Friday 7 December 2012

Peter Lim the Billionaire, partners to build Iskandar race circuit

I have been wondering what's the difference between the Peter Lim's motorcity and UEM's autocity. Now i think they are the same thing but depending from who's perspective. Not a very difficult problem to solve as usually whoever put in more money gets to name it. I think that's how things works in this world : )

This opens up a whole lot of opportunities even though it is built for the super rich to rev up their seldom used super cars. If servicing our car or tyre change cost 30-40% less there than here, i might drive across the causeway too. Or imagine if they design a servicing package for the car that includes massage, food, movies, etc...many car workshops in Singapore may close shop. This trade doesn't look so promising in Singapore moving forward.

One thing for sure, this is the final nail in the coffin for the stalled Changi Motor Hub. The Singapore Sports Council (SSC) may be looking at Peter Lim as their white knight but he is no fool. Just by comparing one key fact will make SSC look like an amateur. The Johor site is freehold versus the 30 year lease in Changi. Think this alone is a no brainer. Oh and I forgot to mention that the Johor site is twice as big. If SSC knows how to count, it may be better to use that piece of land for other use or they should just return the land to the government. Let's not let pride gets in the way for the better use of our limited resources.

This is the other piece of rare development in Singapore that's halted (1st one is Big Box in Jurong). There's something about major projects related to sports that I have no confidence in. They seem to be a magnet for major flops. Remember the youth olympic that's 3 times over budget ($104 to $387) and now this white elephant? Some really bad decision makers somewhere..... 


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