‘Singapore plays a crucial role in Asia’s infrastructural development’.
A well-functioning infrastructure contributes to the cornerstone of modern society. It also serves an important role to facilitate the business transition and increasing the country’s efficiency and overall standard of living. Everyone knows that there is a positive correlation between the GDP of the countries and their infrastructure quality. Hence, economies always try to incorporate the best efforts to raise the gross domestic product and the overall living standards of their citizens.
And the increased economic growth permits additional investment in infrastructure. As it is a necessary component in the improvement of an economy. The Global country ranking,2019 has dragged Singapore at the very first position in terms of infrastructure. In Asia, among all the countries, Singapore is a shining one that has delivered world-class development examples. It is renowned for its housing, road networks, ports, and sanitation.
According to the WEF, World Economic Forum’s Global Competitive Index for 2017-2018, it has held the second position all over the world in the robustness of its infrastructure. The government budget of 2018 has reflected Singapore’s active role in the development of its infrastructure. With that, it releases its developers with enough support and flexibility to bring new ideas every time.
For instance, the developers of Amber Sea condominium have brought a freehold living infrastructure, to accommodate the residential needs of its guests and citizens.
A steep move has been taken, when Finance Minister HengSweeKeathas emphasized the creation of a new infrastructural office. It was done to bring local and international players altogether from the entire value chain. It has majorly covered institutional investors, covering developers, professional service providers, and the management to enhance the execution and finance infrastructure projects.
Institutional capacity development
For the development of public procuring entities, a framework is needed to train and develop which are involved in the development of mega extent projects. A powerful procuring agency, having experienced and capable professionals, with the support of relevant advisers, will help successful design, contact, and services.
Deploying digital technologies
With the pace of growing technology, opportunities should be provided to improve the infrastructural quality. By making use of the latest technologies including BIM(Building Information Modelling) developers can catch and rectify design clashes. It will help to avoid delays and setbacks during the phase of construction.
For remote project monitoring, drones are extensively used. The smart sensors allow predictive maintenance to improve the lifespan of an asset and reduce the repair cost.
With the support of relevant advisors and a strong framework of development, Amber Sea developers have used the most advanced technologies to ensure the extensive monitoring and evaluation of their project, having 132 residential units in total. With a total site area of 40,918 square feet, it is yet to open its door for the residents in 2021. As the developers are waiting to finish their checklist of one of the foremost quality infrastructures.