Metropolitan Living. Redefined Enthralling Intriguing Exciting Developed By

Unit Mix A WORLD-KNOWN ADDRESS WITH RICH HISTORY AND GROWTH TRANSFORMATION IN CENTRAL BUSINESS DISTRICT OF

• V ON SHENTON Located at 5A , former address of UIC Building (Used to be known as 3 Sisters together with Novena House and Shenton House) • Shenton Way famously known as Wall Street of Singapore. A place where world known businesses district take place. • V ON SHENTON, An Iconic Building with sculpture design by renowned UNSTUDIO AND ARCHITECTS 61 that detail to HIGHLIGHT THE SEAM, FORM RATIONAL TO IRREGULARITY and the atmosphere that come with PROTECTIVE SHELL AND SUPPLE INTERIOR. An unique honeycomb and texture surface with the Led light trimming stands out prominently from far. • An integrated mixed development with 1 tower of 23-storey OFFICE, 2 commercial SHOPS and 1 tower of 54-storey RESIDENTIAL block, seamlessly connected to upcoming Shenton Way MRT and OUE Downtown Gallery, a new Shopping Pricint SEAMLESS CONNECTIVITY

> 3 MRT LINES Underpass to upcoming Shenton More than 35 Buses Services Central Underground Pedestrian East-West Line, Circle Way MRT with 1-2 mins walk (8 Express Buses) to & fro Link Network – Multi-level Predestrian Line, Downtown Line A newline connecting North every part of Singapore Street with 800m long and 30-m wide (Woodlands & potentially M’sia connecting V on Shenton to Marina Bay JB) and East, Potentially extend to Changi Airport.

Link Bridge to upcoming OUE Downtown Gallery, Mins to International Easy Access To A new CBD Shopping Precinct equivalent to Singapore Cruise Centre, Major Expressways : approx. 80% size of Novena Square. An iconic, dedicated two- st MCE/AYE/ECP/ECP OUE Designed and Created with 21 Century berth cruise facility built Shopping Aesthetic combines urban style with nature inspired elements to create a unique and to accommodate the refreshing environment largest seafaring cruise liners & more… LOCATION 3Mins walk to Tg Pagar MRT 6Mins walk to Downtown Escalator link to Overhead Bridge Exit F MRT Underpass to Shenton Way MRT Link to OUE Downtown

5Mins walk to Lau Pa Sat 133,167, 186, 196, 400, 402, 502,513, 530, 531, 546, 587, 588, 590, 598, 599, 700, 970 97E, 196E, 850E,951E, 971E, 982E, Greater Southern Waterfront City

Central Underground Pedestrian Links Network RARENESS IN SUPPLY, HIGH RENTAL DEMAND One of the few privileged residential developments in CBD and the financial district of – Marina Bay Financial District, , 1 & 2 (Westin Hotel), MBFC & MBF

Excellent Location in Central Business District Prime District 01, Singapore world known Central Business District, Near Marina Bay Financial Centre. Seamlessly Connected to OUE Downtown, upcoming Shenton Way MRT and future underground pedestrian links network.

Distinctive Design by world renown Design Consultant, UNStudio, in collaboration with leading local Architect, Architect 61 UNStudio’s Profile including Singapore Project, Ardmore Residences (by Pontiac), The Scotts Tower (By FEO), Singapore University of Technology & Design and various iconic building in Upstate New York, USA (2007), Stuttgart-Germany (2006), Seoul-Korea (2005), Hangzhou, China (2008-2013) Accessibility - Minutes walk to 3 MRT Lines: 3 mins walk to Tanjong Pagar MRT (EWL), 6 mins walk to Downtown MRT (DTL) and escalator to underpass walk to Shenton Way MRT (TEL). - Excellent connectivity with major expressways like CTE, ECP, MCE, AYE - Close proximity to Marina Bay Financial Centre, , Orchard Road, Marina Bay Cruise Centre and Sentosa.

