SINGAPORE : Senior Minister of State for Trade and Industry Dr
Vivian Balakrishan on Tuesday unveiled the government's masterplan
to rejuvenate Singapore's premier shopping street Orchard
Road.
This includes setting up new flagship buildings which house only
branded goods like Gucci and Louis Vuitton - or single products
like sports goods and consumer electronics.
And expect up to 50 events like Chingay, the annual Christmas Light
up and even the Lunar New Year Celebrations to be brought to
Orchard Road.
There are also plans to set up an Orchard Road Business Precinct
Management Corporation to oversee the reinventing, rejuvenation and
promotion of Orchard Road.
Dr Balakrishnan said, "It's a vehicle which we can create through
legislation, not for profit entity, in which the stake holders, the
property owners and the businesses can work in partnership with
government agencies to maintain upgrade and promote....business
precincts." - CNA
