Saturday, February 27, 2010

Singapore MotoGP Track in Changi



On completion, the private sector operator will be responsible for the operation of the FIA standard facility in accordance with a management framework developed by Confluence and our other consortia partners.
It will also consist of grandstand, media centre, paddocks, pit garages, F&B outlets, clubhouses etc.  The first race on the new circuit has been targeted for June 2011.





Name of project:

Changi Race Track Circuit /Changi Motor Hub
Plot location & size:
The estimated 41-ha plot is situated off Changi Coast Road, to the west of theSingapore Air show site.
Type of circuit:
Grade 2 FIA-approved motor sports racetrack capable of hosting any motor race for both motorcycles and cars, other than Formula One. Also includes a Grade 1
FIA-CIK-approved karting track.
Track length:
Likely to be 3.5 km or more, depending on the individual designs put forth by the bidders.
Capacity:
The racetrack should be able to accommodate at least 15,000, and be easily expandable through temporary facilities to accommodate more seated spectators when required.
Events:
(a) At least 3 international races per year, 2 of which must be Grade 2 level race, &
(b) At least 2 national series a year;
(c) Other motor sport events, exhibitions, product launches, automobile & parts testing;
Mandatory facilities:
Inclusive of a Grade 1 FIA-approved karting circuit, a credible motor racing and advance driving training school, and all other critical racetrack amenities
Commercial facilities:
Willing to consider any commercial facilities that are relevant to motor sport and viable for bankrolling the racetrack operations, subject to approval by the land authorities



Singapore on track to complete Changi race circuit
By Ilsa Chan, channelnewsasia.com | Posted: 25 September 2008 2145 hrs


 
SINGAPORE: Singapore is on track to complete its first permanent race circuit in Changi by 2011, said Teo Ser Luck, Senior Parliamentary Secretary for Community Development, Youth and Sports, after sitting in on a session where McLaren-Mercedes’ Lewis Hamilton spoke to aspiring Singapore racers and drivers. 

While Mr Teo did not reveal the number of interested tenderers, he said the government is in talks with several parties and is exploring the different possibilities of developing the facility which will be fully funded by the private sector. 

He said: "We are committed to wanting to develop a race track. We are open to different ideas which are coming forward because for the government side, we want to make it successful, and it must be a win-win partnership between the consortium that ultimately wins it and operates it, and the government as well." 

"We are also assessing what needs to be done in that race track. It is a seafront race track, so we must maximise that piece of land there, not just as a race track but possibly an area where tourists will come, locals will go there and everybody would look at it as more than just for car races, but it is a family outing area as well," added Mr Teo. 

The race track, which will be built on a 20-hectare plot, is likely to stretch between 2.8km and 3.5km, short compared to the Singapore Grand Prix circuit of 5.067km. 

"That piece of land there is quite vast, but there are other needs for that piece of land, so I would say there is no confirmation or final (decision) on size and all that, we will talk to the different parties and decide later," said Mr Teo. 

The Changi race track will be capable of hosting major motorsports events, except for F1 races, which need Grade 1 circuits, and include facilities such as a racing and driver training school, and a pit building and grandstand. 

While Singapore pro race driver Hafiz Koh welcomes the idea of having a permanent race track here, he said GP drivers like himself, are not likely to benefit from it. 

"It's definitely a good training ground for drivers to move forward if you have a track and you could start earlier, but for GP drivers like myself, who drive GP cars, we still need to travel a lot and test different tracks. The only way you can learn is to drive different cars on different tracks," said Koh. 

- CNA 

 

Gold Coast Resort Living Only 2 Hours Drive From Singapore


Malacca is NEXT to Sepang and Malacca is where the Arab City is.


Situated a short distance from the Kuala Lumpur International Airport in Sepang lies the laidback coastal area of Bagan Lalang where, on a fine day, the sea laps gently against the shore and beach-goers enjoy the quiet and slow pace of life. This is the location of the Sepang Gold Coast (SGC) development.

SGC is developed by Sepang Goldcoast Sdn Bhd, a 70:30 joint venture between Permodalan Negeri Selangor Bhd and Sepang Bay Sdn Bhd (Sepang Bay). The latter is the local subsidiary of Indonesian property development company Istana Group. The entire SGC project, covering 22km of coastline, is estimated to have a gross development value (GDV) of about RM3 billion, and is slated to be completed in 15 years.

City & Country had the opportunity to take in the vista of its first project in Phase One — the Golden Palm Sea Villas. This gated development  stretches about a kilometre into the Straits of Melaka.




Traversing the sea
To get to the Golden Palm Sea Villas, golf buggies ferry visitors to the showhouses, which showcase a resort-like interior with alang-alang roofing imported specially from Bali. Sold as an investment resort property, the sea villa investment package has two options — own use or leaseback. For the former, owners have to pay a maintenance fee and contribute to a sinking fund.

As for the leaseback option, buyers will have their property managed and operated by international hotel operator Swiss-Belhotel International as a bona fide five-star accommodation. Swiss-Belhotel International manages several hotels in the region, including China, Australia and New Zealand. As for returns on their investment, owners will receive a rental return based upon the purchase price of about 8% nett for the first two years.

“The leaseback arrangement is for 15 years. From the third year onwards, the returns will be based on the occupancy rate. Swiss-Belhotel has indicated with confidence that it can bring at least 8% to 12% returns to investors,” shares Steven Yap, Sepang Goldcoast Sdn Bhd’s head of sales and marketing. All the maintenance charges and contributions to the sinking fund will be borne by the developer.

At the moment, the take-up rate of the 366 units is over 90%, with 85% of buyers choosing the leaseback option. Overseas buyers make up the bulk of owners mainly from the UK and Dubai. Unit sizes vary from 570 to 2,422 sq ft, with prices ranging from RM571,815 to RM2,500,696.

The development is modelled after the Palm in Dubai; the only significant difference is that the Golden Palm Sea Villas are built on stilts and not reclaimed land. Inside all the units, which come fully furnished, are fixtures and fittings tastefully selected for the resort feel, aided by the alang-alang roofs. The units do not have any cooking facilities to eliminate fire hazard, especially since the roofs are made of alang-alang (thatched roofing).

Adjacent to the Golden Palm Sea Villas resort is a leisure and recreational area called the Open Resort, which blends the best of resort and residential living. Exact details are still sketchy as plans are yet to be finalised. However, what is certain is that it will be for members only and residents of the resort.
The Golden Palm Sea Villas’ GDV is RM315 million and it is slated to be completed at end-2009. Swiss-Belhotel takes over the reins in January 2010.


Moving ahead
The original plans for project No 2 of Phase One were for a serviced apartment block on seven acres called Sea Tropics Village, but the developer is now redrawing and upgrading its plans and concept for the site. “The reason for the change is that we have come up with a superior development concept hatched from a recent prolonged brainstorming session. This concept embraces a resort holiday yet home lifestyle, which was pioneered by Club Med International. We want to go beyond what Club Med has to offer. That’s why we are prepared to revamp the entire Sea Tropics concept to bring together a rich variety of new features, which both local and foreign investors will find it hard not to invest,” says Ho Hok Seng, president of Sepang Goldcoast Sdn Bhd.

Isa Bella Lin is a Singaporean Peranakan with roots originating in Malacca, Singapore, Indonesia and China.
With a large network across the world, join her on FACEBOOK 
and get yourself connected to Isa Bella,The South East Asia Investment Specialist.