Good Quality Fittings and Finishes - Functional layout furnished with premium fittings, finishes and appliances. (Gaggenau, Bosch, Alessi, Hansgrohe, Duravit, Rational) Meticulously Planned Facilities - Three levels of sky terraces with one level dedicated solely for cultivation of residents’ epicurean lifestyle - Gardens in the sky concept dominates the landscape design of development CIVIC AND CULTURAL DISTRICT MASTER PLAN OF CENTRAL 3 BY THE BAY CBD TRANSFORMATION HUGE POTENTIAL AWAITING

1 GROWTH STRATEGIES

4 MARINA SOUTH

TOWARDS A SUSTAINABLE 2 AND LIVEABLE CITY 5 GREATER SOUTHERN WATERFRONT THE DESIGN CONSULTANT AND ARCHITECT

A COLLECTIVE AND CREATIVE COLLABORATION When best can be better, that's when you know you have achieved something special. We've put together architects with the same vision, passion and foresight. Each with their unique language and expertise. The world renowned UNStudio in collaboration with well-established local architect, a61 to create this masterpiece. THE GRANDEUR OF THE PAST Known famously as Singapore's wall street, Shenton Way proudly holds the financial and trading history of Singapore. It was not until the 1960's that the first buildings appeared along Shenton Way. The first being the Conference Hall and Trade Union House (1965), later becoming the Singapore Conference Hall, and the ICB Building (1968) and Shing Kwan House which is now the SGX Centre. Also of significance to the area in the 1970s were Robina House, Shenton House and of course, UIC Building. Standing at 152m tall, and 39 storeys high, UIC Building at fiVe Shenton Way was the tallest of the 'three sisters' on the south side of Shenton Way. Robina House and Shenton House make up the other two. REPUTABLE DEVELOPER – UIC

SINCE 1963 LISTED 1969 bUilDiNG PRESTiGE AND PRiDE

NEXT Track Record NEXT Track Record DEVELOPER’S TRACK RECORD NEARBY AMENITIES

A WORLD-CLASS WONDERLAND IN YOUR BACKYARD V on Shenton has fun and entertainment on tap, night and day. The development enjoys close proximity to the constantly evolving artistic heart of Singapore's diverse cultural and entertainment quarters. A number of first-class attractions are right in your backyard. From the favoured to the fashionable, your glamorous roster of neighbours includes the Singapore Flyer, the Esplanade Park, the Chinatown Heritage Area, Gardens by the Bay and, of course, the entire round-the clock Marina Bay Waterfront playground. LINKBRIDGE TO OUE DOWNTOWN

Six-level Retail Mall of approx. 160,000sqf OUE DOWNTOWN GALLERY

NEXT OUE News OUE DOWNTOWN GALLERY The Straits Time 15/7/2016 That is one of the bold retail concepts OUE offer at its upcoming mall in the CBD Downtown Gallery mall with a net lettable area of 145,000sqf will be big on lifestyle, wellness and technology. It is set to open in the first quarter next year.

One fresh idea is a 4,000sqf “social kitchen” on level three, to be fitted out with 10 cooking stations, complete with kitchen equipment, crockery and condiments.

People order food from a menu via their mobile devices and pick up the items

It’s like growing a new shopping precinct for Singapore. Other cities, like Hong Kong, Melbourne and London, all have shopping in the CBD, Why can’t we? OUE DOWNTOWN GALLERY OF Retail Area : RETAIL SPACE SIZE 160,000sqf about 80% of 200,000sqf REFERENCE 2 Novena Square

Retail Area : Retail Area : 168,000sqf 180,000sqf Gaming Space : 160,000sqf RETAIL SPACE SIZE REFERENCE 1 Retail Area : 160,000sqf

Retail Area : 90,000sqf GREATER SOUTHERN WATERFRONT CITY

18 Aug 2013 9.47pm: Prime Minister Lee Hsien Loong : We are building a new port in Tuas. All container ports will be moved there from 2027 onwards. The Tuas port plans will free up prime land in Tanjong Pagar, where we will build the brand new Southern Waterfront City. V on Shenton

SINGAPORE: By 2027, the Government plans to transform the area around Tanjong Pagar into a space three times the size of Marina Bay, with a continuous 30- kilometre trail connecting Labrador Park to Gardens by the Bay.

