Tanah Merah MRT Viaduct May Be Converted Into an Elevated Green Corridor

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Tanah Merah MRT Viaduct May Be Converted Into an Elevated Green Corridor

Tanah Merah MRT viaduct may be turned into elevated green corridor

Currently, Tanah Merah MRT station has two platforms and three train tracks. The station’s name is derived from the local Malay language meaning “red earth”. The station is also the terminus of the Changi Airport branch line, which will eventually be converted into the Thomson-East Coast Line. During this phase, the Tanah Merah station will be refurbished to include a third platform. This will allow trains to travel from Tanah Merah to Pasir Ris and from Pasir Ris to Changi Airport.

The station is also undergoing enhancement works to accommodate the future transfer of trains to the Thomson-East Coast Line. These include a new platform for trains to Pasir Ris and an extra track. This will improve waiting times at the station. Also, the station’s code will be changed from “EW4” to “CG” in 2021. This will allow the station to be a terminus for the Thomson-East Coast Line and will be the first elevated MRT interchange in Singapore.

The idea of converting the viaduct into a green space isn’t a new one. Many other cities around the world have successfully converted decommissioned rail lines into green spaces. For instance, New York has the High Line, a 2.3km elevated public park that runs along a disused freight rail line. Other than reusing existing infrastructure, this project also has the potential to convert parts of the road below into car-free zones. The Land Transport Authority has been working with the National Parks Board to assess the feasibility of the plan.

In addition to repurposing the viaduct, the Land Transport Authority (LTA) has also been calling for tenders for improvements to the Changi region. The agency has also signed a memorandum of understanding with the Global Centre of Rail Excellence to build capabilities for train testing centres in Singapore and the United Kingdom. It’s hoped that this initiative will make Singapore one of the top train testing centres in the world. The plan also includes the construction of 3.5km of new cycling paths along Tanah Merah Coast Road.

According to the LTA, the simplest and most obvious is to convert the Tanah Merah MRT viaduct into an elevated green corridor. In fact, it’s the only way to do it. This is because the viaduct is too narrow to be utilized for other purposes. For example, a solar panel installation along the viaduct would need to be studied in order to determine whether or not it will adversely affect the nearby train operations. This is especially true if the new tracks are also used by regular EWL trains. However, it may be possible to build one or two storeys above the viaduct to create a space of its own.

The Land Transport Authority (LTA) will also be constructing a new MRT track that runs parallel to the old one. This will allow trains to travel from Tanah Miah station to Simei MRT station without having to transfer tracks. The new track will be part of the Thomson-East Coast Line extension, which will link Sungei Bedok station with Changi Airport. It is expected that this extension will be completed by 2024.

Four Junior Colleges to Be Rebuilt and Upgraded by 2025

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Four Junior Colleges to Be Rebuilt and Upgraded by 2025

URA to cut Anderson Serangoon JCs land area by a third as MOE considers building taller schools

The Government has revealed that four junior colleges are set to be rebuilt and upgraded by 2025. The first phase will begin in 2022 and involve the rebuilding of Jurong Pioneer JC, Anderson Serangoon JC and Yishun Innova JC.

Jurong Pioneer JC to be built at site of former Pioneer JC

The Jurong Pioneer JC (JPJC) will be redeveloped on the former site of Pioneer JC and will be closer to the Jurong Lake District. It will also be accessible via the Jurong Region MRT Line. The three existing JCs will be upgraded as well. According to Mr Ong, the new JCs will be equipped with digital technologies and modular seminar rooms.

Pioneer Junior College gained ground in 2004 with the opening ceremony officiated by the Acting Minister for Education. In 2005, Mr Kwek Hiok Chuang, the founding Principal of the PJC, stepped down and Mrs Tan-Kek Lee Yong took over. The Sirius Scholars’ Programme also opened doors for the Pioneers.

The government is planning to rebuild or upgrade four junior colleges in the next five years. The first phase of the revamping programme will take place in 2022. The second and third phases will include the rebuilding of Tampines Meridian JC and the Victoria JC. The plan also involves upgrading the government-aided JCs. The new colleges will cater for the needs of the future generation.

