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Jurong Lake District to create more than 100,000 jobs, 20,000 homes

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SINGAPORE: More than 100,000 new jobs will be created and 20,000 homes built in the 360- hectare Jurong Lake District , the Urban Redevelopment Authority (URA) said on Friday (Aug 25). The Jurong Lake District project - set to be completed after 2040 - was first announced in 2008 as part of URA's efforts to provide more job and recreational options in the heartlands. The Government has said it plans to transform the area into Singapore's second central business district . The new jobs will be created in sectors such as the maritime industry, with the future Tuas mega port ; infrastructure development, due to the neighbouring Jurong Industrial Estate ; and in the technology sector with the Nanyang Technological University and the planned Jurong Innovation District nearby , URA said. New residential developments will also be built in this western corridor, which will be a mixed-use business district . However, the exact mix of private and public development has not yet been d...

Some condos being run as serviced apartments, Business News

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AT least two projects nestled in a mature residential precinct in District 9 near Somerset are being run as serviced apartments - despite not having the regulatory approval to do so - and a third one is opening. Oxley Thanksgiving Residence , a freehold condominium at 328 River Valley Road owned by Chinese temple Poh Ern Shih , and St Thomas Lodge , which also sits on freehold land at 32 St Thomas Walk , are listed for short-term stay on the website of accommodation service provider Atas Residence . The Business Times' visit to these projects confirmed that they are being run as serviced apartments. A third property, Devonshire Apartments at 17 Devonshire Road , has just undergone a major renovation, and the units there are understood to be starting a new chapter as serviced apartments this month. BT's query to the Urban Redevelopment Authority (URA) confirmed that these three properties are currently approved for residential use, but "do not have planning permission to...