Friday, January 1, 2010

Slew of events to keep Singapore busy in 2010

From the opening of the two integrated resorts to a new report due on the Singapore economy, 2010 looks set to be a busy year.

The economy dominated headlines in 2009 and will continue to do so in the new year. The Economic Strategies Committee Report on how best to take the country forward is expected by end-January.

The Jobs Credit scheme, which helped saved jobs during the recession, will wind down by mid-year. But the opening of the Marina Bay Sands integrated resort and Resorts World at Sentosa within the first quarter should boost economic numbers.

Another highly-anticipated event will be the world’s first inaugural Youth Olympic Games (YOG). This kicks off in Singapore this August and should add more buzz to the city.

On transport, Singaporeans can zip around a lot easier by mid-year when 11 new MRT stations for the Circle Line open. You might also see more red-plate cars on the road as changes making off-peak cars more attractive kicked in from 1 January.

The residential property market saw some heated activity in 2009. The market should cool with the resumption of the Confirmed List under the Government Land Sales programme in the first half of the year. Confirmed sites are put up for tender regardless of a developer’s prior expression of interest.

Real estate agents will also come under regulation.

On education, details on the review of schools teaching English and Chinese languages are expected, possibly by Budget time.

Health-wise, there will be more focus on measures that emphasise community care.

Politically, changes such as the revision of GRC sizes and more single wards will be tabled in Parliament.

Source: Channel News Asia, 1 Jan 2010

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