Jurong Innova JC to relocate to Woodlands

Jurong Innova JC is set to relocate to Woodlands as URA reduces Anderson Serangoon JC land area by one-third. The move to Woodlands will help students and families in the surrounding neighbourhoods to better access schools and public services. The new school will provide a more inclusive education for its students.

Jurong Innova JC, which is currently situated on Yishun Ring Road, will relocate to a new campus in Woodlands. The former Innova JC campus was set up in 2005. The new campus will be furnished and the new location will be closer to the Thomson-East Coast MRT line.

The project will affect six schools, including two primary schools and two secondary schools. It will also affect four junior colleges. According to the MOE, construction works for two of these schools will be delayed by one to two years. In the meantime, the existing three secondary schools will continue to operate at their current locations. However, the two new secondary schools will make necessary arrangements to make their campuses conducive to learning.

Inflation in singapore expected to be high in 2023

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Inflation in Singapore to Stay High in the Next Year

Inflation in Singapore will stay high next year even as pace of economic growth slows MAS

Singapore’s CPI inflation rate has increased significantly since the beginning of 2022. The CPI-All Items inflation rate was 7.5% y/y in August, up from 4.0% y/y in January 2022. The measure of Core Inflation, developed by the Monetary Authority of Singapore, has also increased to 5.1% y/y in August. In the next year, Core Inflation is forecast to remain at a moderately high level.

Core inflation

Core inflation in Singapore is likely to remain high in the first half of next year, although it is forecast to moderate slightly in the second half. As the pace of economic growth slows, cost pressures are expected to ease. In 2023, core and headline inflation are both expected to average 3.5 to 4.5 per cent.

This is despite recent data that shows that the pace of economic growth is slowing. Private economists are forecasting headline inflation of 5.3 per cent this year, a slight decrease from their March forecast. This is despite the fact that core inflation excluding private transport and accommodation costs is expected to remain high.

Headline inflation

Singapore’s headline inflation will likely stay high next year even as the pace of economic growth slows, a private economist has predicted. However, the MAS has downgraded its full-year growth forecast by one percentage point to 3.8 per cent, compared to its previous forecast of 4 per cent for next year. The economists have raised their projections for core inflation, which is the underlying cost of goods and services excluding private transport and accommodation, from 2.8% in August to 3.4% in 2022.

The tight labour market poses risks to overall inflation. It can lead to a wage-price spiral – a cycle where workers demand higher wages in order to keep up with higher prices. Singapore’s productivity growth remains positive, but the wage-price ratio must not fall below that level. The MAS expects Singapore’s headline inflation to remain high next year, but it will probably moderate a bit in the fourth quarter.

Cost of living

A Singapore government report on Thursday has downgraded its full-year economic growth forecast, with growth expected to slow to a three to four-per-cent range. It blamed weaker external demand and significant downside risks to the global economy for the lower-than-expected forecast. As a result, the pace of discretionary spending in the country will likely moderate. It is also likely that trade-related sectors will drag down growth.

The government’s fiscal support is aimed at helping vulnerable groups cope with the cost increases. Since February 2022, it has stepped up its intervention with cash grants and rebates on utility bills. However, the government is not intending to increase the economy’s economic stimulus, which could lead to inflationary pressures.

Wages

The pace of economic growth in Singapore is likely to slow down in the next year, but the pace of inflation will remain high. Imports will remain a major contributor to inflation, and a tight labour market will support firm wage increases. Businesses are also expected to hike prices to pass on costs to customers. In September, core inflation in Singapore rose to 5.3 per cent, up from 5.1 per cent in August. Meanwhile, the headline consumer price index rose by 7.5 per cent year-on-year.

Rising inflation is a major concern for policymakers in Singapore. The country’s central bank tightened its monetary policy in January, joining many central banks around the world in tightening monetary policy to fight rising prices. The conflict in Ukraine has increased pressure on prices, while global supply snags have weighed on prices in many countries. The Singapore government is prepared to respond to these external factors with monetary and fiscal measures.

Demand outlook

Inflation in Singapore is expected to stay high next year despite the slowdown in economic growth. Despite the global slowdown, wage increases are expected to continue to drive prices higher, and Singapore’s core inflation will remain above its historical average. As the labor market remains tight, the pace of wage increases is expected to remain strong, supporting high inflation rates. Nevertheless, the outlook for inflation remains uncertain.

