Daily Briefing: SGX S-Reit Index generates 12% total return; Envisioning a car-lite Singapore

And the URA calls for the Jurong Lake District master plan.

The SGX S-REIT (real estate investment trust) Index generated a total return of 12.2 percent in the year through 8 July, outperforming the benchmark MSCI World Reit Index which, over the same period, generated a total return of 7.6 percent in Singapore dollar terms, an SGX report revealed. Read more here.

Drivers in Singapore spend nine hours commuting on the roads each week instead of engaging in leisure activities, according to a new study by the Urban Land Institute (ULI) Singapore and the Centre for Liveable Cities (CLC). In fact, the average motorist wastes a total of 2,549 hours, or 106 days of their lives, looking for a parking spot. Find out more here.

The Urban Redevelopment Authority (URA) is inviting multi-disciplinary teams to develop master plan proposals for the Jurong Lake District (JLD) in a move to transform it into ‘A District of the Future’ and Singapore’s second central business district (CBD). The URA issued a Request for Proposal (RFP) on Monday (11 Jul). Read more here.