working with one of them?
Nope I don't work for any of them. But I m a very pargmatic view on it. Not to view it through a bias glasses like the eng eng Cheng Cheng. It's a business n like all business there ate cost strictue n profitability to make running it efficient n worth while.
i think from his post history it is clear he is a die-hard pappy. Nothing wrong with that really. :)
Pro economy n realistic don't make me a pappy. It's when people cannot win a argument they always resort to saying oh pappy blah blah blah.
If transport is a bread and butter issue for a typical wage earner, and the fact that
more are encouraged to or rather forced to atke public transport now that COE is stuck at the upper stratiospheric levels....meaning there will be higher and higher ridership, meaning higher and higher revenue which translate to better economy of scale for the transport operators....perhaps a loaded minority would not feel the pinch as these minority can afford to drive....in all comapnies there will be cycles when they need to reinvest revenues to replace wear and tear, expansionetc.....so a dip is not unexpected at various point.....you do sound very pro-transport operator....are you working with one of them?
To add if the wage of the general population have been raising it's normal the cost of business will go up. As long raise is not out of proportion. When it's out of proption it becomes hyper inflation. That's when it really hurts.
Pro economy n realistic don't make me a pappy. It's when people cannot win a argument they always resort to saying oh pappy blah blah blah.
who did you vote for in the last two general elections? :)
WAHAHAHAHAHA, no need. it's you who need accounting 101
"u mean profit never go back to pay the people? what abt pay loans and interest on gearing? all u pick is profit. no need to dial back to liabilities on the book?"
profit = revenue - liabities liao!!!! WAHAHAHAHAHAHAHAHA
Shunning like a baby is all u know? Wat a joke.
this is where brains and logic gets thrown out of the window.
SMRT's profit, after tax, is $120m in FY12. they can easily give pay increments and it will only make a slight dent on the profits.
when fuel prices dropped (and is still languishing), did they revise fare downwards? check out their reasons for previous hikes, one of it is rising fuel costs.
why give give increment when can employ cheaper
and give out top dividends to shareholders
service no more on the agenda, Profits are
cheaperest besterest and fasterest the motto of the day
if there is one thing that can be proud of
USE CABLE TIE for the RAIL CLAWS :):)
genius idea
I see a lot of misunderstanding here.. Profit made for one year must be properly retained and budgeted, for future and unexpected expenses. Every company does that. Only REIT has an obligation to distribute most of the income to holders. SMRT as a company is not really doing that well. The profit is tiny compared to its expenses. Maintenance parts and services, replacement costs, future improvement works, future wages, etc, are all very expensive. It needs profits made in several years to prepare for it.
The only point you could champion, is to run trains as public service not a business. That will be an entirely different perspective , and a whole different subject. But to say because SMRT made 12mil therefore it should reduce fare , is not reflecting the business reality.
thomastansb
21-11-13, 19:32
Although I am a very hardcore PAP supporter, I can't agree on the transportation part. I feel they have done a rather poor job. The moment they use 1.1B on a PRIVATE company, I feel they have let us down. Our taxpayer money shouldn't have been spent on a private company and yet, the private company is still paying out millions in dividend. This is just not right. Ah Lui has disappointed me greatly.
Instead, LTA should impose heavy penalty on the service level - which didn't really happen. I only remember $100 fine for overcrowded buses :doh:
COE, I don't really care. A car is not a necessity so no big deal. But I take MRT everyday. Really getting from bad to worse.
Did ur chicken rice seller dial back the price when cooking oil got cheaper or rice got cheaper?
"SMRT CORP REPORTED a 56.8% decline in earnings to $14.4 million for 2QFY2014 ended Sept despite posting a 5.3% increase in revenue to $296.3 million. Hitting the company’s bottom line heavily was a 27% increase in staff costs to $118.5 million. Repair and maintenance costs, meanwhile, rose 14.2% to $29.8 million. Operating profit at its train business has sunk from $24.3 million in 2QFY2013 to just $1 million this quarter.
The company’s balance sheet does not look great either. Cash levels have sunk dramatically. As at March 31, 2013, SMRT had $332.5 million in cash and $213.8 million in fixed deposits. As at the end of September, however, cash had declined to $104.7 million while fixed deposits were down to $68.6 million. Net gearing is now up to 58% of equity from just 8% before. SMRT has $150 million worth of fixed rate notes due in October 2014."
Maybe u donna what is net gearing.? u need to look up the dictionary? to run a system u need cash flow.
u mean profit never go back to pay the people? what abt pay loans and interest on gearing? all u pick is profit. no need to dial back to liabilities on the book?
this is not running a mama shop ah chek.
I see a lot of misunderstanding here.. Profit made for one year must be properly retained and budgeted, for future and unexpected expenses. Every company does that. Only REIT has an obligation to distribute most of the income to holders. SMRT as a company is not really doing that well. The profit is tiny compared to its expenses. Maintenance parts and services, replacement costs, future improvement works, future wages, etc, are all very expensive. It needs profits made in several years to prepare for it.
The only point you could champion, is to run trains as public service not a business. That will be an entirely different perspective , and a whole different subject. But to say because SMRT made 12mil therefore it should reduce fare , is not reflecting the business reality.
Brudder
you are correct
Run trains as a public service and not to make shareholders happy
Although I am a very hardcore PAP supporter, I can't agree on the transportation part. I feel they have done a rather poor job. The moment they use 1.1B on a PRIVATE company, I feel they have let us down. Our taxpayer money shouldn't have been spent on a private company and yet, the private company is still paying out millions in dividend. This is just not right. Ah Lui has disappointed me greatly.
Instead, LTA should impose heavy penalty on the service level - which didn't really happen. I only remember $100 fine for overcrowded buses :doh:
COE, I don't really care. A car is not a necessity so no big deal. But I take MRT everyday. Really getting from bad to worse.
I encourage you to continue supporting PAP with both eye open (not blindly)
2 morning weeks ago a former Minister was at Marine Parade to buy durians
and behind him followed an entourage !!!
to me this is really shocking :doh::doh:
Don't be stupid lah, quote profit don't quote cash flow. Their cash flow from operations very very high, profits figure has alway been manipulated. :hell-hath-no-fury:
Did ur chicken rice seller dial back the price when cooking oil got cheaper or rice got cheaper?
"SMRT CORP REPORTED a 56.8% decline in earnings to $14.4 million for 2QFY2014 ended Sept despite posting a 5.3% increase in revenue to $296.3 million. Hitting the company’s bottom line heavily was a 27% increase in staff costs to $118.5 million. Repair and maintenance costs, meanwhile, rose 14.2% to $29.8 million. Operating profit at its train business has sunk from $24.3 million in 2QFY2013 to just $1 million this quarter.
The company’s balance sheet does not look great either. Cash levels have sunk dramatically. As at March 31, 2013, SMRT had $332.5 million in cash and $213.8 million in fixed deposits. As at the end of September, however, cash had declined to $104.7 million while fixed deposits were down to $68.6 million. Net gearing is now up to 58% of equity from just 8% before. SMRT has $150 million worth of fixed rate notes due in October 2014."
Maybe u donna what is net gearing.? u need to look up the dictionary? to run a system u need cash flow.
u mean profit never go back to pay the people? what abt pay loans and interest on gearing? all u pick is profit. no need to dial back to liabilities on the book?
this is not running a mama shop ah chek.