A survey by S&P Global showed that the rate of input-cost inflation accelerated in September. Higher purchase costs and rising average staff costs were the main factors, with wages rising at the second-fastest pace since August 2011. The rate of wage growth was also boosted by commissions and overtime payouts.

Singapore Shophouse Rentals Extend Gains in Q3

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Singapore Shophouse Rentals Information

Singapore Shophouse rentals extend gains in Q3 as landlords price up on strong demand

Despite the Pandemic, property rental rates are still on the rise in Singapore, indicating that there is still strong demand. The rise in rents is driven in part by strong demand, and in part by cooling measures which are expected to be implemented in 2022.

Property market recovers after Pandemic

Despite a slow start to the year, the property market in Singapore is showing signs of recovery. One property launch saw demand for units so high that there were six rounds of price increases. Eventually, units were priced between $1,400 and $1,450 Singapore dollars per square foot. Among the top selling units were units at Pasir Ris 8, an iconic private condominium.

The government has taken measures to cool the market, but foreign buyers have yet to return, despite the new rules. The Monetary Authority of Singapore (MAS), the country’s central bank, has recently warned foreigners to be cautious. It has also imposed travel curbs that have made it more difficult for foreign investors to invest in Singapore real estate.

Rents increase on strong demand

Rents in Singapore have been increasing for more than a year. The rise is based on strong demand, which is mirrored in price increases. While the overall rise has been moderate, it has been higher than in other parts of the country. The highest median rents are found in Geylang and Punggol, which have experienced the largest year-on-year increases.

Rents are rising for many reasons, including the fact that more young Singaporeans are looking for their own space. Home-based learning and work situations have increased rental demand. Additionally, there are many young adults who live in multi-generational households, which can feel uncomfortable and crowded. These young professionals need a place where they can work comfortably. Another factor driving rents up is the housing market, which has been booming. Despite the increase in prices, many people are still not ready to purchase a condominium.

Cooling measures to be introduced in 2022

The Singapore rental market has seen a surge in demand over the past two years. The lack of available inventory is expected to continue the growth in the short to medium term. In the meantime, prime tenants are seeking quality units with larger floor plates in central locations. Covid lockdown rental deals, which were common during the last boom, are becoming a thing of the past. According to Alan Cheong, head of Savills Research and Consultancy Singapore, rents of non-landed luxury residential units in Singapore will increase by 20% year-on-year by 2022.

Prices for private residential units in Singapore extended gains in the third quarter, rising a healthy 8.6%, from 6.7% in the previous three months. The low supply and modest improvement in household income are both contributing to this gradual increase in prices. Annual home price growth in Singapore is predicted to slow down to 7% by 2023.

Growth of non-landed private homes

Singapore Shophouse rentals have extended gains in Q3 as landlords continue to price up on strong demand. This is in part due to strong demand from foreign homebuyers, who are willing to pay up to 30% ABSD premium for a unit. Meanwhile, locals are also moving into properties that were previously rented by expatriates. These locals are usually waiting for construction to finish on their new properties.

The recent bumper year for the shophouse market has seen the total volume of transactions jump to S$1.53 billion so far this year, compared with the previous year. The high for the year was S$1.46 billion and 145 transactions totalling S$913 million, according to data from CBRE’s analysis of URA Realis caveats. This year, sellers are also more willing to sell shophouses, with eightM Real Estate selling 61 Boat Quay for S$11.2 million and 17 Circular Road for S$10.7 million.

Rise in inflation

Inflationary pressures are spreading to the retail sector in Singapore. Core consumer prices rose 7.1% in the second quarter of 2007 and were still relatively low in the third quarter. This resulted in a rise in retail rents. According to property analysts, rental prices may not return to pre-pandemic levels until 2023. For example, Angelia Phua, the director of research and consultancy at JLL Singapore, estimates that the prime retail floor space rent in Singapore will rise 1.5 to 3.5 percent between 2018 and 2022.

The rise in rental prices is mainly due to higher demand. Inflation has increased in all sectors in Singapore in the past year, and it is expected to continue rising in the coming year. Moreover, food inflation is expected to reach 4.5 per cent in May 2022, up from 4.1 per cent in April.