Ms Fun Siew Leng, Assistant Chief Planner at URA, said the development will be called the Greater Southern Waterfront area, and the port area of Tanjong Pagar will be part of the plan.

Page 1/2 SINGAPORE: By 2027, the Government plans to transform the area around Tanjong Pagar into a space three times the size of Marina Bay, with a continuous 30-kilometre trail connecting Labrador Park to Gardens by the Bay.

Ms Fun Siew Leng, Assistant Chief Planner at URA, said the development will be called the Greater Southern Waterfront area, and the port area of Tanjong Pagar will be part of the plan.

"The plan is a very ambitious one: We are going to inject a lot more (of a) live-in population so that there will be more residential development, but it will also be of a mixed-use character," she added. The project will also feature green corridors, forming an eco network that aims to promote biodiversity and activities across the area. This will complement up-and-coming buildings sprouting in the district, such as Eon Shenton, PS100 and Tanjong Pagar Centre, which is set to be Singapore's tallest building at 290 metres, or about 64 storeys including a double-storey urban park. Ms Valerie Wong, Commercial General Manager at GuocoLand Singapore, said while Tanjong Pagar is an established district, what it lacks is a "focal point, a meeting place for the community, office workers and residents".

But Ms Fun said the district is already "mixed-use in character".

"At the street level, you can find lots of shops that are restaurants, amenities, and it makes the street life more vibrant and lively. It's a very different area in a sense that even after the office hours are over, you will still see quite a lot of street life in the area."

Mr Dietmar Leyk, Project Leader of the High-Density Mixed-Use Cities at the Future Cities Laboratory said the intention to create a mixed-use city or a city quarter is not new. "But Tanjong Pagar will prove that this really works on a level of preservation aside, but also in the modern buildings, modern developments like the waterfront areas," he said. "There is a not only a next-to-next, or coexistence of users necessary, it needs to be really studied how the synergies between these functions and users work." Mr Leyk added that offering architecture and settlements which are adaptable for different users helps cities prepare for future urban change, as they become more flexible for future requirements. "It’s all about difference and diversity. The whole city of Singapore is a huge urban project and it’s important that we create islands with different identities so that they can complement each other." - CNA/mz Page 2/2

LIMITED SUPPLY OF RESIDENTIAL IN CBD

46 years

$1478 - $2272 psf 11 years

$1977 - $3258 psf 9 years

$1750 - $2667 psf 12 years

$2011 - $2826 psf

Others: Marina Bay Residences since 2010 (6 years) $1947 - $3923psf Emerald Garden since 1999 (17 years) $1466 to $1935psf The Sail @ Marina Bay since 2002 (14 years) $1475 to $2447psf Robinson Suites (Top Soon) $2250 to $3338psf Altez since 2008 (8 years) $1792 to $2577psf Icon since 2002 (14 years) $1533 to $1930psf Lumier since 2006 (10 years) $1641 to $2200osf 76 Shenton since 2007 (9 years) $1187 to $2526psf Skysuites @ Anson top 2014 (6 years) $1960 to $2817psf EON Shenton since 2011 (5 years) U/C, $1797 to $2750psf Wallich Residence at Tg Pagar since 2011 (5 years) U/C Right Above Tanjong Pagar MRT (psf $3220 to $3238psf) (Formerly called Clemont Residences) Source : Squarefoot Big Player Holding Central Market Pricing GOOD UPSIDE POTENTIAL MASTER PLAN OF CENTRAL CBD TRANSFORMATION HUGE GROWTH POTENTIAL