Don't be stupid lah, quote profit don't quote cash flow. Their cash flow from operations very very high, profits figure has alway been manipulated. :hell-hath-no-fury:
Teddy san
we had many differences
but at least we have this in common :)
I believe I am a hard-fact person - I tackle the issue & not the person...
And the issue here is when somebody quote profit as a measure of profitability as though we are idiots!
He doesn't know the profits has been manipulated? :doh:
Teddy san
we had many differences
but at least we have this in common :)
In the 90s I do not remember Bus or MRT is so damm packed even during peak peak hours ... :beats-me-man:
I travelled from Bedok to SP through shenton way. The 146 (if I remember correctly) was super pack from as early as 7am. That could be in the last 80s or early 90s.
Errrrrr ... can we get back to the topic to discuss the Draft MP 2013?
Nope I don't work for any of them. But I m a very pargmatic view on it. Not to view it through a bias glasses like the eng eng Cheng Cheng. It's a business n like all business there ate cost strictue n profitability to make running it efficient n worth while.
Hahahaha very pragmatic indeed ... running on taxpayers contribution in the name of public transport and feeding capitalist shareholders like you perhaps?
COE, I don't really care. A car is not a necessity so no big deal. But I take MRT everyday. Really getting from bad to worse.
N-S and E-W lines already almost reaching max capacity. The masterplan still adding more people to Jurong, Woodlands, Tampines and Yishun without considering this.
Does LTA coordinate with URA and HDB? Or are they running like separate profit oriented companies. LTA trying to maximize profit by squeezing in as many people into the trains as possible while URA tries to sell as much land as possible?
N-S and E-W lines already almost reaching max capacity. The masterplan still adding more people to Jurong, Woodlands, Tampines and Yishun without considering this.
Does LTA coordinate with URA and HDB? Or are they running like separate profit oriented companies. LTA trying to maximize profit by squeezing in as many people into the trains as possible while URA tries to sell as much land as possible?
Are you not aware that LTA is pushing out the JRL, CRL as well as upgrading their signalling system to increase the frequency of trains.
I see a lot of misunderstanding here.. Profit made for one year must be properly retained and budgeted, for future and unexpected expenses. Every company does that. Only REIT has an obligation to distribute most of the income to holders. SMRT as a company is not really doing that well. The profit is tiny compared to its expenses. Maintenance parts and services, replacement costs, future improvement works, future wages, etc, are all very expensive. It needs profits made in several years to prepare for it.
The only point you could champion, is to run trains as public service not a business. That will be an entirely different perspective , and a whole different subject. But to say because SMRT made 12mil therefore it should reduce fare , is not reflecting the business reality.
sorry, i think you are totally wrong here. look at past 4-5 FYs' profits - they are in the range of $160-180mil per annum. and please, don't make the mistake of the M(inority)oron. we are talking about close to $1bn of profits over the last 5 years.
profit = revenue - liabilities (includes expenses)
so they are big fat on profits, in my opinion.
Don't be stupid lah, quote profit don't quote cash flow. Their cash flow from operations very very high, profits figure has alway been manipulated. :hell-hath-no-fury:
precisely, we haven't even talk about cash flow. just by the books alone, the reason to raise fares is already BS!!
if there is another train operator that i can give my business to (because SMRT service sucks), then i will call this a legit business. or else, it's simply an unfair monopoly and consumers have no choice but to pay whatever the service providers dictate.
why give give increment when can employ cheaper
and give out top dividends to shareholders
service no more on the agenda, Profits are
cheaperest besterest and fasterest the motto of the day
if there is one thing that can be proud of
USE CABLE TIE for the RAIL CLAWS :):)
genius idea
that's why i am for nationalizing critical public infrastructure/assets, e.g. transport. when u run it like a business, then the focus gets skewed by bumping up profits and satisfying shareholders (and we all know who the big patron is)
we are lucky they used cable tie. if they are hard up for profits, they may turn to rubber bands or hair bands.
if you dont run for profits then what is the incentive to be effecient.
Although I am a very hardcore PAP supporter, I can't agree on the transportation part. I feel they have done a rather poor job. The moment they use 1.1B on a PRIVATE company, I feel they have let us down. Our taxpayer money shouldn't have been spent on a private company and yet, the private company is still paying out millions in dividend. This is just not right. Ah Lui has disappointed me greatly.
Instead, LTA should impose heavy penalty on the service level - which didn't really happen. I only remember $100 fine for overcrowded buses :doh:
COE, I don't really care. A car is not a necessity so no big deal. But I take MRT everyday. Really getting from bad to worse.
this is what i call a balanced view.
precisely, we haven't even talk about cash flow. just by the books alone, the reason to raise fares is already BS!!
if there is another train operator that i can give my business to (because SMRT service sucks), then i will call this a legit business. or else, it's simply an unfair monopoly and consumers have no choice but to pay whatever the service providers dictate.
If you had a lot of SMRT shares, you will view it differently, especially if you bought them at $1.6 or even $1.9.
if you dont run for profits then what is the incentive to be effecient.
to provide a basic service for the public?!?!?! what we have witnessed is sacrificing basic obligations, like maintennance (and compromising safety to a certain extent), for profits
since the industry is monopolized, is there even an incentive to be efficient?
i think there is a business case for SMRT to be profitable, or at least, for the MRT services to be listed. it forces some degree of efficiency.
the other question to really ask ourselves - with such a huge population of pple who have no stake in this country (read: FT, FW, etc), there is really no need to provide public goods to them at the cost of the citizens (i dun say taxpayers because many of these FT also pay tax).
what needs to be done is really, for the stakeholders (we singaporeans) to "benefit" from their sufferings. look, i dun mind squeezing in the blardy crowded MRT if the ride is free. but making it free across the board means FT/FW also benefit, which should not be the case.
so instead, we should be getting some transport rebate on a monthly basis from garmen (we=singaporeans). say, average person spend $200/mth on transport. give them this rebate. then all will shut up.
sorry, i think you are totally wrong here. look at past 4-5 FYs' profits - they are in the range of $160-180mil per annum. and please, don't make the mistake of the M(inority)oron. we are talking about close to $1bn of profits over the last 5 years.
profit = revenue - liabilities (includes expenses)
so they are big fat on profits, in my opinion.
hey kam gong. frankly wat is 120M a year? for a company 120M is nothing. its what ? 3-4 GCB?
F&N is 5.6B a year. dumbo. UOB 1Q is 730M.
Wtf is 120M u want to add 5 yrs up and say 1B u must well add up 20yrs and make the no. look much bigger?
Also u dumb ass try to mis lead people. profit is what? ridership Operating profit (EBIT) on other business like advertising , rental , Taxi and engineering services profit? the non fair profit itself is 90M.
u lump everything together and cry foul? Ridership don't make up the bulk of its profit ok.
wat a cry cry wolf fool.
If you had a lot of SMRT shares, you will view it differently, especially if you bought them at $1.6 or even $1.9.
I think commuters shouldn't take the blame for mismanagement of a company.
Comfort Delgro also operates buses and trains but has done a better job.
If you had a lot of SMRT shares, you will view it differently, especially if you bought them at $1.6 or even $1.9.
i shorted it from $1.6 to $1.30. Thank you smrt for your ineptness, haha.
i think there is a business case for SMRT to be profitable, or at least, for the MRT services to be listed. it forces some degree of efficiency.
the other question to really ask ourselves - with such a huge population of pple who have no stake in this country (read: FT, FW, etc), there is really no need to provide public goods to them at the cost of the citizens (i dun say taxpayers because many of these FT also pay tax).
what needs to be done is really, for the stakeholders (we singaporeans) to "benefit" from their sufferings. look, i dun mind squeezing in the blardy crowded MRT if the ride is free. but making it free across the board means FT/FW also benefit, which should not be the case.
so instead, we should be getting some transport rebate on a monthly basis from garmen (we=singaporeans). say, average person spend $200/mth on transport. give them this rebate. then all will shut up.
