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edvanlee
21-08-14, 11:20
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http://singnewhomes.com/transforming-jurong-lakeside-area-will-get-people-garden/

westman
22-08-14, 06:41
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http://singnewhomes.com/transforming-jurong-lakeside-area-will-get-people-garden/

Is this a adv for Ed Lee or something else?
Cheap trick if its a adv....

reporter2
25-08-14, 16:25
http://www.businesstimes.com.sg/archive/tuesday/premium/top-stories/jurong-lake-area-be-new-draw-developers-20140819

Published August 19, 2014

REACTIONS TO NATIONAL DAY RALLY

Jurong Lake area to be new draw for developers

Leisure elements, potential high-speed rail terminus to boost area's value

By Kalpana Rashiwala

[email protected] @KalpanaBT


[SINGAPORE] Developers are expected to take a keener interest in future state land tenders in Jurong Lake District - whether for residential, commercial or hotel projects.

The buzz created from efforts for greenery attractions in the area is expected to give a fillip to home values there.

Attention will be heightened further if a decision is made to house the future Kuala Lumpur-Singapore high-speed rail terminus in Jurong Gateway, said property consultants yesterday. They were giving their views on plans announced on Sunday night by Prime Minister Lee Hsien Loong to liven up Jurong Lake District.

"Going forward, the plans to realign Ayer Rajah Expressway, convert some of the old industrial estates to waterfront housing, etc, could greatly enhance the liveability of Jurong as it enjoys an image overhaul, thanks to all the leisure elements that the government will put in place," said Christine Li, research head at OrangeTee.

"Existing property owners can look forward to one of the most liveable housing estates in Singapore outside the central and fringe areas," she added.

CBRE' Singapore research head Desmond Sim too thought the changes will "remove the stigma of an industrial township that Jurong was originally planned for".

National Development Minister Khaw Boon Wan blogged yesterday: "Since 2008, Jurong has made steady progress to be our largest regional centre, outside of the city."

Jurong Lake Gardens, spanning over 70 hectares, will integrate the revitalised Jurong Lake Park (to be completed by 2017), as well as the Chinese and Japanese Gardens which are set to be spruced up, and not forgetting the new Science Centre, which will emerge next to the Chinese Garden MRT Station around 2020.

Giving her take on the announcements on residential property values, DTZ's regional head (SEA) research, Lee Lay Keng, said: "Even though the overall conditions in the residential property market remain tepid, the buzz created could provide a minor boost to existing projects and help support prices and transaction volumes in the area."

"In the longer term, the development of Jurong Lake Gardens will enhance the living environment for residents, similar to the Bishan-Ang Mo Kio Park, and increase interest in the area," she added.

The plans are expected to fuel developers' interest in a 99-year private housing site just above Jurong Lake - between The Lakeshore and Lakeville condos - that will be launched in December through the confirmed list of the Government Land Sales Programme. Said CBRE's Mr Sim: "While the number of bids is expected to be high..bid prices are expected to be dampened by current market sentiment and confidence."

Ms Li of OrangeTee expects development sites for residential, commercial as well as integrated uses (eg office, retail and residential elements) to whet developers' appetite - if they are released over the next year or two. "Hotel sites are also likely to be released once the terminus of the high-speed rail is confirmed," she added.

Mr Sim added that should the terminus be located in Jurong Gateway, it could further boost the currently nascent office market in the area, he added. "The inclusion of the high-speed rail terminus will be the final jigsaw piece to cement Jurong Regional Centre as a unique lakeside destination for business and leisure."

JLL's head of research, SE Asia, Chua Yang Liang, said the realignment of the AYE will generate the opportunity to develop "more lakefront homes for the masses". "Beyond the current slowdown in the residential market, the opportunity would be much sought after by developers in future...We can expect the regenerative efforts by the state to be capitalised into higher real estate values in the long term."

reporter2
25-08-14, 16:41
http://www.straitstimes.com/archive/tuesday/premium/top-the-news/story/business-leisure-hub-plans-will-boost-home-prices-experts-20140819

NATIONAL DAY RALLY

Business-leisure hub plans will boost home prices: Experts

Published on Aug 19, 2014 1:29 AM

By Rennie Whang


AMBITIOUS new plans to make Jurong a business and leisure centre will likely boost home prices, property consultants told The Straits Times yesterday.

Optimism about the area was lifted with the Sunday announcement that a new Jurong Lake Gardens will be developed in conjunction with other projects already under way nearby.

A Science Centre will also be built and there is also a possibility that the terminal for the Singapore-Kuala Lumpur High Speed Rail will be in Jurong.

The new plans underscore Jurong's development as the largest commercial hub outside the Central Business District (CBD), which has been going on apace for some years.

"It's going to be an all-encompassing township where a person can work for a multinational corporation two MRT stations from his doorstep, get home in less than 10 minutes and enjoy the leisure lifestyle by the lake," said PropNex chief executive Mohamed Ismail Gafoor.

