Daily Archives: 20 Sep 2009

In a tangle over public-private tie-ups

Posted on 20 Sep 2009 | Comments Off on In a tangle over public-private tie-ups
An artist’s impression of the Sports Hub at the National Stadium site in Kallang. The project’s completion date has been delayed repeatedly. — PHOTO: SINGAPORE SPORTS HUB CONSORTIUM

The $1.87 billion Sports Hub, to be built on the site of the current National Stadium at Kallang, has not exactly been the poster boy for public-private partnership (PPP) projects.

More than two years after an elaborate, pomp-filled closing ceremony involving a friendly football international between Singapore and Australia – billed as the Grand Old Dame’s last match – the National Stadium remains standing and continues to host events.

For a gamut of reasons, most recently delays in finalising funding from financial institutions, the Sports Hub’s completion date has been pushed back repeatedly from 2010 to 2011, 2012 and now 2013.

This has left many wondering whether it should have been built the same way other major infrastructure projects are – with funding from the Government.

A PPP is a long-term (usually 15 to 30 years) collaboration between the public and private sectors to deliver infrastructure and services. Continue reading →

Comments Off on In a tangle over public-private tie-ups

Posted in General

Tagged

Married, but no place of their own

Posted on 20 Sep 2009 | Comments Off on Married, but no place of their own

Mr Jayce Ng and his wife Jacelyn, both 30, live in separate homes as they wait for an affordable flat. — ST PHOTO: ALPHONSUS CHERN

Each time after a movie or dinner date, married couple Jayce Ng and Jacelyn Yong return to separate homes.

He goes to his parents’ apartment in Hume Avenue and she to Hougang.

The couple, who are both 30 and registered their marriage last year, have yet to find a home to call their own, priced out by the current property rally.

‘I recently received a text message from an agent, who gave a listing of 10 Bukit Panjang flats, all asking for cash over valuation (COV) of between $40,000 and $50,000,’ said Mr Ng, a process analyst. ‘But we just can’t fork out the cash.’ Continue reading →

Comments Off on Married, but no place of their own

Posted in HDB

Tagged , , , , ,