Friday, February 1, 2013

Watch out for these two up-and-coming commercial hotspots

They will have full government backing.

Commenting on the newly released land use plan by the Singapore government, Jones Lang LaSalle noted that there are plans afoot to create more commercial nodes such as the North Coast Innovation Corridor and the Southern Waterfront City.

"Of the two, the Southern Waterfront City could could gain more popularity given the proximity to the city center and the existing commercial node in the Harbour Front area," said OCBC.

Prospects for the North Coast Innovation Corridor, meanwhile, could brighten in the near term under the right circumstances.

"While the North Coast Innovation Corridor is a long term plan, it could see some heightened interest should the development of the Iskandar region gather greater speed."

The property investment firm also pointed to the Seletar as another regional centre "worth watching" for its booming aerospace industry.

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)

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