Wat $200 only!!!! the kpkb will kao pay. I don't think $200 rebate is of any use. No 1 will be appreciative of it. Rather be more target. the low income with help for transport rebates etc or even food or skill training to help them catch up. the rest of the population should be able to take care of themselves.
Hahahaha very pragmatic indeed ... running on taxpayers contribution in the name of public transport and feeding capitalist shareholders like you perhaps?
tax payers? LOL.. fair collected are tax payers? u have air bubble in ur brain?
precisely, we haven't even talk about cash flow. just by the books alone, the reason to raise fares is already BS!!
if there is another train operator that i can give my business to (because SMRT service sucks), then i will call this a legit business. or else, it's simply an unfair monopoly and consumers have no choice but to pay whatever the service providers dictate.
oi.. air bubble in ur brain. Cash flow can appear high if the company gear up more! cocker narnden.
to provide a basic service for the public?!?!?! what we have witnessed is sacrificing basic obligations, like maintennance (and compromising safety to a certain extent), for profits
since the industry is monopolized, is there even an incentive to be efficient?
oh so if there are competition and non monopolized in a small market like ours means u get better service n quality won't get cut? every go sim lim buy something at razor thin profit? what service u get?
the ah beng will service u very well with his nuckle. dumbo.
hey kam gong. frankly wat is 120M a year? for a company 120M is nothing. its what ? 3-4 GCB?
F&N is 5.6B a year. dumbo. UOB 1Q is 730M.
Wtf is 120M u want to add 5 yrs up and say 1B u must well add up 20yrs and make the no. look much bigger?
Also u dumb ass try to mis lead people. profit is what? ridership Operating profit (EBIT) on other business like advertising , rental , Taxi and engineering services profit? the non fair profit itself is 90M.
u lump everything together and cry foul? Ridership don't make up the bulk of its profit ok.
wat a cry cry wolf fool.
eh kam gong, $120mil not alot?! then why ask for fare increase? i'm sure the fare hike would be peanuts compared to the existing profits
and kam gong, the five years data is obtained from their annual report. another epic self-pawned WAHAHAHAHAHAHAHA
and who on earth dictates that the company can't use profits from other sources to subsidize other cost centers? before we even go there, do you even have proof that MRT is losing $$ on ridership.
if so, how on earth did it get listed? before it had all these retail and rental blah blah blah, ridership is its bread & butter.
think before you even comment, kam gong. oh wait, forgot you can't
oi.. air bubble in ur brain. Cash flow can appear high if the company gear up more! cocker narnden.
thanks for agreeing with my point then!!! If there is no problems with cashflow and the books look entirely good, then why ask for a hike with a totally crap reason??
eh kam gong, $120mil not alot?! then why ask for fare increase? i'm sure the fare hike would be peanuts compared to the existing profits
and kam gong, the five years data is obtained from their annual report. another epic self-pawned WAHAHAHAHAHAHAHA
and who on earth dictates that the company can't use profits from other sources to subsidize other cost centers? before we even go there, do you even have proof that MRT is losing $$ on ridership.
if so, how on earth did it get listed? before it had all these retail and rental blah blah blah, ridership is its bread & butter.
think before you even comment, kam gong. oh wait, forgot you can't
$120M from what may I ask u? Fair profit or other service ? U have a bubble in ur eye too? or just selective vision?
YES! $120M is nothing ! how many GCB ah ? one Duo launch is already more than wat they make in 1 yr! Stupid.
thanks for agreeing with my point then!!! If there is no problems with cashflow and the books look entirely good, then why ask for a hike with a totally crap reason??
wat a stupid fool. its ok blind is blind. ur selective vision is super solid. :banghead::banghead::banghead:
sydney is 4.5M population. what is the next cash profit for the sydney metro? 885M in 2012.
kam gong. why they also raise fairs by 3.3% ah? since someone here say Australia metro so good.
talk cock sing song. u expect the rail to run in negative? cock !
its a sickness today in our society. everything expect free. drop from sky. and don't want to work for it.
:banghead::banghead::banghead:
hong kong metro raise fair by 2-3%
why ah they also profitable leh. Why ah? how can they? :tsk-tsk::tsk-tsk::tsk-tsk::banghead::banghead::bang head:
yeah want state run train ?? like india? then go india take the train 1st.
http://newvideopopuler.blogspot.sg/2009_11_01_archive.html
http://4.bp.blogspot.com/_d1J-bLMbydw/SxQNca-UANI/AAAAAAAAAA8/7YDxgA0-umU/s1600/mumbai-local-train_2.jpg
how much profit is HK MTR in 2012 ah?
http://online.wsj.com/article/BT-CO-20130311-701515.html
HKD 13B.
yes 120M in singapore is very low :banghead::banghead::banghead::banghead::bang head:
but then the KPKB will KP that its still a +ve!!! it should be -ve!!! :banghead::banghead::bang head: run it to the ground?
minority, i dunno what u are arguing about really. Be like teddy and look at the hard facts. Dont be blinded by your unquestioning faith in every thing pap-linked. If you are holding smrt shares maybe better let go. Bcos everyone knows its business model is never like those of any other normal businesses. It has more political risks and the social climate and trend in spore has changed. Even a fare hike will not return it to the past. At least not in the short to mid term. Worse if they do a rights issue and claw back more from retail shareholders, haha. :)
minority, i dunno what u are arguing about really. Be like teddy and look at the hard facts. Dont be blinded by your unquestioning faith in every thing pap-linked. If you are holding smrt shares maybe better let go. Bcos everyone knows its business model is never like those of any other normal businesses. It has more political risks and the social climate and trend in spore has changed. Even a fare hike will not return it to the past. At least not in the short to mid term. Worse if they do a rights issue and claw back more from retail shareholders, haha. :)
I am looking at hard facts what. don't be blinded that anything also is pap linked.
Also don't accuse or assume i have vested interest. No I don't own shares. I don't work for them nor do I have anything to gain. In fact if fair is raised I will pay more. I rather have a Rail then not having 1 becoz I am too stingy to pay.
I am arguing tat I don't see whats the problem that SMRT is profit base. and Raising Fair is not a popular move but I think its necessary to keep it going. And to me this is not a singapore unique think. look at MRT look at other rails ?
Teddy and stupid Eng are like saying SMRT is evil? I thing people have to be realistic wat they expect. Not wanting to pay for anything but expect more? lol… oh also people cannot accept higher tax? too. right?
If you want to talk about SMRT profit and justification for fare hike, its important to split their rental and advertising income from transport operations. That way you will be able to tell if fare hike is justifiable.
If you want to talk about SMRT profit and justification for fare hike, its important to split their rental and advertising income from transport operations. That way you will be able to tell if fare hike is justifiable.
Go read their annual report . its split inside. bus n taxi are negative.
Go read their annual report . its split inside. bus n taxi are negative.
I am aware of that..thats why I am suggesting that one should remove income from non core businesses when looking at transport cost.
Vision, Mission & Core Values
Our Vision
Moving People, Enhancing Lives
Our Mission
To be the PEOPLE'S CHOICE by delivering a WORLD-CLASS transport service and lifestyle experience that is SAFE, RELIABLE and CUSTOMER-CENTRIC.
