The Making of Jurong Lake District Jurong Lake District

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The making of Jurong Lake District Jurong Lake District Site of new Science Centre B OON LAY WAY Central Lakeside Chinese Garden station Business station District Jurong Jurong Lake Future integrated transport hub Lake Gardens (East) Jurong Lake J Gateway (under construction) Gardens J U Devan Nair Institute R Comprises O for Employment N Jurong Lake Jurong G Westgate and Employability T O Gardens West, Lake W N Ng Teng Fong East and Gardens H A Central L General Hospital (Central) L Jurong RO and Jurong YUAN Lake AD CHING Community Gardens Hospital C ROAD JCUBE Jem O (West) R P O R Jurong East A Big Box T I O station N Existing R O A Science Genting Vision Exchange D Centre Hotel (under Singapore Jurong construction) Former Jurong YUNG HO ROAD Town Hall LAKESIDE New mixed-use business AYER RAJAH EXPRESSWAY precinct and home to future JURONG high-speed rail (HSR) terminus GATEWAY What could be up next A VIBRANT, LIVELY CBD CAR-LITE DISTRICT 100,000 new jobs Dedicated Consolidated roads underground 20,000 new homes for public transport only carpark hubs Land parcels can be sold in to encourage fewer cars varying sizes and zoned “white”, or mixed-use, for Logistics hub situated outside the JLD to cut down the number of delivery exibility in planning trucks in the area by at least 65 per cent SUSTAINABLE SYSTEMS Integrating urban systems All new buildings required to like district cooling, pneumatic waste and reduce energy consumption by urban logistics management for more up to 30 per cent cost-effective design GREEN AND BLUE SPACES 16ha of new parks, New water channel and extra island in creating a total of Jurong Lake, creating in total More rooftop to form a gardens 106ha of 17km of waterfront space “green carpet” in the sky greenery for social activities, recreation and retail Source: URA PHOTO: URA STRAITS TIMES GRAPHICS.

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Gazetting of New Designated Car-Lite Areas
Circular No : LTA/DBC/F20.033.005 Date : 22 Jun 2020 CIRCULAR TO PROFESSIONAL INSTITUTES Who should know Developers, building owners, tenants and Qualified Persons (QPs) Effective date 1 August 2020 GAZETTING OF NEW DESIGNATED CAR-LITE AREAS 1. In Nov 2018, LTA announced the new Range-based Parking Provision Standards (RPPS) and the new parking Zone 4 for car-lite areas, which came into force in Feb 2019. The areas classified as “Zone 4” in the RPPS will be planned with strong public transport connectivity, walking and cycling travel options. Vehicle parking provision for development applications within these areas will be determined by LTA on a case-specific basis. Five car-lite areas were gazetted on 1 Feb 2019. They are Kampong Bugis, Marina South, Jurong Lake District (JLD), Bayshore and Woodlands North. 2. The car-lite boundary of JLD will be expanded in view of the potential synergies between the JLD area gazetted as Zone 4 in Feb 2019 and the adjacent development areas. In addition, 5 new areas will be gazetted for development as car-lite areas. These are Jurong Innovation District (JID), one-north, Punggol Digital District (PDD), Springleaf, and Woodlands Central. Please refer to Appendix 1 for details on the boundaries of these car-lite areas. These 5 new car-lite areas and the expanded boundary of JLD will be gazetted as Zone 4 with effect from 1 Aug 2020. 3. The Zone 4 vehicle parking requirement will apply to all new development proposals within the car-lite areas highlighted in paragraph 2, submitted to LTA from 1 Aug 2020 onwards.
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Capitaland Divests 70% Interest in Westgate in Singapore's Jurong
For immediate release NEWS RELEASE CapitaLand divests 70% interest in Westgate in Singapore’s Jurong Lake District to CapitaLand Mall Trust for S$789.6 million Continues 1H 2018 capital recycling momentum to unlock asset value for reinvestment in higher yielding ventures Singapore, 27 August 2018 – CapitaLand Limited is pleased to announce that it has, through its wholly owned subsidiaries, entered into a sale and purchase agreement with HSBC Institutional Trust Services (Singapore) Limited, the trustee of CapitaLand Mall Trust (CMT), to sell its 70% stake in Infinity Mall Trust (IMT) that holds Westgate – the retail component of an integrated retail and office development in Singapore’s Jurong Lake District. The divestment is based on an agreed market value of Westgate at S$1,128.0 million (S$2,746 per square foot) on a 100% basis, 70% of which is S$789.6 million. The agreed value of Westgate was negotiated on a willing-buyer and willing-seller basis. The sale will generate for CapitaLand proceeds of about S$397.6 million and a net gain of about S$99.2 million. The transaction, which is conditional upon CMT unitholders’ approval, is expected to be completed in 4Q 2018. Mr Lim Ming Yan, President & Group CEO of CapitaLand Group, said: “This is another of CapitaLand’s capital recycling actions which enables us to maintain a robust balance sheet while growing our assets under management. The divestment of Westgate to CMT allows us to realise the property’s investment value, thus enhancing our financial flexibility as we redeploy our capital into higher yielding investments.
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Behind the Scenes: Jurong Lake District, Singapore Panel Insights on the ULI Advisory Services Panel Process ULI
Behind the Scenes: Jurong Lake District, Singapore Panel Insights on the ULI Advisory Services Panel Process ULI or over 70 years, the Urban Land Institute (ULI)’s Advisory Services Programme has Fworked to bring together the finest expertise in real estate to provide insights on best practice in challenging land-use issues ranging from planning, to development, heritage, and regulatory policy. In total, ULI has now convened more than 600 Advisory Services Panels (ASPs), staffed by volunteers from its 40,000 inter-disciplinary membership base. By providing an unbiased outside point of view from this very deep pool of expertise, the Advisory Services programme has and continues to deliver fresh insights and innovative solutions to seemingly intractable real estate problems. In January 2018, the Ministry of National Development’s Centre for Liveable Cities (CLC) and the Urban Redevelopment Authority (URA) of Singapore (collectively known as ‘the Sponsors’) approached ULI to form an Advisory Services panel of ten highly qualified practitioners to provide strategic advice on Jurong Lake District, a growth area that is planned as a smart and sustainable mixed-use business district. Hailing from three continents and five countries, the ULI Jurong Lake District panel members (collectively known as “the Panel”) were selected based on their expertise in finance, master development, and transportation, as well as their ability to provide independent views on development strategies. The following piece further explores the Jurong Lake District panel’s scope and process. Background and the Panel’s Assignment Located in western Singapore, the 360-hectare Jurong Lake District encompasses two precincts: a commer- cial hub at Jurong Gateway, and a leisure, recreational and mixed-use area at Lakeside.
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Jurong Lake District
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ANNEX 1 KALLANG RIVERSIDE URA Envisions Kallang Riverside to Be a New Lifestyle Precinct by the Edge of the City 1 As Part Of
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Illustrated Plans
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