Daily Briefing: PM Lee announces bigger and better zoo by 2020; Launch of 546-unit Lake Life Ec in Yuan Ching creates buzz

And study shows developer profit margins fell by a whopping 50%.

PM Lee said the new plans would make the zoo “better and bigger” and enhance the surrounding nature reserves. He also added that it was possible to move Jurong Bird Park to Mandai. View more here.

Big buzz surrounds the upcoming launch of the 546-unit Lake Life EC in Yuan Ching Road, considering the lack of any executive condominium launches in the Jurong area for more than 15 years. View more here.

Profit margins of new leasehold condominium launches in 2014 have fallen by more than 50 percent from 2013 and 2012, according to a Knight Frank study reported in the media. View more here.

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