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Tropical Beauty SPECIAL REPORT Thursday, August 16, 2018 GO ASIA SINGAPORE TROPICAL BEAUTY HUB Singapore is transforming into a ‘City in a Garden’ with lush gardens, nature parks and state-of-the-art green architecture 2 Thursday, August 16, 2018 ¢ GO ASIA SINGAPORE ¢ NATURE CITY GROWS INTO TROPICAL BEAUTY HUB The state is packed with lush gardens, nature parks and green architecture, and is a short ferry ride from the turtles and fine beaches of neighbouring Indonesian islands, writes Michelle Lam Singapore is within easy reach of some beautiful islands and lots of homegrown nature spots. Indeed, almost half of the city state is covered in greenery, thanks to charming urban parks, unspoilt nature reserves and a Unesco World Heritage Site. The Lion City has long been the place to be if you enjoy an urban lifestyle but love nature. “Our first prime minister, Mr Lee Kuan Yew, [was] the architect of Singapore’s transformation,” says Masagos Zulkifli, Singapore Minister for the Environment and Water Resources. “He focused on creating a ‘Garden City’ [and] planted the first tree in 1963, which kick-started the annual Tree Planting Campaign. Today, we are building on the legacy of our pioneer leaders and transforming Singapore into a ‘City in a Garden’.” Locals and tourists also enjoy Singapore’s easy sea links to neighbouring islands such as Bintan, which is the largest island in the Riau archipelago of Indonesia. An hour’s ferry ride from Singapore, Bintan is famous for its luxurious resorts, turtles and the charming rocks of its Trikora Beach. There are also “pristine mangrove forests” on Bintan’s “meandering, clear river of Sungei Sebung”, says Indonesia’s Ministry of Tourism. “Visitors can take a boat ride almost right to the source of the river, and experience a thrilling trip into the world of tropical mangroves.” The interior of Singapore. The boomerang-shaped Pulau Ubin (Malay Nature lovers might also trek to the island’s Gunung Changi Airport’s for Granite Island) is popular for its forests, wetland and a Bintan Besar hill, whose forest tracks offer sweeping views new Terminal 4 rich variety of local flora and fauna among its abandoned of the island. (above) reflects quarries in the northeast of Singapore. Just a 10-minute The Indonesian island of Karimun lies to the west of Singapore's bumboat ride from Changi Point Ferry Terminal, Pulau Bintan on the Strait of Malacca, and is popular for its commitment to Ubin’s ecosystem also includes several threatened species water sports, white-sand beaches and fine sea food. sustainability. of birds. Along with the neighbouring island of Batam, it forms the Photos: Alamy “The star attraction is the Chek Jawa Wetlands,” the Indonesian government’s Batam-Bintan-Karimun Free Singapore Tourism Board advises. “The intertidal flat Trade Zone for tourism. comprises coral reefs, which are home to extensive If you have little time to explore these beautiful islands, marine wildlife, such as sea hares, sea squirts, octopuses, The Cloud Forest (left) in Gardens by the Bay shows how do not worry, because there is plenty of nature in starfish, sand dollars, sponges and cuttlefish.” Singapore is transforming into a ‘City in a Garden’. Gardens by the Bay is one of the most popular tourist spots in Singapore, and shows how the city state encourages architects to imaginatively blend functional buildings into their natural surroundings. SOUTH CHINA MORNING POST THURSDAY, AUGUST 16, 2018 3 4 Thursday, August 16, 2018 ¢ GO ASIA SINGAPORE ¢ PROPERTY INVESTORS FLOCK TO PRIME DISTRICTS Robust residential sector attracts wealthy buyers to the city’s best addresses, but analysts warn fresh cooling measures could dampen their demand, writes Peta Tomlinson Investor appetite for prime Singapore property is robust across all sectors. After cooling measures subdued the market for the past few years, house prices are rising again, and foreign investment is flowing in. According to CBRE, property investment sales soared by 11.4 per cent in the second quarter, taking the investment tally to S$20.318 billion (HK$116.7 billion) for the first six months. The 32 collective deals signed during the period already exceed the 26 collective sales registered for the whole of 2017, and include 15 residential sites. Desmond Sim, CBRE’s head of research, Singapore & Southeast Asia, credits a vibrant residential sector with driving the investment climate over the past six months. Notable, he says, “have been some positive stories behind the prime districts 9, 10 and 11”. However, Colliers says the “euphoria” surrounding the residential rebound may be tempered by fresh property cooling measures – the higher additional buyer’s stamp duty and lower loan-to-value limit – announced by the Singapore government on July 5. TwentyOne “Location, location, location remains the biggest Meanwhile, 8 St Thomas, an upcoming landmark “The introduction of these measures a year into Angullia Park decision determinant