{"id":63882,"date":"2017-08-17T09:51:43","date_gmt":"2017-08-17T02:51:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-major-projects-to-rise-in-spore\/"},"modified":"2017-08-17T09:54:47","modified_gmt":"2017-08-17T02:54:47","slug":"more-major-projects-to-rise-in-spore","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-major-projects-to-rise-in-spore\/","title":{"rendered":"More major projects to rise in S\u2019pore"},"content":{"rendered":"


\n\u00a0
\nSingapore may appear significantly developed, but the government still plans to build several large-scale infrastructure projects in the next 10 years to further strengthen the economy, reported the Straits Times.
\n\u201cSingapore may be a little red dot, very small; some of you may have the impression that we are already very built-up. But, in fact, we are not done building Singapore yet. We have not reached our physical limits,\u201d said Minister for National Development Lawrence Wong.
\nSEE ALSO:\u00a0Singapore\u2019s first retirement community nears completion
\nHe told this to an audience of about 600 people from more than 40 nations attending the Singapore Regional Business Forum at the Ritz-Carlton.
\n\u201cThe infrastructure that we\u2019re putting in will include several major pieces. For example, we will be building a new Terminal 5 that will double everything that you see in Changi Airport today.\u201d
\nBesides constructing a new Tuas mega-port in Singapore\u2019s western part that will double the capacity of existing sea ports, there are also plans to enhance the city-state\u2019s linkages with the region, including the rail connection with Malaysia.
\n\u201cThere is a lot of work for us to do, but we must have confidence that we can make it happen. If you look at our history in Singapore, we have never failed in restructuring our economy before,\u201d he noted.
\nMeanwhile, Wong revealed that the government fully supports Beijing\u2019s Belt and Road Initiative (BRI) given that Singapore firms are \u201cnatural partners\u201d for Chinese businesses thinking of expanding into the ASEAN region.
\nNotably, the main topic of this year\u2019s forum is the opportunities arising from the BRI. However, a study commissioned by the event organiser, the Singapore Business Federation, shows that there is a cloud of uncertainty over this ambitious project.
\nIn fact, 45.3 percent of the 77 ASEAN business leaders surveyed in June said their firm \u201cis unclear about what the opportunity might be at this point\u201d.
\n\u201cThe lack of detail and vagueness is a challenge for companies who are interested in investing and want to evaluate the opportunities presented by the BRI,\u201d added the Economist Corporate Network in a report.
\n\u00a0
\nThis article was edited by Denise Djong.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…More major projects to rise in S\u2019pore<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 Singapore may appear significantly developed, but the government still plans to build several large-scale...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-63882","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-gCm","jetpack-related-posts":[{"id":11954,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guess-which-country-is-most-appealing-for-infrastructure-investment\/","url_meta":{"origin":63882,"position":0},"title":"Guess which country is most appealing for infrastructure investment","date":"May 4, 2016","format":false,"excerpt":"\r Two Southeast Asian nations made the global top 10 Singapore (Image credit: Insidermonkey.com) Singapore has retained its position as the world\u2019s most attractive market for infrastructure investment, according to the third edition of the\u00a0Global Infrastructure Investment Index, published by global design and consultancy firm Arcadis. The city-state ranked highly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108803,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-to-have-one-of-the-worlds-smallest-infrastructure-gap-by-2040\/","url_meta":{"origin":63882,"position":1},"title":"Singapore to have one of the world\u2019s smallest infrastructure gap by 2040","date":"July 8, 2019","format":false,"excerpt":"\r With the government expected to invest US$87.8 billion from 2018 to 2040, Singapore is set to have one of the world\u2019s smallest infrastructure gap at US$400 million (S$544.3 million) in 2040, according to\u00a0the Association of Chartered Certified Accountants (ACCA). \u201cSingapore is a top performer when it comes to good\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22584,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/4-reasons-why-indonesians-invest-in-singapore\/","url_meta":{"origin":63882,"position":2},"title":"4 reasons why Indonesians invest in Singapore","date":"August 11, 2016","format":false,"excerpt":"\r Many buyers of the Cairnhill Nine development in the Orchard area are Indonesians. (Photo: CapitaLand) Wealthy Indonesians have long had an interest in collecting residential properties in Singapore. In 2014, Indonesia accounted for 24 percent of Singapore\u2019s property purchases, and while foreign investments in general slowed last year, including\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22506,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-reasons-why-indonesians-invest-in-singapore\/","url_meta":{"origin":63882,"position":3},"title":"Four reasons why Indonesians invest in Singapore","date":"August 10, 2016","format":false,"excerpt":"\r Singapore has long been popular with Indonesian investors. Robertson Blue Condominium along Singapore River. Image credit: commons.wikimedia Wealthy Indonesians have long had an interest in collecting real estate in neighboring Singapore. In 2014, Indonesia accounted for 24 percent of Singapore\u2019s property purchases, and while foreign investments in general slowed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40069,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-construction-activity-expected-to-rise-by-billions-in-2017\/","url_meta":{"origin":63882,"position":4},"title":"Singapore construction activity expected to rise by billions in 2017","date":"January 9, 2017","format":false,"excerpt":"\r The total value of construction contracts to be awarded this year could hit a high of SGD35 billion Construction site of a modern skyscraper in Singapore The Building and Construction Authority (BCA) expects the total value of construction contracts to be awarded this year to hit between SGD28 billion\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113501,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/construction-demand-in-singapore-to-remain-strong-in-2020-bca\/","url_meta":{"origin":63882,"position":5},"title":"Construction demand in Singapore to remain strong in 2020: BCA","date":"January 9, 2020","format":false,"excerpt":"\r BCA also expects the construction demand to be steady during the medium term. Demand is seen to reach $35 billion by 2024. Last year\u2019s total construction demand expanded by 9.5% to reach S$33.4 billion, about S$1.4 billion higher than the upper bound of BCA\u2019s 2019 forecast of S$27 billion\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/63882"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=63882"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/63882\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=63882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=63882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=63882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}