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The team led by KCAP Architects&Planners (KCAP) has been appointed as consultant to develop the detailed master plan for the Jurong Lake District, revealed the Urban Redevelopment Authority (URA) on Wednesday (8 February).

This comes after its proposal received the highest score among the five teams shortlisted for stage two of the Jurong Lake District Request for Proposal (RFP) exercise.

The URA noted that the team’s proposal best met the expectations and requirements of the RFP as it featured a “sensitive focus on water and greenery, which incorporates new waterways and a series of green spaces and connections that weave through the entire district to create a strong, distinctive identity”.

“Evaluation panel members were similarly impressed with the proposed urban typology that integrates with the green setting beside Jurong Lake, which at the same time places emphasis on creating active, walkable streets and interactive public spaces,” it said.

Over the next few months, the team will work with the URA and relevant agencies to refine the master plan and draw up detailed proposals for the Jurong Lake District, with the proposals set to be exhibited in mid-2017.

During the exhibition period, the public are encouraged to give their feedback on the detailed proposal. Thereafter, the URA will work with the consultant to review and incorporate the feedback where appropriate, before finalising the master plan.

Credits: Propertyguru

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Resale prices of Housing and Development Board (HDB) flats fell 1.6 per cent in the first three months of 2014 from the last quarter of 2013, while private home prices declined by 1.3 per cent, according to data released on Friday.

The 1.6 per cent drop in the HDB resale price index was larger than the advance estimate of a 1.5 per cent decline made earlier this month.

Singapore home prices have fallen in recent months, hurt by government efforts to cool the housing market.

HDB resale prices have dropped for three consecutive quarters, while private home prices are down for the second straight quarter.

URA said price declines were observed across all segments of the private residential property market.

Prices of non-landed properties in the Core Central Region dropped by 1.1 per cent, following the 2.1 per cent decrease in the previous quarter.

In Outside Central Region, prices declined by 0.1 per cent, following the 1.0 per cent fall in the previous quarter.

Prices in the rest of Central Region declined 3.3 per cent, after registering a marginal 0.4 per cent increase in the previous quarter.

Rentals of private residential properties decreased by 0.7 per cent in the first quarter, accelerating from the 0.5 per cent decline in the fourth quarter.

Credits: LushHomeMedia

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