District 1

AS At July 2016 GOOD RENTAL DEMAND IN CBD

Numbers of Rental Transaction Monthly

Source : Squarefoot I. Shoppings II. Dining Options III. MRT Services V. Potential Tenants from VI. Other Amenities OUE Downtown Gallery (2Q 2017) OUE Downtown Gallery (Upcoming) Shenton Way MRT (TE19) (2012) nearby offices Singapore Conference Hall Oxley Tower (2017) Oxley Tower (Upcoming) Downtown MRT Station (TE17) V on Shenton Office Tower Singapore Chinese Cultural Centre Marina Bay Link Mall Lau Pa Sat, Customs House, One Fullerton, (Completion in year 2012/2013) Esplanade The Shoppes at MBS MBS, Gardens By the Bay, One Raffles Tanjong Pagar MRT (EW15) Asia Square Tower 1/2 The Fullerton Heritage Marina Square Place, CHIJMES, Marina Bay MRT (NS27) OUE Downtown Offices Marina Bay Sands Mall Clark Quay, Boat Quay, , Amoy Street, Ann Raffles Place MRT (NS26/EW14) SGX Centres MAS Building Gardens by the Bay Raffles City Siang Hill, Club Street, Maxwell Market, AXA Tower CPF Building Marina Barrage & more… Velocity IV. International Cruise Terminal Pagar Plaza Market & Food Centre Capital Tower SBF Centre Ann Siang Hill / Club Street Marina Bay Cruise Centre GB Building One Raffles Quay & LIVE . WORK . PLAY IN VIBRANT CBD

Live Close to Work – Work Close to Family – Play in World-Class Wonderland Minutes to Work – Minutes to Home An enviable lavish lifestyle exclusively only for the top few LIVE . WORK . PLAY IN VIBRANT CBD

IS NOT JUST A RESIDENCE YOU OWN BUT A PRIVILEDGE TO BE A PART IN THIS FAMOUS RED DOT, SINGAPORE, TOP NAME KNOWN BY THE WORLD RICH IN HISTORY – RICH IN CULTURE – FOR ONLY THE RICH YOU

4 LEVELS OF SKY FACILITES

Total : 31 Facilities

1 Facilities

9 Facilities

6 Facilities

15 Facilities LUXURI8 (Level 8)

15 1. OUTBACK GRILL 5. SPLASH ZONE 9. SPA POOL 13. CINNAMON SCENT 2. TANNING ISLES 6. JUNIOR POOL 10. BUBBLY BAY 14. NUTMEG GROVE Facilities 3. SUN DECL 7. POOL 11. PLAYSCAPE 15. SPICE BOTANICS 4. CLUB LOUNGE 8. AQUA GYM 12. CLOVES HEDGES LUXURI8 (Level 8) PLAYSCAPE EPICURE (Level 24)

6 Facilities HAVEN ON 34 (LEVEL 34) & VITALISE ON 35 (LEVEL 35)

9 Facilities 1 Facilities HAVEN ON 34 (LEVEL 34)

9 Facilities HAVEN ON 34 (LEVEL 34) DAY BED ISLAND HAVEN ON 34 (LEVEL 34) SWIVEL DAY BEDS VITALISE ON 35 (LEVEL 35)

PANORAMIC VIEW

PANORAMIC VIEW

Level 42 View

Level 50 View

SITE PLAN - LOWER DECK ( LEVEL 9TH TO 29TH , 25TH TO 33RD LEVEL) SITE PLAN (SITE LEEL PLAN 36TH - UPPERTO 51ST DECK) - PENTHOUSES ( LEVEL 36TH TO 51TH LEVEL) SITE PLAN – PENTHOUSES ( LEVEL 52 & LEVEL 53 ) Available Units – LOWER DECK * Prices subject to change without prior notice

Singapore Conference Shenton Hall House

OUE Downtown

* Prices subject to change without prior notice * Prices subject to change without prior notice Available Units – UPPER DECK

