Recent blog posts - Property Launches & Investments

Lui unveils plan for S$6.2b train-bus depot

Posted by Property Launch Invest on Wednesday, 27 August 2014 in Property News

Singapore is set to see more dramatic changes in its rail landscape with new developments in the pipeline. The world's first integrated bus and train depot will be built - estimated to cost a whopping S$6.2 billion - in an attempt to improve Singapore's increasingly congested transport system in the midst of land scarcity challenges.

The integrated depot, announced by Minister for Transport Lui Tuck Yew yesterday, will comprise a bus depot as well as a three-storey rail depot, with each storey housing trains serving a different line. The existing Changi depot will be relocated as the new depot will be able to house around 220 trains and park 550 buses when completed.

Business-leisure hub plans will boost home prices: Jurong

Posted by Property Launch Invest on Wednesday, 27 August 2014 in Property News

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.

Jurong Lake area to be new draw for developers

Posted by Property Launch Invest on Wednesday, 27 August 2014 in Property News

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.

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

Impact of Singapore's property cooling measures on sales and prices

Posted by Property Launch Invest on Friday, 22 August 2014 in Property News

Recent cooling measures have clipped the wings of the once-soaring private property market in Singapore.

Tough measures such as a total debt servicing framework, which restricts a borrower’s monthly debt repayments to at most 60 per cent of his gross monthly income, has driven some buyers to aim for smaller homes with cheaper total prices.

Here's a look at how private home sales and prices have changed with each round of curbs.

6 reasons Jurong will be a truly exciting place

Posted by Property Launch Invest on Tuesday, 19 August 2014 in Property News

Prime Minister Lee Hsien Loong on Sunday unveiled plans to transform Jurong into a more vibrant neighbourhood.

Here are 6 reasons Jurong, which used to be a swamp, will be an exciting place to live.

First phase of Jurong Lake Gardens to be ready by 2017:

Posted by Property Launch Invest on Tuesday, 19 August 2014 in Property News

The Jurong Lake Gardens will retain the heritage elements of the Chinese Garden and the Japanese Garden, but these will be refreshed as part of the overall development, says National Development Minister Khaw Boon Wan.

SINGAPORE: Residents in the city-state, particularly in Jurong, can look forward to enjoying the 70-hectare Jurong Lake Gardens "as early as 2017", said National Development Minister Khaw Boon Wan in a blogpost on Monday (Aug 18).

He wrote that heritage elements at the Chinese and Japanese Gardens will be retained, but refreshed as part of Jurong Lake Gardens. The Gardens will be developed in phases, with Jurong Lake Park being the first to be completed in 2017, and implementation plans will dovetail with the greater plans for Jurong Lake District.

Science Centre to still nurture 'spirit of inquiry, exploration and discovery'

Posted by Property Launch Invest on Tuesday, 19 August 2014 in Property News

A committee comprising a "diverse group of talented and passionate people" will be set up to plan the development of the "jewel" of Jurong, says Education Minister Heng Swee Keat.

SINGAPORE: The Ministry of Education and the Science Centre team are "eager to get to work" in re-imagining and developing the new Science Centre, which Prime Minister Lee Hsien Loong dubbed the "jewel" of Jurong during his National Day Rally speech, said Education Minister Heng Swee Keat.

In his Facebook post on Monday (Aug 18), Mr Heng wrote that the Science Centre is a "good place where generations of Singaporeans have been able to imagine, experience, discover and dream". It has played, and will continue to play, an important role of nurturing a "spirit of inquiry, exploration and discovery", he added.

New Jurong Lake Gardens part of Lakeside transformation plans

Posted by Property Launch Invest on Monday, 18 August 2014 in Property News

SINGAPORE - A new Jurong Lake Gardens will be created in western Singapore by combining the existing Japanese Garden, Chinese Garden and Jurong Lake Park, said Prime Minister Lee Hsien Loong.

The upcoming "people's garden" will also include a new Science Centre which will be completed around 2020.

These developments are about "making every corner of Singapore an outstanding living environment", he said as he sketched plans to transform the Jurong Lake District in his National Day Rally speech on Sunday night.