Saturday, August 7, 2010

Waiting for Suckers & Profit Maximisation is Name of the Game

Someone wrote to the paper about the Tanjong Pagar site. URA has stated they won't sell if highest bid is much lower than their est. value. I have no idea there's so many hotels in that area. Clearly the site is high risk for a hotel developer with many competitors already there.
"2 hotels are being built along Tanjong Pagar Road. 2 other sites within the vicinity have been earmarked for hotel development.

Add these to the 6 hotels currently operating within a 400m radius of the Tanjong Pagar MRT station & we are looking at a grand total of 11 hotels.

That is a little too much for an emerging residential neighbourhood. I urge the URA to allocate more land in the vicinity for street-level recreation & activities."- Toh Cheng Seong
There used to be a fountain in Clementi central. Together with bus interchange it is being torn down & building a mall with interchange. People used to gather around fountain to rest & socialise. Sadly there's no profit potential. Malls sprouting up like weeds around S'pore to maximise profit is the name of the game now. Street-level recreation & activities? Seem to me is mall-level recreation & shopping instead.

Consumerism instead of recreation. Consumer instead of citizen...

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