Shenton House Singapore Conference Hall

OUE Downtown LAST HIGH PSF TRANSACTION

LAST HIGH PSF CAVEATED $2,951 PSF (2012-11-30) $2,931 PSF (2016-02-13) $2,929 (2015-02-01) LAST HIGH PSF TRANSACTION ACTIVE TRANSACTION AVAILABLE : 121 UNITS TOTAL SOLD : 389 UNITS (76%) UNCAVEATED : 55 UNITS CAVEATED 2012 : 243 UNITS CAVEATED 2013 : 44 UNITS CAVEATED 2014 : 17 UNITS CAVEATED 2015 : 30 UNITS

2016 : STILL SELLING WHY BUY NOW? AVAILABLE : ENJOY HIGHER FLOOR WITH #27-16, STUDIO, LOW FLOOR PRICING $1,132,200 ($2,505 PSF)

CAVEATED 2013-02-25: #16-16, $1,202,000 ($2,659PSF)

#11 TO #22 ($2500 - $2659PSF) FLOOR PLAN FLOOR PLAN – STUDIO

SOLD

SOLD

NEXT S2 FLOOR PLAN – STUDIO (TYPE S2)

STUDIO

NEXT S4 FLOOR PLAN – STUDIO (TYPE S4)

STUDIO

NEXT S5 FLOOR PLAN – STUDIO (TYPE S5)

STUDIO

NEXT 1BR FLOOR PLAN – 1 BEDROOM (TYPE A2)

1-BEDROOM

SOLD

NEXT 1+S FLOOR PLAN – 1+STUDY

SOLD

SOLD NEXT AS3 FLOOR PLAN – 1+STUDY (TYPE AS3)

1+STUDY

NEXT 2BR FLOOR PLAN – 2 BEDROOM

2-BEDROOM

SOLD

SOLD NEXT B3 FLOOR PLAN – 2 BEDROOM (TYPE B3)

2-BEDROOM

NEXT B4 FLOOR PLAN – 2 BEDROOM (TYPE B4)

2-BEDROOM

NEXT 2+S FLOOR PLAN – 2+STUDY

2 BEDROOM+STUDY

SOLD

SOLD

NEXT BS4

SOLD FLOOR PLAN – 2+STUDY (TYPE BS4)

2 BEDROOM+STUDY

NEXT BS5 FLOOR PLAN – 2+STUDY (BS5)

2 BEDROOM+STUDY

NEXT 3BR C1 FLOOR PLAN – 3 BEDROOM (C1 – 1528 SQF)

3 BEDROOM

NEXT C2 FLOOR PLAN – 3 BEDROOM (C2 – 1765 SQF)

3 BEDROOM

NEXT C3 FLOOR PLAN – 3 BEDROOM (C3 – 1755 SQF)

3 BEDROOM

NEXT C4 FLOOR PLAN – 3 BEDROOM (C4 – 1518 SQF)

3 BEDROOM

NEXT C5 FLOOR PLAN – 3 BEDROOM (C5 – 1356SQF)

3 BEDROOM

NEXT C6 FLOOR PLAN – 3 BEDROOM (C6 – 1528SQF)

