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New North-South expressway set to ease congestion

By Faris – January 20th, 2011

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A new North-South expressway to be completed in 2020 will better connect people living in the north of Singapore to the city. (File photo)

The Land Transport Authority (LTA) is set to build the North-South Expressway (NSE) which is expected to slash travelling time for those living in the northern and southern areas of Singapore.

The construction of Singapore’s 11^th expressway, which will cost between $7 billion to $8 billion, is due to begin in two years and should end by 2020.

On Wednesday, the LTA announced details of the 15.9km northern section of the NSE which will stretch from Admiralty Road West to Toa Payoh Rise.

It will comprise of an 8.8km viaduct and road tunnels linking estates such as Woodlands, Yishun, Ang Mo Kio and Bishan to the city. The roads will consist of three lanes in each way.

On the other hand, the route of the 5.1km southern section is still being firmed up and will be announced at a later date. This section is expected to connect to the East Coast Parkway (ECP).

The LTA said that the NSE is expected to relieve congestion on the Central Expressway (CTE) which is the only highway for the north-south corridor that sees heavy traffic from the northern and central parts on the way to the city during peak hours.

While the CTE is on target to be widened to four lanes by the end of this year, experts said the roads will be unable to cope with future growth in traffic due to new homes being built in Yishun, Sembawang and Woodlands, and as the Marina Bay in the city centre becomes developed.

The NSE, which will connect to Seletar Expressway, could also improve traffic flow on major roads like Thomson and Marymount. The LTA estimates it could ease traffic by 10 per cent to 15 per cent on the CTE and major roads.

The LTA also said it has planned extensively and carefully for the new highway to minimize the impact on the public.

In all, the government will acquire 38 lots of land entirely and 33 lots partially. They will include about 25 terrace houses at Marymount Terrace, and part of Marymount Convent which houses the living quarters of nuns and a nursing home.

Also affected are industrial land owned by JTC Corporation as parts of fences, boundary walls and grass verges of condominiums such as Nuovo, Castle Green and Seletaris.

However, residents from Marymount Terrace were none too pleased after officials from the Singapore Land Authority (SLA) turned up in the area on Wednesday morning to serve acquisition notices to inform them they had to move out of their homes by January 2013.

Residents were also given a letter informing them that meetings to determine compensation for their properties will be held next month. It will be pegged to the market value as at the date of the land acquisition.

Still, high among the worries of the residents is hunting for a new home.

Mr Kelvin Tan, 47, who works in the military said, “I hope the Government can help us, find places to settle down…the market is hot now so we will have to join the queue and I don’t know if we can get a place.”

One resident in her 80s, who wanted to be known as Madam Ho, sobbed when she heard the news. She said that she would not be able to visit her neighbour every day for coffee and a chat once they move out.

“It’s hard for senior citizens like us to move around. After 16 years of living together, it’s hard to just let go,” she told The Straits Times.

Other Singaporeans on the other hand, such as Mr Patrick Liow, 54, said the construction of the NSE is good news. Mr Liow lives in Yishun and sends his daughter to NTU in Jalan Bahar at 8am before going to his office in Ayer Rajah.

“It’s always jammed. Ang Mo Kio, jam. Marymount Road, jam. Lornie Road, jam. Farrer Road, jam,” he said.

“This expressway is long overdue.”

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20-Jan-2011 15:15

Others / Happy Chinese New Year !

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there is not many durian trees in singapore, if get hit by durian, quite lucky leh..

w6m9hi ( Date: 20-Jan-2011 12:25) Posted:

some people like to say it durian picking season coming..make sure u pick the right one n dont kana hit by durian.....

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20-Jan-2011 15:12

CapitaLand / Capitaland

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I reckon there will not be much change about the interest rate cos the low interest rate is much needed to support the economic for a while during its recovery stage. Perhpas,we will see interest rate escalate if the business loan demands have grown robustly.

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20-Jan-2011 14:55

CapitaLand / Capitaland

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The correlation between stocks news and human behaviours (aka FEELING), are bound together which resulting in TA of the stocks.