Our Core Values
Service Excellence
Anticipate the needs of others, acknowledge them to be as important as your own, and fulfill them in accordance with our mission.
Put others first.
Mastery
Upgrade your skills and expand your knowledge to excel in your role.
Be the best you can be!
Responsibility and Respect
Honour your commitments, embrace the differences among us, and respect the dignity of every individual.
Give everyone the respect they deserve.
Teamwork
Be united in our mission, combine our individual skills and talents, and strengthen our relationships.
Together we can do anything!
Nurture
Fostering a caring environment that empowers individuals to make meaningful contributions and motivates them to excel.
Lead with a heart.
Integrity
Uphold the highest professional ethics, embody our vision and mission, and lead by example.
Do the right thing.
So you mean all govt bodies must run for profit otherwise not efficient? :rolleyes:
this is the most lame excuse I have ever heard!
Now, if what you assert is true, then evironment ministry, PM office, health ministry, education ministry, transport ministry, ... (wah, almost all govt ministries) all NOT efficient now! Must give them super clear KPIs dictated by the people then can make them efficient! :p
if you dont run for profits then what is the incentive to be effecient.
This is the most idiotic statement I have ever heard! :rolleyes:
You mean you borrow more and you get more cash flow from operations?
What cash flow you are talking about? :ashamed1:
oi.. air bubble in ur brain. Cash flow can appear high if the company gear up more! cocker narnden.
So you mean all govt bodies must run for profit otherwise not efficient? :rolleyes:
this is the most lame excuse I have ever heard!
Now, if what you assert is true, then evironment ministry, PM office, health ministry, education ministry, transport ministry, ... (wah, almost all govt ministries) all NOT efficient now! Must give them super clear KPIs dictated by the people then can make them efficient! :p
indeed they r not very efficient wat?! :banghead:
other things aside, juz look at how much they paid themselves wif their corresponding duties u can tell how efficient, effective they r liao~
Its all emptiness
Profits of course will be a BONUS
But what is the use
if Vision, Mission and Core Values are not met ?
So you mean transport companies need to be efficient but they don't need to be?
So why transport companies need to be efficient then? :p
Why not suggest give them super clear KPIs for every ministry? :beats-me-man:
indeed they r not very efficient wat?! :banghead:
other things aside, juz look at how much they paid themselves wif their corresponding duties u can tell how efficient, effective they r liao~
Its all emptiness
Profits of course will be a BONUS
But what is the use
if Vision, Mission and Core Value are not met ?
but what is the use of meeting the vision, mission and core values when singaporean's nids hv not been addressed & cared for?
So you mean transport companies need to be efficient but they don't need to be?
So why transport companies need to be efficient then? :p
since when hv I given u the impression of so?
Why not suggest give them super clear KPIs for every ministry? :beats-me-man:
sure.
do not overpay yrself den u ought to be :p
but what is the use of meeting the vision, mission and core values when singaporean's nids hv not been addressed & cared for?
Precisely my Dear
Vision. Mission and Core Values are not set by the public in the 1st place
It was formulated by SMRT
Are they abandoning their Vision Mission and Core Values now in the name of profits so as to give out top dividends to please their shareholders ?
Precisely my Dear
Vision. Mission and Core Values are not set by the public in the 1st place
It was formulated by SMRT
Are they abandoning their Vision Mission and Core Values now in the name of profits so as to give out top dividends to please their shareholders ?
actually it is hard to strike a balance between being accountable to shareholders & and being responsible for the welfare of the public. the latter is the responsible of govt, not pte companies.
I feel tat the best way to please everyone is to allow pte operators like sbstransit, smrt to raise the price to ensure a decent profit but our fares r partially subsidised by govt.
machiam like education liddat la :ashamed1:
This is the most idiotic statement I have ever heard! :rolleyes:
You mean you borrow more and you get more cash flow from operations?
What cash flow you are talking about? :ashamed1:
the ah long kind of cash flow. why bother to delve into his statements? the depth of his thoughts is probably sufficient for a flea to dip its toe in
Precisely my Dear
Vision. Mission and Core Values are not set by the public in the 1st place
It was formulated by SMRT
Are they abandoning their Vision Mission and Core Values now in the name of profits so as to give out top dividends to please their shareholders ?
that's why i'm all for nationalizing critical public infrastructure. let it be zero sum game or adopt a cost-plus model.
why should it be milking hundreds of millions of dollars each year? it doesn't spend a single cent to maintain the tracks
actually it is hard to strike a balance between being accountable to shareholders & and being responsible for the welfare of the public. the latter is the responsible of govt, not pte companies.
I feel tat the best way to please everyone is to allow pte operators like sbstransit, smrt to raise the price to ensure a decent profit but our fares r partially subsidised by govt.
machiam like education liddat la :ashamed1:
Why not ?
When SMRT first ventured out
It did not state that they will increase shareholders stake in value and worth
It started off as a Customer Orientated Entity
Therefore the Vision Mission and Core Values should be the Motivation
Not profit Orientated
Why not ?
When SMRT first ventured out
It did not state that they will increase shareholders stake in value and worth
It started off as a Customer Orientated Entity
Therefore the Vision Mission and Core Values should be the Motivation
Not profit Orientated
increasing shareholders' wealth is implied for a pte coy sia.
juz like when u 1st join a coy, u oso nvr declare in yr letter of appointment tat u will nid to eat snake during office hours wat, but look wat's simi doing currently :p
the day once u decided to privatise a public service, u shd aldy noe the consequences. tats y I suggest govt to partial subsidised wat ...
another qn is, do u tink smrt could have done a better job if it’s part of civil service? might be even worse.
increasing shareholders' wealth is implied for a pte coy sia.
juz like when u 1st join a coy, u oso nvr declare in yr letter of appointment tat u will not eat snake during office hours, but look wat's simi doing currently :p
the day once u decided to privatise a public service, u shd aldy noe the consequences. tats y I suggest govt to partial subsidised wat ...
another qn is, do u tink smrt could have done a better job if it’s part of civil service?
that question will only lead to hypothetical conjectures. i can question back - why won't SMRT do a better job if it's still a govt asset?
that question will only lead to hypothetical conjectures. i can question back - why won't SMRT do a better job if it's still a govt asset?
look at how money is being spent in the various ministries den u tell me issit better for citizens to pay a slightly higher fare to a pte operator or we nationalise our transport coy, pay a low fare but at the end subsidise ourselves through paying more taxes :47:
that's why i'm all for nationalizing critical public infrastructure. let it be zero sum game or adopt a cost-plus model.
why should it be milking hundreds of millions of dollars each year? it doesn't spend a single cent to maintain the tracks
these pseudo-privatised GLCs are also used to park and feed paper generals and pap poyalists that have little place or career to speak of in the true private sector market.
look at how money is being spent in the various ministries den u tell me issit better for citizens to pay a slightly higher fare to a pte operator or we nationalise our transport coy, pay a low fare but at the end subsidise ourselves through paying more taxes :47:
firstly, let's not limit ourselves to these two options. why can't a nationalized transport provider be cost effective and provide decent service?
secondly, i don't think that by paying higher fares would mean paying less taxes. e.g. if we take the current books of SMRT and supplant the profits into a fictitious public transport entity, they would have a mandate to channel the profits back into the public sector.
increasing shareholders' wealth is implied for a pte coy sia.
juz like when u 1st join a coy, u oso nvr declare in yr letter of appointment tat u will nid to eat snake during office hours wat, but look wat's simi doing currently :p
the day once u decided to privatise a public service, u shd aldy noe the consequences. tats y I suggest govt to partial subsidised wat ...
another qn is, do u tink smrt could have done a better job if it’s part of civil service? might be even worse.
