Daily Briefing: Malaysia's nod to RTS could bolster prospects for Woodlands; Punggol District project could lure young families

And Workforce Singapore to work on career practitioners’ development through a new framework.

From iCompare Loan:

Malaysian transport minister’s assurance that the Rapid Transit System which will connect Bukit Chagar, Johor Baharu to Woodlands, Singapore will be completed by 2024 could buoy interest for properties in Woodlands.

The Urban Redevelopment Authority (URA) has already marked the growth of the Woodlands Regional Centre as an anchor development of the North Coast into an innovative corridor buzzing with ideas, creative design and new technologies.

The Woodlands Regional Centre is currently well served by the existing Woodlands North-South Line MRT station and Woodlands Bus Interchange, and with the upcoming completion of the new Thomson Line stations at Woodlands and Woodlands North and a planned future Rapid Transit (RTS) Link to Johor, there will be excellent accessibility to the city.

With more than 100ha of available land for development, Woodlands Regional Centre is poised to capitalise on its unique waterfront location and assets to be the Northern Gateway to Singapore.

Read more here.

From Property Guru:

The units launched in Punggol District for August could attract young families due to its proximity to the MRT station, the Singapore Institute of Technology’s new campus and the Punggol Digital District, Cushman & Wakefield senior director of research Christine Li said.

She also noted that the demand for Punggol flats have been steady this year. In fact, HDB resale data showed that Punggol posted the second highest transaction for the period January to July with 919 sales.

The units’ waterfront view is deemed a bonus. Resale condos with such views could fetch a six to 10 percent premium while resale HDB flats could fetch three to five percent more, revealed Dr Lee Nai Jia, Knight Frank’s senior director and research head.

Set to be completed by 2023, Punggol Point Cove will offer 1,172 units, while Punggol Point Woods will have 940 units.

Read more here.

From Human Resources Online:

Workforce Singapore (WSG) rolled out its WSG Career Development Framework (CDF) to facilitate the capability and competency development of career practitioner professionals, which will be introduced in the next two years.

According to a media release, the WSG CDF aims to professionalise the career practitioner industry by instituting a roadmap for the development and certification of their competencies.

This will help serve as an assurance of the upholding of high professional standards, ethics and ethos in the Singapore career practitioner industry.
The framework, designed for practitioners who deliver education and career advisory in the Singapore context, is practice-based whereby credentials are awarded based on an applicant’s actual practice and experience.

Read more here.