http://www.channelnewsasia.com/stori...174400/1/.html
Recently was thinking of selling one of our two freehold properties around South Buona Vista/Science Park area, when I was bullishly reminded of the above article, if implemented, would create a 30 storey underground massive Science City right below Science Park for 5000 people to live, work and play; not to mention the entire ecosystem of commercial activities that will develop around Fusionopolis, Mediapolis, Rochestor area, Science Park, NUH/Johns Hopkins and Biopolis area which will create a massive amount of rental demand in that region in time to come. And this is excluding the additional activities going right down the road around MapleTree Business City and ARC.
With this I am at crossroads - to sell or to hold (and after all our cost price is ard $700-750psf). I need to weigh out the options.
Does anyone know what is the outcome of the underground Science City initiative? The article stated that the evaluation results would be out in April 2012, but haven't heard anything so far...