Then I would say you are one that do not take a company's
Vision Mission and Core Values seriously or
understand what they are meant to be
It should not be IMPLIED, It must be stated CLEARLY
If my Boss see me eating snake now......should I say it is implied and get away with it ? :scared-2:
firstly, let's not limit ourselves to these two options. why can't a nationalized transport provider be cost effective and provide decent service?
I nvr say tat they r unable. I merely feel tat it will be more exp & ultimately it is still the taxpayers tat is paying it at the end of the day.
secondly, i don't think that by paying higher fares would mean paying less taxes. e.g. if we take the current books of SMRT and supplant the profits into a fictitious public transport entity, they would have a mandate to channel the profits back into the public sector.
I nvr say higher fares will translate into lower taxes. dun twist my words hor.
I said it might result in paying higher taxes.
we will be back to sq 1.
I nvr say tat they r unable. I merely feel tat it will be more exp & ultimately it is still the taxpayers tat is paying it at the end of the day.
I nvr say higher fares will translate into lower taxes. dun twist my words hor.
I said it might result in paying higher taxes.
we will be back to sq 1.
that's why i said in my earlier post that these will merely lead to hypothetical conjunctures.
i'm not twisting your words, i'm merely stating the converse of what you proposed. without facts, both scenarios have equal likelihood of occurence.
i'm sure there are cost efficient and good national transport systems in other countries around the world.
Then I would say you are one that do not take a company's
Vision Mission and Core Values seriously or
understand what they are meant to be
tsk, tsk, tsk ... u see huh ... u tis type of young ppl always like to implement core values blindly.
let me give u an example.
coy handbook define the conduct of a gd employee - cannot be late.
k lor, I arrive punctually every morning but spend 1/2hr tcss in condosg b4 I get down to work. liddat KPI met, still considered gd employee hor?
It should not be IMPLIED, It must be stated CLEARLY
u r so! so! so! naïve!
if last time certain top level ppl explicitly told u tat he will be paid so much bonus, u will still donote blindly to his orgn every yr bo? :tongue3:
If my Boss see me eating snake now......should I say it is implied and get away with it ? :scared-2:
well, yr fate doesn't lie on u, it tat depends on how smart yr boss is, hahaha! :D
a crazy nuts turned mei ren yu into yu ge ge..
;)
a crazy nuts turned mei ren yu into yu ge ge..
;)
wat? u dun anyhow bully new comers hor! :mad:
wat? u dun anyhow bully new comers hor! :mad:
btw ge ge is not concubine leh...
:tsk-tsk:
btw ge ge is not concubine leh...
:tsk-tsk:
many ge ge ended up marrying the emperor leh :tongue3:
I nvr say tat they r unable. I merely feel tat it will be more exp & ultimately it is still the taxpayers tat is paying it at the end of the day.
I nvr say higher fares will translate into lower taxes. dun twist my words hor.
I said it might result in paying higher taxes.
we will be back to sq 1.
Aiyah eng eng cheng cheng will kpkb when tax get raise when $$ is needed to fund all these social "Projects". Why becoz people are disconnected in the Brain. They want good want cheap want free and want fast. Just don't ask them pay for it. Its someone else problem to pay.
Ai Pi Ai Chi. Ai Tua Liap Nee. But Mai heng Lui.
This is the most idiotic statement I have ever heard! :rolleyes:
You mean you borrow more and you get more cash flow from operations?
What cash flow you are talking about? :ashamed1:
how stupid are u? u don't run business? Cash flow is no.1. Borrow on obligations n hold cash flow to keep operation running.
Don't be another numb skull like the eng eng cheng cheng.
many ge ge ended up marrying the emperor leh :tongue3:
ohh u subconsciously rather be a concubine of emperor, then be the main wife of a commoner
hehe
Aiyah eng eng cheng cheng will kpkb when tax get raise when $$ is needed to fund all these social "Projects". Why becoz people are disconnected in the Brain. They want good want cheap want free and want fast. Just don't ask them pay for it. Its someone else problem to pay.
Ai Pi Ai Chi. Ai Tua Liap Nee. But Mai heng Lui.
haha, so nowadays fares/std of living increase I oso numb liao ... kpkb oso no use. it will be more beneficial to preserve my brain cells to tink of more ways & means to increase my wealth.
haha, so nowadays fares/std of living increase I oso numb liao ... kpkb oso no use. it will be more beneficial to preserve my brain cells to tink of more ways & means to increase my wealth.
precisely!!!!!!
how stupid are u? u don't run business? Cash flow is no.1. Borrow on obligations n hold cash flow to keep operation running.
Don't be another numb skull like the eng eng cheng cheng.
WAHAHAHAHAHAHA!!!!! SELF PAWNED
borrow to maintain cash flow and maintain company operations?!?!? if SMRT needs to resort to that, it better get de-listed.
kam gong, number one rule for gearing - borrow to generate higher returns!!
WAHAHAHAHAHAHAHAHAHAHA, this is epic!!!
ohh u subconsciously rather be a concubine of emperor, then be the main wife of a commoner
hehe
chey! who is xihan to be the wife of a commoner in the 1st place?
even if can choose between to be empress or concubine, I oso dun wan to be empress!
hahaha :ashamed1:
WAHAHAHAHAHAHA!!!!! SELF PAWNED
borrow to maintain cash flow and maintain company operations?!?!? if SMRT needs to resort to that, it better get de-listed.
kam gong, number one rule for gearing - borrow to generate higher returns!!
WAHAHAHAHAHAHAHAHAHAHA, this is epic!!!
all u can do is Wahhh n cry..120M return is very good? lol how weak is that. dumb.
ohh u subconsciously rather be a concubine of emperor, then be the main wife of a commoner
hehe
which masterplan is this?
which masterplan is this?
having a break.. u can ignore me..
all u can do is Wahhh n cry..120M return is very good? lol how weak is that. dumb.
it is kinda rude of u to label ppl as dumb to bring yr points across. fret not, ppl hv eyes to see one ...we can judge who is making sensible & constructive comments.
all u can do is Wahhh n cry..120M return is very good? lol how weak is that. dumb.
so are u suggesting that $120m of profits is poor? so pray, tell us how much profits are you generating for your company? tell us how much your company is generating in profits?
yawn.....you are incapable of processing logic. so, please surprise us
so are u suggesting that $120m of profits is poor? so pray, tell us how much profits are you generating for your company? tell us how much your company is generating in profits?
yawn.....you are incapable of processing logic. so, please surprise us
Aiyoh…. must also teach u to read annual report?
F&N 5.4B
UOB 1Q 730M
need I hold ur hand and bring u go see report.? :doh::doh::doh:
BTW HK MTR is 13B HKD ok.
Capital Land 1Q 134M .
1 yr 120M alot meh? :doh::doh::doh::doh:
Aiyoh…. must also teach u to read annual report?
F&N 5.4B
UOB 1Q 730M
need I hold ur hand and bring u go see report.? :doh::doh::doh:
BTW HK MTR is 13B HKD ok.
WAHAHAHAHAHAHAHAHAHAHAHAHAHA. i almost rolled off the floor!!!!!
u compare a public transport provider to a F&B/property player and a bank?!?!?!?
