Latest news with #CheeHongTat
CNA
2 days ago
- Business
- CNA
CNA938 Rewind - Is it time to lift the 15-month wait-out period for private home owners?
CNA938 Rewind Play National Development Minister Chee Hong Tat said recently that private property owners looking to buy a non-subsidised resale HDB flat may not need to wait till 2027 or 2028 for a review of the wait-out requirement. Andrea Heng and Hairianto Diman speak with Dr Lee Nai Jia, Head of Real Estate Intelligence at PropertyGuru, to find out if it's the right time to remove this temporary restriction.
Business Times
3 days ago
- Business
- Business Times
Bishan to get over 2 million sq ft of office space, new integrated development
[SINGAPORE] Plans to develop Bishan as a business node could add over 2 million square feet (sq ft) of new office space to the area, Minister for National Development Chee Hong Tat disclosed on Thursday (Jun 26). The fresh office space will be part of a new integrated development mapped out for Bishan, one of Singapore's more densely populated areas. The housing estate will also get new community amenities such as a polyclinic, a hawker centre and a revamped bus interchange with air-conditioned waiting areas. Works for these new developments will start within this term of government, and take several years, said Chee in a video shared on social media channels on Thursday morning. It follows the unveiling of the Draft Master Plan 2025 on Wednesday, which revealed the government's plans to grow decentralised office spots with the refresh of regional business nodes across the island. At around 200,000 square metres or 2.2 million sq ft, the office space will take up a rough equivalent of 28 football fields, and be of similar size to Suntec City's office space. It is also expected to be on the scale of Paya Lebar Central, a relatively new commercial precinct that now houses the Paya Lebar Quarter development, completed in 2018 to 2019. Market watchers had pointed to several plots of vacant land near the Bishan interchange and around the Junction 8 mall, suggesting that new developments could sit atop the interchange. Property developer Lendlease and the Abu Dhabi Investment Authority jointly acquired the Paya Lebar plot at a state tender in 2015 for S$1.67 billion, trumping the offers of five other bidders. The 3.9-hectare site was then developed into seven buildings: a retail mall, three office towers and three private residential blocks. Paya Lebar Quarter and Paya Lebar Square contain well over a million square feet of office space. Some government agencies are now looking at relocating their offices to Bishan, to kick-start the development of the business node, the Urban Redevelopment Authority said on Wednesday.
CNA
3 days ago
- Business
- CNA
Bishan to get 200,000 sq m of new office space, matching scale of Paya Lebar Central: Chee Hong Tat
SINGAPORE: Plans to develop Bishan into a new business hub could see the introduction of around 200,000 sq m of new office space to the area, said National Development Minister Chee Hong Tat on Thursday (Jun 26). This will match the scale of that in Paya Lebar Central, which currently includes office spaces spread out across the sprawling Paya Lebar Quarter mixed-use development and SingPost Centre. In a video posted on Facebook, Mr Chee also said that work on a new hawker centre integrated with a revamped bus interchange, and a polyclinic in Bishan town centre will start in this term of government and take several years to complete. Plans to refresh Bishan town centre were unveiled in the Urban Redevelopment Authority's (URA) Draft Master Plan 2025 on Wednesday. Redevelopment plans for the area are part of a "decentralisation strategy" to create economic areas beyond the city centre and bring jobs closer to homes. To kickstart the development of this new business hub, selected government agencies are exploring the feasibility of relocating their offices to Bishan town centre, URA has said. Other plans for the area include turning Bishan Place – located next to Junction 8 shopping centre and the bus interchange – into a pedestrian mall, and improved connectivity for residents, said Mr Chee, who is a Member of Parliament for Bishan-Toa Payoh GRC. For instance, residents will be able to cycle to upcoming recreational spaces such as those along the North-South Corridor and Kallang River via new cycling paths. There are also plans for a walking and cycling street along the developments in Bishan Road that will be connected to Bishan-Ang Mo Kio Park, he said. The draft master plan is a statutory land use plan that outlines Singapore's development priorities over the next 10 to 15 years. It is reviewed every five years. The latest edition also included plans for new neighbourhoods in areas such as Newton, Paterson, Dover-Medway along Dover Road, the former site of Singapore Racecourse in Kranji, as well as Paya Lebar Air Base and the Sembawang Shipyard area. Together with earlier announced housing developments in Bukit Timah Turf City and Mount Pleasant, at least 80,000 new public and private homes are expected to be built in more than 10 new neighbourhoods across Singapore over the next 10 to 15 years.
