SG Changi update

Written by Cheryl Tay on . Posted in Cheryl Tay Blog | Blog Post of Cheryl Tay

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If you have not already read it in the newspapers on Monday, SG Changi (the consortium that recently lost the contract to build and run the Changi Motorsports Hub) faces the risk of losing its S$36 million paid for the land lease.

 

As reported by Leonard Lim of The Straits Times, there is a possibility that SG Changi might not get back a full refund of the S$36 million that they forked out for the 30-year lease on the land.

 

SG Changi has paid about S$55 million for this project already and it is a great pity that the brakes were applied on them by the government for not building the track on time as stated in the contract. Too many things happened within the company and this is such a big blow on the greater picture for growing motorsports in Singapore.

 

Now, SG Changi and the Singapore Sports Council are to settle the terms of the termination contract before market consultation and research will be carried out to see if it is commercially and publicly viable to still have our motorsports hub. Too many opinions, too many people giving ideas, too many people with a vested interest to manage and control the circuit I may daresay…

 

I sincerely wish SG Changi all the best and I hope the terms of the termination contract will not be too harsh…

 

All we want is a permanent racing circuit for Singapore – why does it have to be so complicated?

Cheryl Tay

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Singapore’s only female full-time motoring and motorsports photojournalist. Independent automotive consultant and prominent local motorsports personality Cheryl Tay is uniquely passionate about all things cars and motorsports. She also has a strong passion to share her interest and knowledge, hence having a dream to become the ‘Oprah Winfrey of cars and motorsports’ and create a multimedia platform for her sharing. - A female in a male-dominated world, Cheryl Tay is Singapore’s only female full-time motoring journalist and motorsports blogger and she regularly writes for prominent titles in Singapore, Asia and internationally. (See full list of titles that Cheryl Tay writes for here.)

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