The Land Transport Authority (LTA) said in a news release on Tuesday (Nov 25). that they will expand Sengkang and Tampines Bus Interchanges to support the Bus Service Enhancement Programme (BSEP).
What is the Bus Service Enhancement Programme (BSEP)? Starting from 2012, the Government has partnered the bus operators to significantly increase bus capacity and enhance bus service levels to benefit commuters. Under the BSEP, about 40 new services will be introduced and 800 buses will be added to the existing bus fleet. Commuters will stand to benefit from the progressive rollout of the new bus services and service level enhancements over the next five years.
Parking bays for 12 buses will be added to each of the bus interchanges. The expansions will include passenger boarding and alighting facilities, a concourse area, offices, a staff lounge, and a canteen.
The extension to Sengkang Bus Interchange will be built along Compassvale Road and linked to the existing Sengkang Integrated Transport Hub via an existing covered linkway. The expansion is scheduled to be completed in the third quarter of 2015.
The extension to Tampines Bus Interchange will be built along Tampines Concourse. A new covered linkway to the new expansion will also be built. Expansion works are scheduled to be completed in the fourth quarter of 2015.
Source – CNA
National servicemen and their families living in the north-eastern part of Singapore can soon look forward to a new SAFRA club house in Punggol.
To be completed in early 2016, the facility will be the first to be built along a waterway, and will house Singapore’s first indoor water playground, Kidz Amaze.
The five-storey SAFRA Punggol will also house the largest NutureStars childcare centre in Singapore, and more than 10 F&B outlets – the most among all SAFRA clubs.
Guest-of-honour Deputy Prime Minister Teo Chee Hean noted that the development of SAFRA Punggol is part of the Government’s efforts to recognise NSmen (Operationally Ready National Servicemen) and their families for their contributions to national defence.
“Punggol is a growing new town, with some 150,000 residents by next year. Among them will be many NSmen and many young families. We want to serve our NSmen and the needs of their families.Having the SAFRA clubhouse here in the newest of our heartlands will be a constant reminder of what our NSmen are defending – our homes, our families, and the special Singapore that we have built together,” said Guest-of-honour Deputy Prime Minister Teo Chee Hean in the new clubhouse’s ground-breaking ceremony on 18 Jun
SAFRA Punggol is a recommendation put forth by the fifth committee to Recognise the Contributions of Operationally Ready National Servicemen to Total Defence (RECORD V).
When competed in 2016, SAFRA Punggol is expected to serve more than 70,000 NSmen living in the vicinity.
Seamlessly integrated with the Punggol Waterway Park, the facility will allow NSmen and their families to run, cycle, kayak or take part in other outdoor activities. It will also offer a gym, cycling and rollerblading facilities, a bowling centre, spa and KTV outlet.
SAFRA members will also enjoy direct access to the swimming pool and other sports facilities at the upcoming Punggol Regional Sports Centre next door.
Source from http://www.mindef.gov.sg/
The median Cash-Over Value or COV paid for a Housing Board resale flat fell to zero in February 2014, down from $3,000 in January. This was the lowest median cash over valuation (COV) figure since SRX records began in 2006. It is also the first time COV hit zero since 2006.
About 37 per cent of deals, almost 4 in every 10 deals closed below valuation overall. In contrast, only 29.4 per cent of HDB resale deals closed below valuation during January 2014. Resale prices fell by 1.8 per cent, which means that price level are now at same level as 20 months ago in June 2012. This was the sharpest month-on-month fall since prices started declining in April last year.And fewer flats changed hands.
Out of the 28 towns in Singapore.12 towns saw zero or negative median COV, an increase from 7 HDB towns in January. Bukit Panjang, Punggol, Sembawang, Sengkang and Woodlands clocked negative overall median COVs recorded in February 2014 while Bedok, Bukit Batok, Choa Chu Kang, Geylang, Jurong West, Tampines and Yishun recorded zero overall median COV.
Year-on-year, resale volume dropped 6.3 per cent. According to flash estimates, 734 HDB flats were sold last month in the resale market, a 20 per cent month-on-month drop from the 918 units in January. Rental volume also dropped 13.7 per cent year-on-year. An estimated 1,118 HDB flats were rented in February, 25.3 per cent less than the 1,496 rental transactions in January. On a year-on-year basis, February’s rental volume posted a 11.9 per cent drop from 1,296 flats leased over the same month of last year.
source – Straits Time, SRX, CNA
In Mr Khaw Boon Wan’s latest blog post, Mr Khaw hinted that as of last night’s BTO closing, “we expect to have received more than 8,500 applicants from singles. More than 55 singles will compete for each two-room unit on offer for singles. This is not lukewarm at all”
Indeed, according to the Housing Board’s final tally, about 58 singles applied for each two-room flat available to them in the Build-To-Order launch.
The two-room flats at Sengkang FernVale Riverwalk remained as attractive with about 81 singles going for each flat on offer. comparing to Yishun unit, it only received nearly 39 applications from singles.
There is a total of close to 20000 applications made in this round of BTO exercise, which calculated to 4.9 applicants fighting for 1 units. The exercise, which closed at midnight on 5/8/2013, was the first time singles aged 35 and over could apply for new flats.
The HDB has introduced several initiatives help singles Singaporean in get their home in recent years.This is the first time a BTO project will offer units just for them. Previously, singles aged 35 and above could only get their HDB homes from the resale market, with a grant of $15,000. This group can now apply for new flats under the BTO scheme. The applicant, must be a First-timer and is unmarried , divorced or widowed.
Source – Straits Time, HDB