WAHAHAHAHAHAHA, thanks for brightening up my day
WAHAHAHAHAHAHAHAHAHAHAHAHAHA. i almost rolled off the floor!!!!!
u compare a public transport provider to a F&B/property player and a bank?!?!?!?
WAHAHAHAHAHAHA, thanks for brightening up my day
oh MTR is what? Sell bread? :doh::doh::doh::doh:
If I am the people in SMRT must well go and be F&B. Why waste time do public transport and get blame for every shit under the sun. Not like its a very profitable business.
thank you for agreeing with me.
You really talk like an idiot! You say cash flow high because borrow high right? Now so what is the problem?
So how is net profit that you mention which is so little relate to cash flow? :beats-me-man:
The truth is, profit has been depressed artificially through accounting gimmicks while if you look at net cash flow from operations, wow, super! I have never seen a company (as yet) other than SMRT whose net cash flow from operations can be >2.5x that of net profit! :scared-1:
how stupid are u? u don't run business? Cash flow is no.1. Borrow on obligations n hold cash flow to keep operation running.
Don't be another numb skull like the eng eng cheng cheng.
You really talk like an idiot! You say cash flow high because borrow high right? Now so what is the problem?
So how is net profit that you mention which is so little relate to cash flow? :beats-me-man:
The truth is, profit has been depressed artificially through accounting gimmicks while if you look at net cash flow from operations, wow, super! I have never seen a company whose net cash flow from operations can be >2.5x that of net profit! :scared-1:
u should join the numb skull eng eng on the low IQ train. What is auditing for? kns. everything also fake?
:doh::doh::doh:
Really? Since SMRT transport segment worth so little, ask govt to buy over loh, run it like a public service like in many developed countries... :beats-me-man:
oh MTR is what? Sell bread? :doh::doh::doh::doh:
If I am the people in SMRT must well go and be F&B. Why waste time do public transport and get blame for every shit under the sun. Not like its a very profitable business.
thank you for agreeing with me.
Really? Since SMRT transport segment worth so little, ask govt to buy over loh, run it like a public service like in many developed countries... :beats-me-man:
Sure u pay 45% tax 1st lor. Wait!!! CANNOT… KPKB again coz must pay higher tax to fund such project.
u are another blind numb nut.
Auditing? Wow! I nearly fell to the floor!
Firstly you don't know accounting, you don't know the difference between net cash flow from operations and net profits, and you don't know how net profits can be legally depressed using accounting gimmicks,
then after that you tell us auditing for what?! :doh:
You are the real numb skull stupid idiot! :scared-1:
u should join the numb skull eng eng on the low IQ train. What is auditing for? kns. everything also fake?
:doh::doh::doh:
Auditing? Wow! I nearly fell to the floor!
Firstly you don't know accounting, you don't know the difference between net cash flow from operations and net profits, and you don't know how net profits can be legally depressed using accounting gimmicks,
then after that you tell us auditing for what?! :doh:
You are the real numb skull stupid idiot! :scared-1:
So can u reply me so wtf is auditing is for? don't just go round the bush scream fire fire fire.
like the way u say. then all the SGX or DJ company should close down then?
:doh::doh::doh:.
So can u reply me so wtf is auditing is for? don't just go round the bush scream fire fire fire.
like the way u say. then all the SGX or DJ company should close down then?
:doh::doh::doh:.
dun depend too much on auditors hor ... many of them r sleeping 1 ...
like wat teddy said, there r many legal ways for coy to up to some "mischief".
Why that you tell us how auditing can prevent company from depressing reported net profits using legal accounting gimmicks? :hell-hath-no-fury:
So can u reply me so wtf is auditing is for? don't just go round the bush scream fire fire fire.
like the way u say. then all the SGX or DJ company should close down then?
:doh::doh::doh:.
Originally Posted by teddybear View Post
Auditing? Wow! I nearly fell to the floor!
Firstly you don't know accounting, you don't know the difference between net cash flow from operations and net profits, and you don't know how net profits can be legally depressed using accounting gimmicks,
then after that you tell us auditing for what?!
You are the real numb skull stupid idiot!
thomastansb
22-11-13, 15:59
Why don't you just be nice and join the Government sector to improve our life instead of complaining? Make a difference instead of nagging and whining. It is not going to help.
If you hate the Government, then why don't you go somewhere to air your grievances? Like theonlinecitizen, TRS, the real singapore. I am sure people there will be happy to entertain you and you all can curse the Government together.
You all anti-government extremist people like to link everything with the Government. Rain also blame Government. Cannot shit also blame them. Seriously, get a life.
Why that you tell us how auditing can prevent company from depressing reported net profits using legal accounting gimmicks? :hell-hath-no-fury:
Originally Posted by teddybear View Post
Auditing? Wow! I nearly fell to the floor!
Firstly you don't know accounting, you don't know the difference between net cash flow from operations and net profits, and you don't know how net profits can be legally depressed using accounting gimmicks,
then after that you tell us auditing for what?!
You are the real numb skull stupid idiot!
We are talking about SMRT profits, what has that to do with complaining govt? I complain or not is always based on facts.
Please read and comprehend before making comment and barking up the wrong tree. Are you another pappy dog that seem to have a brain but can't think and can't differentiate black and white and right and wrong? :banghead:
Why don't you just be nice and join the Government sector to improve our life instead of complaining? Make a difference instead of nagging and whining. It is not going to help.
If you hate the Government, then why don't you go somewhere to air your grievances? Like theonlinecitizen, TRS, the real singapore. I am sure people there will be happy to entertain you and you all can curse the Government together.
You all anti-government extremist people like to link everything with the Government. Rain also blame Government. Cannot shit also blame them. Seriously, get a life.
Why don't you just be nice and join the Government sector to improve our life instead of complaining? Make a difference instead of nagging and whining. It is not going to help.
If you hate the Government, then why don't you go somewhere to air your grievances? Like theonlinecitizen, TRS, the real singapore. I am sure people there will be happy to entertain you and you all can curse the Government together.
You all anti-government extremist people like to link everything with the Government. Rain also blame Government. Cannot shit also blame them. Seriously, get a life.
Lol no wonder teddy n eng eng sound constipated . Kek sai ah!
dun depend too much on auditors hor ... many of them r sleeping 1 ...
like wat teddy said, there r many legal ways for coy to up to some "mischief".
So like wat teddy say he agree that smrt profits are actually even lower! Coz audit are faked n books are doctored so to show share holders they have made 120m profit?
Why that you tell us how auditing can prevent company from depressing reported net profits using legal accounting gimmicks? :hell-hath-no-fury:
Originally Posted by teddybear View Post
Auditing? Wow! I nearly fell to the floor!
Firstly you don't know accounting, you don't know the difference between net cash flow from operations and net profits, and you don't know how net profits can be legally depressed using accounting gimmicks,
then after that you tell us auditing for what?!
You are the real numb skull stupid idiot!
Oh so now u are saying smrt books are doctored to show profits? So that means u are saying their actual profits are lower? Oh great! It's not actually making money then !
Thanks for agreeing then.
If you don't understand accounting, then please shut up. :rolleyes:
The profits figure shown by SMRT is not fake or doctored, because if you say "doctored" means there is fraud, is that what you are saying? I didn't say that! :tongue3:
I only say the profit figure is much lower than actual profitability because of legal accounting gimmicks. Only people who understand accounting will understand this, and you won't because you have ZERO understanding of accounting rules, so stop acting smart and telling people you understand accounting because only a stupid bloody idiot will do that and show people how stupid and ignorant you are! :scared-1:
Oh so now u are saying smrt books are doctored to show profits? So that means u are saying their actual profits are lower? Oh great! It's not actually making money then !
