Complete Property Market Updates of Singapore

June 24, 2008

One-North: A place for a meeting of minds

Filed under: Education, General, Genius Thoughts, Property Add Value — Propertymarketupdates @ 2:57 am

one-north, encompassing Biopolis and Fusionopolis, is Singapore’s icon of the knowledge economy

THERE I was, standing in the middle of a gleaming complex of buildings, with blocks bearing names like Chromos, Proteos, Genome and Matrix. I was, of course, at Biopolis, conceived to put Singapore on the global map of the biomedical sciences industry. Biopolis itself is only one part of a vast development called one-north that is emerging around the Buona Vista area.


Brain space: Biopolis (left) was conceived to put Singapore on the global map of the biomedical sciences industry; global pharmaceuticals corporation Novartis houses its Novartis Institute for Tropical Diseases at Chromos. The institute ‘is dedicated to discovering treatments for diseases of the developing world, including tuberculosis, malaria and dengue fever’, says its chairman Paul Herrling

ha area is ‘Singapore’s icon of the knowledge economy’, according to the one-north website. It encompasses Biopolis and Fusionopolis, a sprawling area dedicated to the media and information businesses.

In its widest interpretation, one-north includes Rochester Park, Insead business school and one campus of the Nanyang Technological University. Clearly, it is planned to be a kind of ‘brain space’ and creative nerve for Singapore.

But does the talent really like working here? I approached a man and a woman chatting to each other and posed them that question.

The woman’s answer was emphatic. ‘Yes, it’s convenient. It’s got everything - there are restaurants, cafes, shops. There’s a shared system among all the corporations here, to take care of all our grocery and other needs.’ They declined to give their names but said that they work at the Institute of Bioengineering and Nanotechnology.

And for those who think that the location is somewhat out of the way, there is the view of Edison Liu, executive director of the Genome Institute of Singapore (GIS). one-north is practically ‘in the middle of the city’, he said, speaking to BT in a phone interview as he was travelling in the US.

‘We are only some 20 minutes from all the major hospitals and universities. It’s not like some other research centres, where you’re stuck in the outskirts of suburbia.’

GIS is the national flagship programme for genomic sciences, and occupies - of course - the Genome block at Biopolis.

‘Of course I’m biased, but we are always counted among the top 10 genome centres in the world,’ said Prof Liu. ‘Within a 25-hundred-mile radius in Asia, there is no centre with better firepower than us.’ He said that the institute has made its mark in the areas of stem cell genomics, systems pharmacology (which is research related to cancer) and genomic technology.

Slightly more than half of GIS staff is of foreign origin, said Prof Liu, who himself is from the US but is now a Singapore permanent resident. In that sense, the institute shares the international flavour of other big research institutes.

As I walked along the paved streets of Biopolis, it seemed to me that the place, barring the occasional person in a business suit, has the feel of a large university. There is a big food court for the more budget-minded, but also espresso pit-stops and several restaurants.

These eateries are not only great places to grab a meal, but also to swap ideas and contacts, according to Paul Chapman of GlaxoSmithKline. He is head of GSK’s Centre for Research in Cognitive and Neurodegenerative Disorders.

‘While it is certainly possible to have this kind of interaction if you are located on a separate campus, there is no substitute for bumping into someone at the food court or the cafe,’ he said. ‘Those casual interactions, where people get to know each other and then discover their mutual scientific interests, just happen more easily at a place like Biopolis.’

Opportunity for study

Novartis, another global pharmaceuticals corporation, houses its Novartis Institute for Tropical Diseases (NITD) at Chromos.

The institute ‘is dedicated to discovering treatments for the diseases of the developing world, including tuberculosis, malaria and dengue fever’, said Paul Herrling, NITD’s head of corporate research and chairman.

‘Biopolis’s location in Singapore, a place where dengue is endemic, gives researchers the opportunity to study first-hand the epidemiology of the disease, and enables access to affected patients.’

one-north is not entirely about the medical and biotech sectors. Swissnex Singapore describes itself as a platform of the Swiss Embassy, ‘facilitating knowledge and competencies’ in science, education, art and innovation between Switzerland, Singapore and South-east Asia.

‘Being at Biopolis brings us closer to the stakeholder,’ said executive director Suzanne Hraba-Renevey. ‘We are more visible and accessible to our users and have easy access to our partners from academia, research, government and business.’

The entire Biopolis project itself is yet to be completed, and consists of several phases. Across the road looms Fusionopolis 1, comprising 24 floors, two towers and 120,000 square metres of floor area.

The building, which represents phase one of the Fusionopolis project, is dedicated to infocomms, or media-related firms that use the latest in technology. It is equipped with satellite access and the necessary power and bandwith for intensive computer use. There are also service apartments, a roof-top swimming pool and a performance theatre.

Fusionopolis 1 has just opened its doors to tenants, and Asian Food Channel was the first to make it its home. When I visited the premises of the cable-and-satellite channel on the 12th floor, there were still boxes to be unpacked and everything was spanking new.

‘We think three to five years ahead,’ said managing director Hian Goh. ‘In 12 months’ time, there’s going to be an MRT at the bottom of this building. There will be a Cold Storage and shops. There’s a sky garden - it’s beautiful.’

The new office is bright, airy and full of glass partitions. There is a room at the rear to be turned into a kitchen-cum-studio.