AsiaOne
3 days ago
- Business
- AsiaOne
URA Draft Master Plan: Developing Bishan as business node rivalling Paya Lebar Central being studied, Singapore News
Plans to develop Bishan into a business node like Paya Lebar Central are being studied under the Urban Redevelopment Authority (URA) Draft Master Plan (DMP) 2025. In a video posted to Facebook on Thursday(June 26), Minister for National Development and Bishan-Toa Payoh GRC MP Chee Hong Tat stated this will make it easier for to Bishan and Marymount residents to travel to work. "This means new office spaces (in Bishan) that could match the scale of Paya Lebar Central — around 200,000sq m — bringing workplaces closer to where you live," he said. Other projects for Bishan-Toa Payoh GRC under DMP 2025 include a new hawker centre, which will be integrated with the revamped Bishan bus interchange, as well as a Bishan Polyclinic. "Works for these new developments will start within this term, and will take several years to complete," said Chee. Moreover, completed cycling paths in Bishan Town Centre will allow easier access to upcoming recreational spaces like the North-South Corridor and Kallang River and a pedestrian mall linked to transport hubs and community facilities will be built at Bishan Place Road. An "active street" for residents to walk and cycle along Bishan Road to Bishan-Ang Mo Kio Park is also in the works, the minister said. He concluded the video by inviting residents of the GRC to visit the DMP 2025 exhibition when it is displayed at Toa Payoh HDB Hub from Aug 9 to 17. [[nid:719436]]
Yahoo
3 days ago
- Business
- Yahoo
Work on hawker centre, polyclinic in Bishan town centre to start in this term of govt: Chee Hong Tat
SINGAPORE - Work on the new hawker centre, polyclinic and revamped bus interchange in the Bishan town centre will start within the current term of government and take several years to complete, said National Development Minister Chee Hong Tat. About 200,000 sq m of new office space could also be built in the town centre, matching the scale of that in Paya Lebar Central, Mr Chee said in a Facebook post on June 26. The Government is studying plans to develop Bishan into a new business hub as part of the Urban Redevelopment Authority's (URA) 2025 draft masterplan, which was unveiled on June 25. Several government agencies are exploring the feasibility of relocating their offices to the area, to jump-start the development of this business district, URA said earlier. Plans are afoot to develop Bishan into a sub-regional centre. Such areas are business hubs, such as those in Paya Lebar and Serangoon, that bring jobs closer to homes. They are smaller than the regional centres in Woodlands, Jurong East and Tampines. Efforts to improve connectivity in Bishan will make it easier for residents to move around the town and access neighbouring facilities, said Mr Chee, an MP for Bishan-Toa Payoh GRC. For instance, cycling paths in the Bishan town centre will allow residents to cycle to upcoming recreational spaces such as those along the North-South Corridor and Kallang River. Bishan Place – the road behind Junction 8 shopping centre – will be transformed into a pedestrian mall and be linked to transport hubs and facilities, he added. There are also plans for a walking and cycling street along the developments in Bishan Road that will be connected to Bishan-Ang Mo Kio Park. These plans are on top of that for the Toa Payoh Integrated Development on the site of the former Toa Payoh Sport Centre in Lorong 6 Toa Payoh, which will be completed within this term of government, said Mr Chee. The integrated development will have an improved sports centre, an upgraded polyclinic, a bigger library and a rejuvenated town park. It will have sheltered linkways to the Toa Payoh MRT station and bus interchange. The Draft Master Plan 2025 includes plans to continue driving Singapore's economic growth by strengthening its economic gateways and business districts, rejuvenating key precincts and supporting innovation. The exhibition of the draft masterplan will be displayed at the HDB Hub in Toa Payoh from Aug 9 to 17. Source: The Straits Times © SPH Media Limited. Permission required for reproduction Discover how to enjoy other premium articles here