Thanks for agreeing then.
If you don't understand accounting, then please shut up. :rolleyes:
The profits figure shown by SMRT is not fake, because if you say fake means there is fraud, is that what you are saying? I didn't say that! :tongue3:
I only say the profit figure is much lower than actual profitability because of legal accounting gimmicks. Only people who understand accounting will understand this, and you won't because you have ZERO understanding of accounting rules, so stop acting smart and telling people you understand accounting because only a stupid bloody idiot will do that and show people how stupid and ignorant you are! :scared-1:
Oh ok so profit is lower now for smrt. So smrt is not profitable . So raise fair is fair after all?
Don't flip flop again.
Another of your stupid idiotic statement! :tsk-tsk:
You say "profit is lower now for smrt", so how is that related to "so smrt is not profitable"?
You are telling us that smrt "profit lower" means "not profitable"? :tongue3:
No word can describe you extreme ultra stupidity! :rolleyes:
Oh ok so profit is lower now for smrt. So smrt is not profitable . So raise fair is fair after all?
Don't flip flop again.
Another of your stupid idiotic statement! :tsk-tsk:
You say "profit is lower now for smrt", so how is that related to "so smrt is not profitable"?
You are telling us that smrt "profit lower" means "not profitable"? :tongue3:
No word can describe you extreme ultra stupidity! :rolleyes:
u tell me u are the one who say the profit are not real. so u tell me? :banghead::banghead::banghead::banghead:
Accounting is a wonderful tool. Remember Enron and Lehman Brothers?
Only those doing the balance sheet and financial statement themselves knows the truth.
thomastansb
22-11-13, 23:07
To them, everything is fake. If the economic data is good, it must be fake. If SMRT made a loss, it must be they cover up their profit. If SMRT made a profit, they should be condemn to hell because SMRT existence is to lose money and give back to the people. Their logic is wonderful.
So like wat teddy say he agree that smrt profits are actually even lower! Coz audit are faked n books are doctored so to show share holders they have made 120m profit?
To them, everything is fake. If the economic data is good, it must be fake. If SMRT made a loss, it must be they cover up their profit. If SMRT made a profit, they should be condemn to hell because SMRT existence is to lose money and give back to the people. Their logic is wonderful.
Har ?
did not read those that you have alleged over here lei
Ok, let say SMRT is a very kilat company
It is going to change the historical events in 2011 and 2012 ?
Stop beating around the bush!
You still haven't clarify your statement about why smrt "profit lower" means "not profitable"? :doh:
Profit not real? You are the one who say smrt profit is fake / doctored (not me)! Only an idiot will make such statement!
I only say the smrt net profit does not reflect real cash they are raking in and legal accounting gimmicks has been used such that Net profit looks much lower than net cash flow from operations. No where in my post I ever say smrt profit is fake / doctored because such statement can only come from idiot like you and stop putting words into my mouth or others (which forumers can see now that this is the kind of ruse unscrupulous like you will always use)! :tongue3:
u tell me u are the one who say the profit are not real. so u tell me? :banghead::banghead::banghead::banghead:
Another of your stupid idiotic statement! :tsk-tsk:
You say "profit is lower now for smrt", so how is that related to "so smrt is not profitable"?
You are telling us that smrt "profit lower" means "not profitable"? :tongue3:
No word can describe you extreme ultra stupidity! :rolleyes:
So like wat teddy say he agree that smrt profits are actually even lower! Coz audit are faked n books are doctored so to show share holders they have made 120m profit?
tis is not the point which teddy is trying to illustrate here.
there is no such thing as actual profits shd be tis n tat, it all depends on the policy of the coy.
I give u an eg.
coy A in spore has a related coy B in country X.
eg spore has a higher tax rate den in country X.
if coy A has significant biz transaction wif coy B, wat coy A could do is tat coy A could choose to sell at a very low selling $ to coy B so tat the bulk of the profits is earned in coy B. in tis way, the group (coy A n B) pay lower tax.
even if auditors exercises due diligence, there is nothing fraudulent which they can find fault wif coy A.
hence, there is no way for the auditors to claim tat the books r doctored or fake becos in the 1st place, it wasnt.
Stop beating around the bush!
You still haven't clarify your statement about why smrt "profit lower" means "not profitable"? :doh:
Profit not real? You are the one who say smrt profit is fake / doctored (not me)! Only an idiot will make such statement!
I only say the smrt net profit does not reflect real cash they are raking in and legal accounting gimmicks has been used such that Net profit looks much lower than net cash flow from operations. No where in my post I ever say smrt profit is fake / doctored because such statement can only come from idiot like you and stop putting words into my mouth or others (which forumers can see now that this is the kind of ruse unscrupulous like you will always use)! :tongue3:
Beat ard the bush? I m trying to understand ur statement u are the one who day profits are not real. So u tell me? Stop flip floping ard. One moment say profit too much next moment sat profit are not real. Wat u trying to run circles ard?.
Want to smoke out now want to wiggle out ?
Why don't you just be nice and join the Government sector to improve our life instead of complaining? Make a difference instead of nagging and whining. It is not going to help.
Who do you think was able to change China in the end?
Sun or Kang?
I'm not saying Sun ways are correct, but one thing I'm quite sure is that reformation from within has an even lower success rate.
tis is not the point which teddy is trying to illustrate here.
there is no such thing as actual profits shd be tis n tat, it all depends on the policy of the coy.
I give u an eg.
coy A in spore has a related coy B in country X.
eg spore has a higher tax rate den in country X.
if coy A has significant biz transaction wif coy B, wat coy A could do is tat coy A could choose to sell at a very low selling $ to coy B so tat the bulk of the profits is earned in coy B. in tis way, the group (coy A n B) pay lower tax.
even if auditors exercises due diligence, there is nothing fraudulent which they can find fault wif coy A.
hence, there is no way for the auditors to claim tat the books r doctored or fake becos in the 1st place, it wasnt.
Aiyah I understand how profit n liabilities are move ard in the book. It's part of accounting. There is nothing fradulent abt it as long it's accounted for. The stupid teddy keep runing ard the bush. One moment say audit no use next moment say smrt has too much profit. Next say profit are manipulated. So Wats his stand?
It's just a cinfuesd bear running ard crying foul without no real reasons. Just want to kpkb that's all.
To them, everything is fake. If the economic data is good, it must be fake. If SMRT made a loss, it must be they cover up their profit. If SMRT made a profit, they should be condemn to hell because SMRT existence is to lose money and give back to the people. Their logic is wonderful.
Aiyah. Talk is very cheap . Blame is so very easy to dole out. Always complain but nothing constructive that move forward. Just keep pressing it's other people fault button.
It's a sickness we are seeing in our society today. If the next generation is brought like this it's a worrying trend.
Aiyah I understand how profit n liabilities are move ard in the book. It's part of accounting. There is nothing fradulent abt it as long it's accounted for. The stupid teddy keep runing ard the bush. One moment say audit no use next moment say smrt has too much profit. Next say profit are manipulated. So Wats his stand?
It's just a cinfuesd bear running ard crying foul without no real reasons. Just want to kpkb that's all.
no wor, I oso feel tat audit is of no use :p
waste coy $ n waste everyone's time.
since coy can change its accounting treatment as long as they disclose it, profits r indeed manipulatable wat.