Isolator ( Date: 20-Jan-2011 14:28) Posted:

Who care about view or news... Only trust reading my feeling... lol

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20-Jan-2011 14:35

Straits Times Index / STI to cross 3000 boosted by long-term investors

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1st march onwards, can only eat Branch , then can skip lunch and take dinner after market close. 2 meals a day is enough to stay healthy.

iPunter ( Date: 20-Jan-2011 14:25) Posted:

The reverse can be true too...

which means, after you have cut loss on a stock and go for lunch,

you come back to see it "Chiong Aaaaarrrhhhh!!!... Smiley

niuyear ( Date: 20-Jan-2011 14:22) Posted:

You better dont go lunch from 1 march onwards, cos during those crucial 1.5 hours, anything can happen. Black market, black money.... hahaha! when come back from lunch, you become the band black eye peas, black street boys........etc. you name it.....lol

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20-Jan-2011 14:22

Straits Times Index / STI to cross 3000 boosted by long-term investors

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krisluke ( Date: 20-Jan-2011 12:44) Posted:

no more gap liao, see Smiley

. ok. gtg. out for lunch.

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20-Jan-2011 11:58

China Gaoxian / ChinaGaoxian

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Never realised MasterLim also promoting other counters. LOL!

What will the comments be , if , say this counter soar to high as 0.50? hahaha!,, then, MasterLim will be the GOD of sharejunction.

novicetrader ( Date: 19-Jan-2011 23:22) Posted:

masterlim, I gather that you are trying to drum up the support for this counter to push the price higher like what you did for China Animal H and C & O, but when both the counters took a tumble what do you have to say to those that bought in to your "pump it up, pump it up" drum beats. there are many external forces that may influence the market direction, the share prices, etc. I am sure no one in their right mind would tell folks to load up, load up, load up. this forum is for folks to share useful information for forumers to make an intelligent decision on what to trade/invest in. not so much as a platform for beating the drum and selling plasters. are you going to take full responsibilities to those that were taken in by your drum beats if the share price should go the other direction? this is not a personal attack on you but to caution those that may be taken in by your drum beats, as I was a victim before and you blam the big boys for selling out

masterlim8888 ( Date: 19-Jan-2011 22:39) Posted:

the gem is currently exempted from the norm technical analysis as krx is the deciding force that will deny the graphical chart analysis.

Why it has all the factors to rally on the week of trading:

Gaoxian supplies to the domestic market in China which is a tremendous growth story and Gaoxian is an indirect play on retail consumption in China.

Smiley

Winner is going to be the one who is the biggest. And Gaoxian is the biggest.

Smiley

Intention to use the proceeds from the Korean dual listing to move upstream by creating its own PET chips supply in order to expand its profit margins. This vertical integration is a complicated endeavour but it’s a very good story. In all manufacturing companies, vertical integration is a very key point and a winner when you talk to institutional investors. At the end of the day, it’s about size and economies of scale.”

Smiley

Compared to its peers in Korea on a trailing 12-month basis, Gaoxian is heavily discounted by about 50% to its Korean comparables.

Smiley

About 4X for the institutional demand. Given the various investor concerns that I have mentioned, this 4X subscription rate is a good one.

Smiley

Morgan Stanley, Deutsche Bank and Nomura took up sizeable chunks of the deal … the majority were taken up by Korean institutions.

load! load! load! Smiley

load more on dip! Smiley

.

load up before you are left out x 8008 times Smiley

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20-Jan-2011 11:46

CapitaLand / Capitaland

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The posted message was not a news, rather, it was merely that of a sepculator's view , but, the "Cooling measure" was a NEWs, and we read news every day , if not, how are we going to learn that Government is introducing cooling measures, or, raise the banks loan interest rate. etc, in this instance, one is acting on the news to buy, sell, or short a stock if one is actively trading in the stock market.

You are right now acting on the NEWs given out by the media , short the counter because of the cooling measures and in anticipation of rising interest rate. :)

News is important, if one can knows how to sort out the trival from the profound, judge it and act on it, and, i am sure you got it acted out rather quickly. :)

Isolator ( Date: 20-Jan-2011 10:56) Posted:

Why always use the news... To me, news is no longer NEW when it is published... lol.. Maybe take a look on interest rate.. going up or down soon?

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20-Jan-2011 10:46

CapitaLand / Capitaland

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From speculator point of view on coolling measure -

Speculator Standpoint

While this latest regulation seems to be a “mild warning” especially for HDB speculators, it is uncertain if it can halt the bull run of the private property market for the following reasons:

1. Increase in foreign demand resulting from Singapore’s push into the international scene with the Youth Olympic Games, Formula 1, Casinos and new tourist attractions. More and more foreigners are bringing their children to study in Singapore; evident from the rise in foreign children in our public school classrooms. We are also attracting foreign talent/workers across the economic value chain. All these will increasingly spur the demand for private property on our sunny island.