in real estate,” Sim says. “People development by Bukit Sembawang Estates, should attract market recovery, after four years of decline, was aimed at (above) would still like to have a property in one of these prime keen interest as well. calming the euphoria in the private residential sector,” embodies districts.” Located at 8 St Thomas Walk, the 250-unit says Tricia Song, head of research for Singapore at Colliers the luxury of Leong Boon Hoe, chief operating officer of List development comprises a mix of one to four-bedroom International. Singapore’s Sotheby’s International Realty, Singapore, agrees that flats, plus two lavish penthouses. Commanding views of Home prices had risen “by 3.9 per cent in Q1 2018, and prime District 9. luxury is a big attraction. Orchard, Marina Bay Sands and the city skyline, 8 St another 3.4 per cent in Q2”, she adds. “The price growth – “The prestige and exclusivity of the prime districts Thomas offers full condo facilities including a pool. The which is expected to taper in the quarters ahead – was largely came about due to [their] association as homes of District 9 property is within walking distance of two MRT largely driven by the brighter economic outlook, pent-up the local affluent families and wealthy expatriates,” he stations, Somerset and Orchard, as well as the expanding housing demand and more positive market sentiment.” says. “As a large proportion of the properties are privately rail network and transport interchanges, with island-wide These measures “might stymie demand”, but Colliers owned and have freehold tenures, prices are higher than connectivity to the central business district, Marina Bay expects home prices to hold steady in the near-term. other parts of the island.” Financial Centre, Clarke Quay, Fort Canning Park, The Even though CBRE agrees the new measures might Orchard Road, Singapore’s premier shopping belt American Club and The Tanglin Club. slow down some new development projects, Sim does not which offers a plethora of entertainment and retail From a global perspective, Leong says luxury homes in believe confidence in prime districts – where buyers are options, is a core component in District 9’s appeal, Leong Singapore are more affordable than those in cities such as typically high-net-worth individuals – will be adversely adds. “Designer goods and luxurious lifestyle options Hong Kong, where two Mount Nicholson flats on The impacted. Throughout market cycles, prime property which are abundant here are often prerogatives for the Peak were sold together for US$148.5 million; or in New traditionally holds its value, he explains. well-heeled community [who] live within the area,” he York, where a 7,929-square-foot Park Avenue penthouse These prime areas, near Orchard Road, are the explains. sold for US$60 million (or US$7,577 per sq ft). traditional luxury areas of Singapore, favoured for their As an example of the premium that desirable luxury In contrast, the US$45.75 million Sculptura Ardmore lower density, privacy and exclusivity, as well as their properties in District 9 can command, TwentyOne 10,300 sq ft super penthouse’s rate of US$4,573 per sq ft is proximity to the central business district, Orchard Road Angullia Park recently sold a unit at close to S$3,900 per sq probably the highest in Singapore in the past five years, shopping and international schools. ft, he adds. while the median price for luxury properties in Singapore has ranged between US$2,400 and US$2,650 per sq ft. Bukit “The increasing demand for luxury homes from Sembawang foreigners, especially from China, Malaysia and Estates’ plush Indonesia, signal their confidence in the Singapore 8 St Thomas, market,” he says. promises Leong does expect some “knee jerk reaction” to the excellent views latest cooling measures, but while this may put a of Singapore. dampener on the sharp V-shaped recovery seen in the previous four quarters, he says “it could result in a gentler U-shaped upturn that would last longer amid the improving local and global economic performance”. In making a comparison with other overseas markets, foreign investors will consider such factors as geopolitical stability, foreign exchange, taxation laws and growth prospects of the local property market, Leong adds. “They will have confidence in the market that will give good wealth preservation shelter and growth potential over the long term,” he says. Thursday, August 16, 2018 5 ¢ GO ASIA SINGAPORE ¢ FOOD FINE DINING WITH FABULOUS VIEWS Three restaurants whet appetites for city’s glittering skyline, writes Michelle Lam Several fine-dining restaurants with breathtaking views charming Gardens by the Bay. Cé La Vi also has a club restaurant is also the world’s highest urban craft-brewery. Cé La Vi (left) could steal the spotlight from next month’s 2018 lounge and a rooftop SkyBar featuring celebrated DJs such “The restaurant has taken a leaf out of the resident offers superb Singapore Grand Prix.
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