{"id":95473,"date":"2018-08-06T09:59:23","date_gmt":"2018-08-06T02:59:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/building-ahead-of-demand-a-key-to-singapores-success-khaw\/"},"modified":"2018-08-06T10:02:48","modified_gmt":"2018-08-06T03:02:48","slug":"building-ahead-of-demand-a-key-to-singapores-success-khaw","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/building-ahead-of-demand-a-key-to-singapores-success-khaw\/","title":{"rendered":"Building ahead of demand a key to Singapore\u2019s success: Khaw"},"content":{"rendered":"


\nArtist\u2019s impression of Jewel Changi Airport.
\nTransport Minister Khaw Boon Wan said building ahead of demand has been one of the factors for Singapore\u2019s economic success, with the city-state applying this principle in aviation, industrial and maritime development, reported TODAYonline.
\n\u201cFor global business, if you don\u2019t have the capacity to serve, you lose business to your competitors. It\u2019s as simple as that,\u201d he said at the official opening of Changi Airport Terminal 4 last Friday (3 Aug).
\nSearch for properties for sale near Changi Airport.
\nHowever, he noted that building ahead of demand requires \u201csound judgment\u201d and not simply \u201cbuild and they will come\u201d. The aviation industry, for instance, is subject to various disruptions such that following \u201cstraight line projections may end up in tears\u201d.
\n\u201cWe must be sensitive to potential disruptions and be ready to make strategic changes promptly when warranted,\u201d noted Khaw.
\nHe cited Changi Airport Group (CAG) chairman Liew Mun Leong\u2019s internal memo to his colleagues in 2017 following the soft opening of T4.
\nIn the memo, Liew shared that when Changi Airport opened in July 1981, it was handling only about eight million passengers. Nonetheless, a masterplan was drafted for the airport to cater for the maximum demand of 30 million passengers per annum (mppa), despite receiving \u201csevere scepticism from senior economists\u201d.
\n\u201cWe were proven right,\u201d wrote Liew in the memo, a copy of which was sent to Khaw. \u201cIndeed Changi Airport hit that maximum plan of 30 mppa as early as 2004, much sooner than expected. And recently on 18 December 2017, Changi hit 60 mppa.\u201d
\nTo date, Khaw revealed that Terminal 2 is being expanded, while plans to build Terminal 5 are on-going.
\nHe added that T5 is not just another terminal building but is set to become Singapore\u2019s second airport.
\n\u201cTo manage the risk of disruptions, we are designing T5 in scalable modules and to build them in phases,\u201d he said. \u201cThis is a practical approach to avoid over-investment and being caught wrong-footed, should our projections turn awry.\u201d
\nInterested in buying property in Changi? Check out our\u00a0step-by-step guide to buying a condo.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Building ahead of demand a key to Singapore\u2019s success: Khaw<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of Jewel Changi Airport. Transport Minister Khaw Boon Wan said building ahead of...<\/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-95473","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-oPT","jetpack-related-posts":[{"id":164017,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-chocolate-fix-dessert-chocolatier-announces-pop-up-store-at-singapores-changi-airport\/","url_meta":{"origin":95473,"position":0},"title":"Dubai Chocolate: Fix Dessert Chocolatier announces pop-up store at Singapore\u2019s Changi Airport","date":"November 5, 2025","format":false,"excerpt":"\r From November 3 to January 30, FIX chocolates will be available to passengers passing through Terminal 1 The post Dubai Chocolate: Fix Dessert Chocolatier announces pop-up store at Singapore\u2019s Changi Airport appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More.\r \r Source\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/11\/Dubai-FIX-Singapore-Changi-Airport-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":122117,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-transport-system-must-be-reliable-resilient-ready-for-the-future\/","url_meta":{"origin":95473,"position":1},"title":"Singapore's transport system must be reliable, resilient, ready for the future","date":"September 21, 2021","format":false,"excerpt":"\r Minister for Transport S Iswaran also lauded how Singapore\u2019s land, sea, and air transport workers have endured throughout the pandemic. 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