Aiyah. Talk is very cheap . Blame is so very easy to dole out. Always complain but nothing constructive that move forward. Just keep pressing it's other people fault button.
It's a sickness we are seeing in our society today. If the next generation is brought like this it's a worrying trend.
Bro, u should be glad... If everyone on the ball, smart, etc....
How to climb up??? Everything is relativity....
If u have S$10mil, are u rich??? But what if everyone has S$20mil and above and u have S$10mil... It means u are poor.... Hahahahahah
Just like why Singapore doing better than neighboring countries??? If they all can speak English well, no corruption, good infra, we will :doh::doh::doh:
Bro, u should be glad... If everyone on the ball, smart, etc....
How to climb up??? Everything is relativity....
If u have S$10mil, are u rich??? But what if everyone has S$20mil and above and u have S$10mil... It means u are poor.... Hahahahahah
Just like why Singapore doing better than neighboring countries??? If they all can speak English well, no corruption, good infra, we will :doh::doh::doh:
confusing lei
got S$10mil is poor ?
Bro...less rich or not that rich la :D:)
Aiyah. Talk is very cheap . Blame is so very easy to dole out. Always complain but nothing constructive that move forward. Just keep pressing it's other people fault button.
It's a sickness we are seeing in our society today. If the next generation is brought like this it's a worrying trend.
It's a worrying trend if everyone like you accept status quo and pretend there is nothing wrong
It's a worrying trend if you continue to see more and more PMETs driving taxi
It's a worrying trend if you continue to ignore people who voiced out their frustrations due to incompetency and take them as complaints
the list goes on
PAP die hard supporters
continue to think there is nothing wrong with the trend
continue to think status quo
the 2011 poll result speaks volume
It's a worrying trend if everyone like you accept status quo and pretend there is nothing wrong
It's a worrying trend if you continue to see more and more PMETs driving taxi
It's a worrying trend if you continue to ignore people who voiced out their frustrations due to incompetency and take them as complaints
the list goes on
Bro, honest... Singapore is run like a Pte ltd...or Inc....
Sad but true... So we really need to take care of ourselves as the govt has stated we will never be a nanny state....
So we either accept it or move on.... Sad and hard truth:scared-5::scared-5:
Brudder, sometimes I feel so sad for all this people who cannot keep up with the times/trends....
Bro, honest... Singapore is run like a Pte ltd...or Inc....
Sad but true... So we really need to take care of ourselves as the govt has stated we will never be a nanny state....
So we either accept it or move on.... Sad and hard truth:scared-5::scared-5:
Brudder, sometimes I feel so sad for all this people who cannot keep up with the times/trends....
Yes agreed
very sad now
I think we have "lost that feeling"
Compassion
when I was very very young
used to sit with one of our very own founding father of Singapore (not lky la)
PAP die hard supporters
continue to think there is nothing wrong with the trend
continue to think status quo
the 2011 poll result speaks volume
There are no die hard supporters for pap. They only support pap because pap helps increase the value of their property.
But the problem is property prices does not always rise. The test will come when QE ends next year....
Till then, I see no need to waste time arguing over this. :D
There are no die hard supporters for pap. They only support pap because pap helps increase the value of their property.
But the problem is property prices does not always rise. The test will come when QE ends next year....
Till then, I see no need to waste time arguing over this. :D
Sifu
Yes Sir
hope to be one of the proud owner of marina south
in the near future then :)
Sad but true... So we really need to take care of ourselves as the govt has stated we will never be a nanny state....
we are a nanny state, but we will never be welfare state (as long as pap is still in power)
:D
There are no die hard supporters for pap. They only support pap because pap helps increase the value of their property.
But the problem is property prices does not always rise. The test will come when QE ends next year....
Till then, I see no need to waste time arguing over this. :D
price come up n down before ... i dont tink your statement is true
price come up n down before ... i dont tink your statement is true
onglai didi
that is precisely what sgbuyer is saying :D:D
read properly
one of my favourite song
Ong Lai Long :cheers1::cheers1::ashamed1:
price come up n down before ... i dont tink your statement is true
Yes, but the accelerator hasn't been pushed as hard as in recent years.
The 1998 recession during GCT times, Singapore still had a very strong manufacturing sector.
The worst thing is that the end of QE next year or year after coincides with the coming GE in 2016.
Currently, more than half the workforce in Singapore is foreigners, it remains to be seen what will happen to the local economy if a recession comes and some of them leave Singapore. What will happen to their credit cards, car and mortgages?
I think even the government doesn't know.
onglai didi
that is precisely what sgbuyer is saying :D:D
read properly
one of my favourite song
Ong Lai Long :cheers1::cheers1::ashamed1:
no leh, u misunderstood onglai xdd.
wat he meant is tat regardless of ppty up or down, ppl will still support pap hahaha :D
Yes, but the accelerator hasn't been pushed as hard as in recent years.
The 1998 recession during GCT times, Singapore still had a very strong manufacturing sector.
The worst thing is that the end of QE next year or year after coincides with the coming GE in 2016.
Currently, more than half the workforce in Singapore is foreigners, it remains to be seen what will happen to the local economy if a recession comes and some of them leave Singapore. What will happen to their credit cards, car and mortgages?
I think even the government doesn't know.
they noe la, tat' y they will try all means to prevent a ppty crash in sg again. cos crash means more heads will roll.
they noe la, tat' y they will try all means to prevent a ppty crash in sg again. cos crash means more heads will roll.
Right now, the majority of people (>95%) believe the govt is able to prevent a crash.
The higher the expectation, the greater the backlash if the result turns out to be different. Just like Palmer case.
In this world, not all things can be predicted by man. Only time will tell.
Right now, the majority of people (>95%) believe the govt is able to prevent a crash.
The higher the expectation, the greater the backlash if the result turns out to be different. Just like Palmer case.
In this world, not all things can be predicted by man. Only time will tell.
u seems to suggest to me tat u feel tat govt isnot able to handle a crash if it happens.
Right now, the majority of people (>95%) believe the govt is able to prevent a crash.
The higher the expectation, the greater the backlash if the result turns out to be different. Just like Palmer case.
In this world, not all things can be predicted by man. Only time will tell.
u seem to suggest to me tat u feel tat govt is not able to prevent a crash n handle it well if it happens.
Trying to beat around the bush and avoid our question?
You still haven't clarify your statement about why smrt "profit lower" means "not profitable"?
Is this a lie that such that you cannot clarify? :rolleyes:
Beat ard the bush? I m trying to understand ur statement u are the one who day profits are not real. So u tell me? Stop flip floping ard. One moment say profit too much next moment sat profit are not real. Wat u trying to run circles ard?.
Want to smoke out now want to wiggle out ?
Oh ok so profit is lower now for smrt. So smrt is not profitable . So raise fair is fair after all?
Don't flip flop again.
u seem to suggest to me tat u feel tat govt is not able to prevent a crash n handle it well if it happens.
Actually, I don't know, there're too many variables I can't predict. A week before someone wrecked the rain drop display at Changi, I was admiring it. At that time, could it ever occurred to me that something like this can happen?
http://www.youtube.com/watch?v=XstxZfjKhSc
No.
I guess most people have already forgotten that the SMRT's north-south line 30 years contract is nearing its re-tender date!
u seem to suggest to me tat u feel tat govt is not able to prevent a crash n handle it well if it happens.
Prevent, no. Minimize, yes.
The best doctor can never create an immortality pill.
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