Housing Board flats in the area may command a premium of about 20 per cent once plans for the district materialise, he added.

That is similar to the premium paid in estates like Bishan with its major park and schools, and Queenstown, which is close to the CBD.

Jurong rents could be pushed up by about 20 per cent over the next three years, partly because the Ng Teng Fong General Hospital is due to open in the middle of next year. That, in turn, should boost housing values.

Lakeside, which along with Jurong Gateway forms the Jurong Lake District, has become a "significantly private residential" area, said R'ST Research director Ong Kah Seng.

Most of the newly completed 99-year leasehold condominiums are priced about $1,000 per sq ft (psf), with more recent launches like Lakeville in May at about $1,300 psf.

But the key game-changer is the possibility of the rail terminal.

"This would put it above other regional centres in Singapore. Tampines is near the airport, but that's not as direct as having a terminus regionally linking a capital city to another," said Dr Chua Yang Liang, Jones Lang LaSalle's head of research for Singapore and South-east Asia.

Singapore Business Federation chief operating officer Victor Tay added: "The longer-term prospect that the rail will cut across more than 10 Asean countries, linking to Guangxi in China, presents immense trade potential for businesses.

"Many will look to Jurong as a strategic gateway to Asean and China."

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reporter2
25-08-14, 16:42
http://www.straitstimes.com/archive/tuesday/premium/top-the-news/story/jurong-makeover-will-breathe-new-life-estate-20140819

NATIONAL DAY RALLY

Jurong makeover 'will breathe new life into estate'

Residents cheer plans, but are disappointed over delay of hospital opening

Published on Aug 19, 2014 1:29 AM

By Danson Cheong, Lester Hio And Tjoa Shze Hui


LAKE gardens in the heartland, a new science centre and maybe even Singapore's first high-speed rail station.

Jurong, the gritty industrial hub of the country, is transforming into a jewel in the west, and residents and workers in the area are cheering the prospect.

Almost all 24 Jurong residents and business owners The Straits Times spoke to said the changes would breathe new life into an old estate, though a few expressed disappointment that a planned hospital will open six months later than originally scheduled.

That aside, new plans for the Jurong Lake District include a new Science Centre, a possible terminus for the Singapore-Malaysia high-speed rail network, and an expanded park that will combine the decades-old Chinese and Japanese gardens, and the Jurong Lake Park, Prime Minister Lee Hsien Loong announced on Sunday in his National Day Rally speech.

Taxi driver Patrick Ong, 54, told The Straits Times yesterday: "The upgrade will be good, it will give Jurong a younger feel."

Together, the Jurong East and Jurong West Housing Board estates are home to 358,000 residents. The Jurong constituency spans more than 12 sq km.

One retiree, who wanted to be known only as Mrs Cheong, is looking forward to the new 70ha Jurong Lake Gardens. "The gardens are a national treasure and so beautiful, but so few people come here. It's such a waste," said the 62-year-old.

The new gardens will be completed by 2017, said National Development Minister Khaw Boon Wan in his blog yesterday.

Long-time fans of the Science Centre were also excited to find out it will have a new home, on the north of the lake just beside the Chinese Garden MRT station.

Madam Prabavathi Natarajan, 34, started taking her son to the science centre when he was still in a stroller. Now he is six and "knows about motors, electromagnets and things like that", said the housewife, who lives in Jurong Town Hall Road.

She plans to take him and her older son to the new centre even more often.

Over the years, 29.5 million students have visited the Science Centre, which was built in 1977.

The new centre, the "jewel" of the district, said Mr Lee, will be integrated with the lake gardens.

Others were happy that there might soon be one more way to travel to Malaysia. The terminus of the Singapore-Kuala Lumpur high-speed rail link - slated to be completed by 2020 - may be located in Jurong.

It would make life easier for people like Malaysian Sha Chia. The 38-year-old retail associate, who lives in Johor Baru, takes a bus to Woodlands and then the MRT to get to work at a Jurong shopping mall.

"If there is a train, it will be very convenient for me," he said.

Businesses said they were looking forward to increased traffic.

"The new developments will only make the area more exciting," said Mr Tan Jian Da, 26, a deputy assistant outlet manager at Sync restaurant in Westgate mall.

On another note, three of the 24 interviewed were disappointed that the new Ng Teng Fong General Hospital will not be ready this year, because of a shortage of manpower and delay in getting construction parts from Thailand.

"When my son had food poisoning a year ago, we had to rush him to the National University Hospital (in Kent Ridge)," said Mr Lim Swee King, who lives at the Park Vista condominium in Lakeside.

And there were those worried they would be left behind as Jurong modernises and moves ahead.

Mr Tay Lye Whad, 60, who has been running the Bao Sheng Minimart in Jurong Street 13 for more than 30 years, said business has been flagging for more than a decade. "Nowadays people stop and shop at the shopping malls like Jem," he said. "It's hard for shops like us to stay open."

The shops beside his store are shuttered and empty.

"Business was so much better last time. The Government should do something to help old businesses like mine," he said.

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