3 BEDROOM

NEXT GALLERY SHOWFLAT MODEL SHOW SUITES PHOTO – 1BR (TYPE A2-506 SQF) LIVING & BATHROOM SHOW SUITES PHOTO – 1BR (TYPE A2-506 SQF) KITCHEN SHOW SUITES PHOTO – 1BR (TYPE A2-506 SQF) MASTER BEDROOM SHOW SUITES PHOTO – 2+STUDY (TYPE BS1-1098SQF) LIVING ROOM SHOW SUITES PHOTO – 2+STUDY (TYPE BS1-1098SQF) KITCHEN SHOW SUITES PHOTO – 2+STUDY (TYPE BS1-1098SQF) STUDY CORNER CONVERT TO DINNER ROOM SHOW SUITES PHOTO – 2+STUDY (TYPE BS1-1098SQF) BEDROOM 2 SHOW SUITES PHOTO – 2+STUDY (TYPE BS1-1098SQF) MASTER BATHROOM SHOW SUITES PHOTO – 3BR (TYPE C3-1755SQF) DINNER ROOM SHOW SUITES PHOTO – 3BR (TYPE C3-1755SQF) LIVING / DINING / KITCHEN SHOW SUITES PHOTO – 3BR (TYPE C3-1755SQF) KITCHEN SHOW SUITES PHOTO – 3BR (TYPE C3-1755SQF) MASTER BEDROOM SHOW SUITES PHOTO – 3BR (TYPE C3-1755SQF) MASTER BEDROOM SHOW SUITES PHOTO – 3BR (TYPE C3-1755SQF) MAASTER BEDROOM SHOW SUITES PHOTO – 3BR (TYPE C3-1755SQF) MASTER BEDROOM SHOW SUITES PHOTO – 3BR (TYPE C3-1755SQF) BEDROOM 2 SHOW SUITES PHOTO – 3BR (TYPE C3-1755SQF) BATHROOM SHOW SUITES PHOTO – 3BR (TYPE C3-1755SQF) BATHROOM SHOW SUITES PHOTO – 3BR (TYPE C3-1755SQF) MASTER BATHROOM News Article Some developers have been reducing prices for their projects, encouraging sales in the process. Ardmore Three in Ardmore Park has sold about 20 units since relaunching last month at effective prices of about $2,600 to $2,700 per sq ft (psf) - after factoring in a 15 per cent cash rebate. This is below earlier launch prices of $3,400 to $3,500 psf. Sales are decent considering most units at the project go for about $5 million. The 84-unit project, completed in the fourth quarter of 2014, has about half a year more to sell all units before incurring Qualifying Certificate (QC) extension charges. It had moved just four units before last month, according to caveats. In the current market, it seems that prices of $2,600 to $2,700 psf are considered palatable for freehold homes in the prime Ardmore Park area - while for 99-year leaseholds in Orchard, buyers will bite at $2,300 to $2,400 psf, as seen in the successful launch of Cairnhill Nine. Highline Residences in Kim Tian Road was relaunched this past weekend, selling about 20 units. These were priced at about $1,850 psf, slightly lower than average prices of about $1,900 psf when it was launched in September 2014. There was also an early-bird discount of several thousand dollars. The 500-unit project has sold more than 200 units to date. A bulk sale of 20 units was recently struck at Starlight Suites in River Valley Close. Pricing is said to be about $1,500 psf, compared with $2,050 psf at its launch. Excluding the deal, the 105-unit project has moved 72 units, according to caveats. It has till about the end of this month before it will start incurring QC extension fees, The Straits Times understands. More sales activity is expected this weekend, with the new launch of Stars at Kovan and a long weekend in Indonesia. There has been more interest in Orchard properties recently, with OUE selling about 30 units at Twin Peaks over the last weekend and close to 70 units since the Good Friday weekend.

"It is now a good window period for buyers to purchase a well-located prime property in districts 9 and 10," said Mr George Tan, senior director at Savills Residential.

Correction note: An earlier version of the story stated that OUE sold 30 NEXT units at Twin Peaks over the past few weeks. This is incorrect. OUE instead sold 30 units over the last weekend and close to 100 units since the Good Friday weekend. We are sorry for the error. NEXT The price uptick in the CCR is promising.

Has Singapore’s property market finally hit bottom? Analysts say that the unexpected increase of prime home prices in the first quarter might indicate that the property market may be recovering sooner than expected.

“This rate of increase can be considered to be moderate, but it may signal the beginnings of a market recovery,” says Darius Cheung, Co-founder and Chief Executive Officer, of online startup and property portal 99.co. An analysis by 99.co shows that since 2004, homes in the Core Central Region (CCR) tend to be the first to recover from a downturn ahead of peripheral areas. “Market behavior and corresponding rise or fall in prices in the CCR region is indicative of how property in Singapore is expected to perform. CCR is rebounding and we expect the rest of Singapore’s outer regions to step in and follow suit as prices start climbing steadily,” Cheung said. However, CBRE analysts Desmond Sim and Han Huan Mei noted in a report that it might be too early to say that the market is finally on its way to full recovery. “While it is too early to claim that prime home prices have NEXT bottomed out, CBRE Research is of the view that the market's acceptance that the government would not lift measures in the short term probably nudged buyers who are in two minds to decide on a purchase," they said. ARE YOU READY?