‘That’s where we’ll have people like Gordon Ramsay doing his shows,’ said Maria Brown, managing director of acquisitions and programming. ‘We’ll also be able to invite people over.’

I imagined the celebrity chef, brow furrowing, expletives flying, sticking a knife in a roasted carcass and calling it done.

‘Please invite me,’ I said.

Source : Business Times - 27 May 2008

June 19, 2008

Central: More hotels

Filed under: Commercial, Education, General, Hospital, Hotel — Propertymarketupdates @ 5:52 am

LIVE

·  130,900 new homes, in towns such as Toa Payoh, Queenstown, Bukit Merah and Boon Keng, as well as at Kallang Riverside, Tanjong Rhu, Singapore River and Sentosa

WORK

·  Extension of the Central Business District at Marina Bay and along Beach Road/Ophir-Rochor Road

·  New offices at Paya Lebar Central

·  Further development of office and business parks at one-north

PLAY

·  New hotels at Chinatown, Tanjong Pagar, Singapore River, Kampong Glam, Little India, Farrer Park, Paya Lebar, Kallang Riverside, Balestier and Sentosa

·  Sports Hub at Kallang will have a National Stadium, aquatic and water leisure centre, multi-purpose indoor arena, sports library and museum

·  New park connectors and Labrador boardwalk linking Southern Ridges to VivoCity, HarbourFront and Southern Waterfront

·  New events at Singapore River

Source : Straits Times - 24 May 2008

West: More greenery

Filed under: Commercial, Education, General, Hospital, Hotel — Propertymarketupdates @ 5:50 am

LIVE

·  46,000 new homes near MRT stations, parks and waterbodies, such as at Jurong East, Jurong West, Hillview and Choa Chu Kang

·  A new general hospital in the Jurong Lake District by 2015

·  A shopping mall with a library and bus interchange at Clementi town centre

·  New campuses for the Canadian International School and River Valley High School in Jurong West by next year and 2015, respectively

·  Third Institute of Technical Education regional campus in 2010

WORK

·  2,500ha of land set aside in Jurong and Tuas for industrial uses

·  750,000 sq m of commercial space for offices, shops and restaurants in Jurong Gateway

TRAVEL

·  The East-West MRT line will be extended west

·  The Downtown Line 2 will connect parts of the region to the city centre

PLAY

·  Jurong Lake District will have edutainment attractions, dining and lifestyle destinations and a new park by the lake

·  World-class Science Centre next to Chinese Garden MRT Station

·  Interpretative Centre and boardwalk at the Bukit Timah Nature Reserve

·  Boardwalks and boating activities at Jurong Lake and Pandan Reservoir

·  Singapore’s first motocross venue at Tuas

·  More parks and park connectors

Source : Straits Times - 24 May 2008

May 9, 2008

Queen Margaret University starts classes in Singapore

Filed under: Commercial, Education, General — Propertymarketupdates @ 2:26 am

It is the latest addition to the global schoolhouse initiative

THIS morning was a landmark occasion for Scotland’s renowned Queen Margaret University (QMU), as students began classes for the first time at its Asia campus in Singapore - the first full-fledged overseas site by a British institution to open in Singapore.


Landmark: QMU’s Asia campus is the first full-fledged overseas site by a British institution to open in Singapore

The 133-year-old QMU’s presence, the latest addition to the Republic’s global schoolhouse initiative, is a significant one, and comes three years after another UK university, Warwick, abandoned plans to operate a campus here, citing concerns over academic freedom and possible research restrictions, among other issues.

Just last year, QMU was accorded full university status, which resulted in it dropping the word ‘College’ from its name and confirming its status as a university-level institution.

Home to QMU’s Asia campus is a serene, 18,000 sq m site nestled in the heartlands at Ah Hood Road, off Balestier Road. QMU’s lease for the land will see it pay $38 million in rent over the next 15 years.

The new four-storey campus, the result of a joint venture between the Edinburgh-based QMU and its Singapore partner - the East Asia Institute of Management - is just the latest success story coming out of a seven-year-long working relationship for both parties.

Richard Kerley, the pro vice-chancellor of QMU (International) said the realisation of the Asia campus was down to ‘the mutual trust, respect and confidence between the two institutions, built up over years’.

On how QMU plans to set itself apart from the other private universities in Singapore, given that competition for the student dollar is already so intense, Prof Kerley told The Business Times: ‘We have, arguably, the most multi-national student population, with about 70 per cent of them coming from China, India, Vietnam and some 15 other countries from the Asia-Pacific region. Students from Singapore, in particular, benefit greatly when they study on our campus, with its rich, multi-cultural environment.’

QMU, which was recently named one of the top 10 modern universities in the UK’s Sunday Times Good University Guide, eventually hopes to see up to 6,000 students enrolled in the Singapore campus. They can have their pick of a variety of business management degrees, as well as courses in banking and finance.

The flagship programme is its hospitality and tourism degree - an ideal one given that the demand for such graduates is soaring thanks to a boom in the tourism and services industry in Singapore and the region.

The stand-out offering that Prof Kerley is banking on to seal QMU’s status as a major player is the bilingual degree programme in business and management-related fields.

Other courses in the pipeline include a Bachelor of Nursing, and specialist degrees in health science areas such as occupational therapy and physiotherapy.

Source : Business Times - 5 May 2008

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