Scion Turbocharged June 17, 2014 Share June 17, 2014 now you know why they want to shift the airbase..... the land probably worths tens of billions develop and develop and develop............................... SINGAPORE: A commercial site along Paya Lebar Road that is expected to be launched for sale later this year could set the tone for the development of the Paya Lebar regional centre. That is according to some property analysts, who also say that any developer keen on the site may have to cough up more than a billion dollars, just in land cost alone. In October, the Government is expected to release a 4-hectare commercial site next to the MRT station for sale. Some analysts estimate that the potential "Grade A" development could offer about one million square feet of net lettable space, with office space taking up about 50 to 60 per cent. About 440 residential units can also be built there. However, the site will not come cheap. "The land cost alone will be S$1 billion or even more, and that increases the risk to any single developer who wants to take a bite of this," said Mr Alan Cheong, Senior Director of Research & Consultancy for Savills Singapore. He believes that developers will come in as a consortium for this particular site. "This project itself, with more than 130,000 sq metres of gross floor area commercial space, together with Paya Lebar Central, will set a tone for this area," he added. "There is no character right now for Paya Lebar." Once a sleepy industrial estate, Paya Lebar was earmarked for development as a commercial hub outside the city centre under the 2008 Masterplan, as part of the government's decentralisation strategy. But some property-watchers say that the area -- with its mix of workshops and industrial premises -- seems to lack a core focus right now, compared to regional centres in Jurong and Tampines., and believe more can be done to attract more companies to locate here. Said Century 21 CEO Ku Swee Yong: "SingPost is obviously not sufficient now to bring in a lot more demand for office space, or fill up the industrial B1 space in the Paya Lebar area. But if, for example, we have a Government ministry that is willing to relocate there with about 70,000 sq ft of space - that could be a trigger, a catalyst that would bring other SMEs and service-providers to Paya Lebar Regional Centre." According to Savill, the average office rental rate at Paya Lebar is currently around $6.50 per square foot per month, compared to S$5.50 in Tampines, and S$7 to S$8 for some of the newer commercial projects in Jurong. Analysts add that Paya Lebar could potentially appeal to firms in the IT, telecom and multimedia industries. - CNA/xy ↡ Advertisement Link to post Share on other sites More sharing options...
Mockngbrd Supersonic June 17, 2014 Share June 17, 2014 PAP wan shui wan shui wan wan shui... suck everybody dry! huat ah! 1 Link to post Share on other sites More sharing options...
Ktglfc Hypersonic June 17, 2014 Share June 17, 2014 Who's the ultimate winner? Garmen lah Coffers for nation building getting bigger. The only thing that goes up is land cost :) Anyway, that land is so near to MRT, will liven up the place if some developers come in, for residential and office. Link to post Share on other sites More sharing options...
Wyfitms Twincharged June 17, 2014 Share June 17, 2014 wow now paya lebar will be another CBD! land price already $1,000 psf !! LOL Link to post Share on other sites More sharing options...
Scion Turbocharged June 17, 2014 Author Share June 17, 2014 defense not the priority liao? can close down all the army camps, and sell sungei gedong to private developers for another 100 billion huat ah! Link to post Share on other sites More sharing options...
Hydrocarbon Turbocharged June 17, 2014 Share June 17, 2014 Who's the ultimate winner? Garmen lah Coffers for nation building getting bigger. The only thing that goes up is land cost :) Anyway, that land is so near to MRT, will liven up the place if some developers come in, for residential and office. No la, not garmen la... You don't know that the government very good? Provide Pioneer package for senior citizens, 8 billion leh! All tacked onto this year's budget.. But spend over the course of the next few years... Hahaha.. Ultimate winner is not government lah, mai ani cynical... HAHAHHAHAHA .. =D Link to post Share on other sites More sharing options...
Wt_know Supersonic June 17, 2014 Share June 17, 2014 (edited) ok ... here is the million dollar quest got ang pao in the coming national day bo? Edited June 17, 2014 by Wt_know Link to post Share on other sites More sharing options...
frenchfly 5th Gear June 17, 2014 Share June 17, 2014 ok ... here is the million dollar quest got ang pao in the coming national day bo? Got, confirm plus chop. It comes in the form of gst but u give not take 3 Link to post Share on other sites More sharing options...
ChickenMob 6th Gear June 17, 2014 Share June 17, 2014 damn, now I staying near there means I will be forced to leave soon coz I hinder the money making projects??? Link to post Share on other sites More sharing options...
Toothiewabbit Supersonic June 17, 2014 Share June 17, 2014 [bounce2] [laugh] . Link to post Share on other sites More sharing options...
Watwheels Supersonic June 17, 2014 Share June 17, 2014 Singapore are mostly small & medium enterprise. Those vulture developers keep driving up property prices, end up who buy? Those gong gong ones think who is good investment will try but end up nobody will want to lease becoz of high rental. Around the paya lebar area already have lots of empty commercial units sitting around or should I call them white elephants. Gahment will make money as usual from the land sale. Huat ah. Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged June 17, 2014 Share June 17, 2014 Who's the ultimate winner? Garmen lah Coffers for nation building getting bigger. The only thing that goes up is land cost :) Anyway, that land is so near to MRT, will liven up the place if some developers come in, for residential and office. they win and we win is a win-win situation. But everytime they win and we win crumbs under the table one... 1 Link to post Share on other sites More sharing options...
Mcf777 Turbocharged June 17, 2014 Share June 17, 2014 chenghu thinking of ways to replenish the CPF fund for netizen. Link to post Share on other sites More sharing options...
Myxilplix Turbocharged June 17, 2014 Share June 17, 2014 Sell lah sell lah, sell the whole bloody country better. 1 Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged June 17, 2014 Share June 17, 2014 Singapore are mostly small & medium enterprise. Those vulture developers keep driving up property prices, end up who buy? Those gong gong ones think who is good investment will try but end up nobody will want to lease becoz of high rental. Around the paya lebar area already have lots of empty commercial units sitting around or should I call them white elephants. Gahment will make money as usual from the land sale. Huat ah. that is the crux of Sgp problem. Landlords are gobt related/linked, left pocket right pocket and in-pocket. Oligopoly that dictates the prices and those ppl sit up there steady and every year meet KPI and Huat ah !! You can see the "innovative" ideas simply by looking at how our telcos try to increase their revenue one. Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic June 17, 2014 Share June 17, 2014 good they should have did this long time ago, for what build airbase there? defense? from changi airbase to city only take 1 minute to reach. Free up the land build more HDB for the needy young couples. Lets support them in 2016! Link to post Share on other sites More sharing options...
Scion Turbocharged June 17, 2014 Author Share June 17, 2014 by the time PLAB shifts, it will be 2020+ loh now already got abundance supply of flats so don't bet against that Paya Lebar is being freed up for 6.9m or more population good they should have did this long time ago, for what build airbase there? defense? from changi airbase to city only take 1 minute to reach. Free up the land build more HDB for the needy young couples. Lets support them in 2016! 2 Link to post Share on other sites More sharing options...
Donut Supercharged June 17, 2014 Share June 17, 2014 Singapore are mostly small & medium enterprise. Those vulture developers keep driving up property prices, end up who buy? Those gong gong ones think who is good investment will try but end up nobody will want to lease becoz of high rental. Around the paya lebar area already have lots of empty commercial units sitting around or should I call them white elephants. Gahment will make money as usual from the land sale. Huat ah. recently i went to Oxley Bizhub to get something from a company. KNN, 95% empty units!!!! and alot of selling/rental agents posters pasted on glass doors. ↡ Advertisement Link to post Share on other sites More sharing options...
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