NEXT Source : BT 21/220516 NEXT MAS EASES CAR LOAN, WHAT’S NEXT? MAS Ease Car Loan DEMAND

Car showrooms across the island saw a surge in visitor numbers yesterday, following a move by the Monetary Authority of Singapore (MAS) to ease restrictions on loans for motor vehicles. Both new and used car dealers saw an increase of between 10 and 50 per cent in showroom traffic, though many remain cautious about its impact on sales. "We've had a good crowd since late afternoon on Friday with about 50 per cent more customers walking in," said Mr Victor Kwan, the managing director of Wearnes Automotive

"The ease may help push those who have been sitting on the fence, as they may now (need to) pay less cash up front when buying a car." Under a move that kicked in on Friday, buyers can now borrow up to 70 per cent of the purchase price for cars with an open market value (OMV) of $20,000 or less. This is up from 60 per cent previously. Those who buy cars with OMVs of more than $20,000 can now borrow up to 60 per cent of the purchase price, up from 50 per cent. The loan tenure has also been increased from five years to seven. Showrooms were busy in Alexandra Road when The Sunday Times visited yesterday, with sales representatives attending to calls and customers checking out vehicles. Engineer Jason Teo, 38, who visited the showroom of Toyota distributor Borneo Motors Singapore, said the move helped him when buying a $104,888 Toyota Wish yesterday. "The previous loan restrictions meant that we would have had to cough up a substantial amount up front, but the recent change gives us more leeway to figure out the payment," said Mr Teo. However, Mr Kwan believes there remains a need to monitor certificate of entitlement (COE) prices in the months ahead, as well as the reaction from banks. SH Automobile director Lionel Song agreed, saying: "More people are having a look, but they may be holding back to see if bank interest rates will be going down." Mr Raymond Tang, first vice-president of the Singapore Vehicle Traders Association, said: "The increase in loan tenure will give potential used car buyers more options to consider cars with up to seven years of COE validity. "Those with a tighter budget will also be able to spread their instalments over a longer period." He reported an increase in showroom visitors of up to 15 per cent yesterday. Speculating that COE premiums may go up due to rising demand, some decided they should not wait too long to make their purchases. Research assistant Chew Ah Bian, 40, was trying to decide between the Honda Civic and the Honda HR-V, both of which are retailing at around $108,999 inclusive of COE. "The recent relaxation of rules could mean that more people will be looking to buy a car, which could push up the prices of COEs in the coming months," said Ms Chew, who is intending to make a purchase by the end of this weekend. Ms Anna Goh, 40, who is self-employed, said the announcement pushed her and her husband to buy the Peugeot PureTech, retailing at $114,900 including COE. "The COE (for our current car) will expire in July and we wanted to wait a while for prices to drop, but it wouldn't have made a difference as we expect more people to make purchases now. CONNECTING THE NORTH TO EAST

SINGAPORE - The Thomson-East Coast Line (TEL), currently being constructed, could be extended to connect to the Changi Airport MRT station, as well as the airport's future Terminal 5. Transport Minister Khaw Boon Wan said on Thursday (July 21) that the government is accessing the feasibility of extending the 43km MRT line, which is expected to open in stages from 2019 to 2024. "It would provide a direct connection from the airport to the city. This would benefit travellers and airport staff," said Mr Khaw during a groundbreaking ceremony to mark the start of works for the East Coast stretch of the TEL.

PUBLISHED 21/7/16 9:36 AM CONNECTING THE NORTH TO EAST The Straits Time 20/7/16