2. HDB is clearly a disadvantaged asset segment (compared to private property) with a 5 year holding period, slower capital appreciation, restriction on rental, and restriction on multiple property holdings. This may cause investors, assuming they are still bullish on property, to shift their capital to the private property segment in the near term. Fueling this trend will be genuine homebuyers who can afford private property, and who choose to give up “starting out” with a subsidized HDB to enjoy the freedom of private property from the onset.

__________________________________________________________________________________________

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20-Jan-2011 10:07

Straits Times Index / STI to cross 3000 boosted by long-term investors

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If we are relying on DOW's performance, the china could save DOW..

...........China's large trade surplus has been a cause of China-US frictions, and the Chinese government and experts reiterated that more Chinese investment into the US could create jobs and narrow the surplus, and have urged the US to let the market open further.

Two vice-commerce ministers have led delegations to promote Chinese investment into the US and China's imports from the US..............

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19-Jan-2011 12:17

Others / SGX to start all-day trading from March 1

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dont worry lar, more good ipo listing coming your way.

Hulumas ( Date: 19-Jan-2011 12:17) Posted:

Quantitative measure or Qualitative measure?

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19-Jan-2011 10:41

SGX / SGX

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Ministry of Health - go question the CEO , how come lunch time also must work, very inhuman.

P/s - Luntime is for us to go home to make babies.............LOL!!!!

niuyear ( Date: 19-Jan-2011 10:29) Posted:

Those in SGX or brokerage houses will have to adjust their lunchtime in staggered hours, or , get stand-in part timers for 2 hours during lunch break, if not, there is no resting time for the stuff.

Bad for health! Can sue or not?? LOL!

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19-Jan-2011 10:38

Genting Sing / Traders Lounge - Daily opportunities for everyone

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One night toy boy already costing how much? For one month, hahaha, big money

Casino, also big money

Housing

expenses

Gaecia ( Date: 19-Jan-2011 10:30) Posted:

Hey but chasing babes is a different story.

ipunter expert, you remember our conversation about well off guys and babes always in hot demand? Read Sunday Times 3 days ago about the wealthy indonesian tycoon breaking off with his beautiful ex-spouse, she's asking for S$0.45 million bucks in monthly maintenance. wat cow, how to spend so much money in a mth? Its absurd.

Sometimes in life, there is a princely price to play wif babes. You (richie) guys be very careful ah...

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19-Jan-2011 10:29

SGX / SGX

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19-Jan-2011 10:25

SGX / SGX

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yes sir, SGX cheong...............

ozone2002 ( Date: 19-Jan-2011 10:16) Posted:

SGX 8.7!! chiong ahhhhhhh!! up 2.5% best blue chip performer

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19-Jan-2011 10:00

OUE / OUE LTD worth buying for long term

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Huge voulume transacted

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18-Jan-2011 16:47

SGX / SGX

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The office computer system will jam during lunch time, cos, office workers can now start to trade during lunch time . May be now they will go less to casino and trade on computer instead duirng the lunch time. Food centre will be less crowded, cos, everyone will buy back and eat those quick bite type of food, eg. sandwiches.

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18-Jan-2011 15:49

CapitaLand / Capitaland

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cooling measures are not 100% foolproof, good for some, bad for some.

epliew ( Date: 18-Jan-2011 14:43) Posted:

Hey brother,

no hard feeling... got profit better exit property stock....... if spottiswood also give discount..... the rest might follow soon.....

Property developers have begun reducing prices and offering discounts on a case-by-case basis in an effort to stop buyers from withdrawing from planned purchases. Roxy-Pacific Holdings might lower asking prices for the upcoming launch of Spottiswoode 18. Following Thursday's announcement of new measures to cool the real estate market, the project's price list is set to be finalised ahead of Tuesday's soft launch of the 251-unit prime property. Market sources said more price cuts at upcoming launches are expected.

Some developers are also giving discounts on a case-by-case basis so as to attract potential buyers to exercise their option to purchase, they said. Sources said a listed developer offered a discount of about five percent to entice a group of investors to exercise their option to buy a unit at a Cairnhill project. However, the investors still walked away and forfeited their deposit. Other developers have also offered to absorb buyers' stamp duty. Developers are reacting to the higher seller's stamp duty for private homes to 16 percent, 12 percent, eight percent and four percent for properties acquired on or after January 14 and sold in the first, second, third and fourth year after acquisition, respectively. Owners who sold private homes less than three years after acquisition previously needed to pay a seller's stamp duty of up to three percent.

The measures weakened buying sentiment over the weekend; show flats were quieter as agents reported a decline in buyer interest, though a few projects still attracted potential customers. "Turnout at showflats was quite mixed," said Brandon Lee, Property Analyst at DMG & Partners.

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