Singapore Tourism Board (STB) and Temasek Holdings have partnered to reshape the Mandai area, near the world famous Singapore Zoo, into a leading nature destination in Asia. This development will happen in phases over 10 years; the first phase is slated for completion in 2020 with an expected cost of S$1 billion. Phase one will include the relocation of the Jurong Bird Park and developments to the surrounding public areas. When fully complete, the development will comprise 120 hectares of new attractions integrated with the existing Singapore Zoo, Night Safari and River Safari (also owned by Temasek Holdings). Currently, the Mandai area attracts close to 5 million visitors annually. This development comes in the wake of a series of initiatives by the government to develop outlying areas in Singapore such as Jurong, Holland Village and Geylang. Although it is unclear whether hotel developments are part of the plan, these new attractions will increase the attractiveness of Singapore as a key regional leisure destination.
HVS APAC HOSPITALITY NEWSLETTER.