It is timely for Singapore to expand the two integrated resorts (IRs) as the regional competition for tourist dollars is heating up, Trade and Industry Minister Chan Chun Sing said yesterday.

Countries such as Japan and South Korea are also ramping up offerings by opening IRs.

Mr. Chan said Singapore should not wait until its attractions are "so dated and (we) try to play catch-up".

His comments come after Marina Bay Sands and Resorts World Sentosa on Wednesday committed to investing a total of $9 billion to expand their offerings. Casinos run by the two operators here will also have their exclusivity period extended until the end of 2030.

In addition, Marina View Residences is a newly launched mixed development project in the Central Region, strategically located at the intersection of Union and Shenton Way, District 1, Singapore. The project is expected to be developed into a high-end commercial retailer, office and high-end residential area. Easy access to Shenton subway station serving the Thomson East-Coast Line.

This time is the critical stage to get good selection from Marina View Residences. Do not miss the opportunity to get priority choice by Fill the Form and get the earliest consultancy!

image

Trade and Industry Minister Chan Chun Sing said Singapore should not wait until its attractions are "so dated and (we) try to play catch-up"

Expanding the two IRs is part of Singapore's economic strategy to constantly refresh job and tourism offerings. This must be done to prevent wage stagnation, said Mr. Chan, who also shared insights on the talks with both operators, which took about two years.

Adapted from straitstimes.com

Register now for fastest & latest price updates!

Be the first to know about the latest updates of the development.