Daily Archives: August 22, 2022

Paya Lebar Airbase to make way for future town with 150,000 new homes

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When Paya Lebar Airbase moves out in the 2030s, it will certainly be redeveloped into a new town with around 150,000 brand-new homes, states Prime Minister Lee Hsien Loong, at the National Day Rally on Aug 21.
Read also: The next chapter in Paya Lebar’s growth

The moving of the airbase to Changi was introduced in the National Day Rally of 2013. Paya Lebar Airport formally opened up in 1955, and was Singapore’s initial commercial global airport prior to Changi Airport was developed. In 1981, Paya Lebar Airport was converted into an army airbase.

When it’s transferred, Artist’s perception of future community with main spinal column on the site of the Paya Lebar Airbase

The relocation of the airbase will certainly likewise mean a few of the structure elevation limitations around it can be lifted. This means, neighbouring towns such as Hougang, Marine Parade or Punggol can be redeveloped, with …

Frasers Property appoints Wong Ping as CIO of Frasers Property Capital

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Parc Riviera Details

Frasers Property has actually introduced the appointment of Wong Ping as primary investment police officer of Frasers Property Capital, a newly-formed corporate team feature that will concentrate on growing funding collaborations with lasting financiers throughout markets and also possession classes.

Chia highlights that a strong as well as varied resources base is needed to execute the group’s strategic top priorities. “Forming Frasers Property Capital currently to collaborate with straightened partners, as part of our broader possession as well as funding management strategy, is an all-natural evolution in our journey,” he says.
He adds that lasting strategic institutional investors will certainly value the team’s established realty platforms that are backed by experienced local groups in their particular markets.

Wong joined in July as well as is based in Singapore. She reports to group chief corporate officer Chia Khong Shoong. Ping has more than 25 years of experience in …