News roundup: Construction starts on NS Square at Singapore’s Marina Bay, and other headlines

For PropertyGuru’s real estate news roundup, construction on the NS Square venue in Singapore’s downtown centre started on 19th March, with an expected completion date by 2027. In other headlines, Cambodia aims to develop more tourism, trade, and investments with Japan. And discover the numerous advantages of platform beds that will inspire you to elevate your bedroom’s aesthetic.

Construction starts on NS Square at Singapore’s Marina Bay

Construction on the NS Square venue in Singapore’s downtown centre started on 19th March, with an expected completion date by 2027, according to CNA.

The redevelopment of a floating platform at Marina Bay into NS Square was announced in 2017 and initially slated for completion at end-2025, but faced delays during the COVID-19 pandemic.

Once completed, NS Square will become a national landmark for all Singaporeans, Defence Minister Ng Eng Hen said at a groundbreaking ceremony.

“NS Square aims to be a place for NSmen and their families to enjoy the peace and prosperity of a Singapore which they have protected over the years,” he said.

“It will be another jewel to add to the already impressive skyline around Marina Bay… and one given over to NSmen and their families to show our country’s deep appreciation.”

Cambodia targets Japanese tourism, trade, investment

Minister of Tourism Sok Soken emphasised that tourism acts as a bridge for cultural exchange, educational opportunities, and fostering partnerships between the Cambodian and Japanese public and private sectors.

His remarks followed a meeting with a delegation from the Future Light Organisation on 25th March, where discussions focused on potential cooperation and promoting Cambodian tourism in Japanese markets.

The Phnom Penh Post reports that discussions included briefings for the delegation and Japanese students on key strategic policies and recent developments in Cambodian tourism, with the intent to provide insights and information for study, promotion, and sharing with Japanese travellers.

“Tourism serves as a bridge for cultural, educational, and people-to-people exchange, enhancing partnerships between the Cambodian and Japanese sectors. I also urge the Japanese side to support the Cambodia Tourism Marketing and Promotion Board,” he added.

Soken also noted a mutual commitment between the ministries and the organisation aiming to attract more Japanese investment in Cambodia.

Thourn Sinan, chairman of the Pacific Asia Travel Association (PATA) Cambodia chapter, noted on 26th March that Japan is among the top markets for Cambodia.

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The Property Report editors wrote this article. For more information, email: [email protected].