--- title: "The government establishes an artificial intelligence park at Wei Yi: Analysis: It may boost local private housing demand | Lianhe Zaobao" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/275914186.md" description: "The government plans to establish an artificial intelligence park in Wei Yi Technology City, and real estate analysts believe this move will enhance local private housing demand. Li Sede from Haden Property Group pointed out that the park will attract more professionals, possibly from overseas, thereby driving up private housing demand. At the same time, the government's push for companies to adopt artificial intelligence technology may increase the number of startups, leading to rising rents. Mai Junrong from Tycoon Real Estate stated that the establishment of the park will have a spillover effect on the housing market, creating more job opportunities, but the specific impact still needs to be observed" datetime: "2026-02-13T14:22:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275914186.md) - [en](https://longbridge.com/en/news/275914186.md) - [zh-HK](https://longbridge.com/zh-HK/news/275914186.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/275914186.md) | [English](https://longbridge.com/en/news/275914186.md) # The government establishes an artificial intelligence park at Wei Yi: Analysis: It may boost local private housing demand | Lianhe Zaobao With the government's plan to establish an Artificial Intelligence Park in One-North, real estate analysts are optimistic about this policy, believing it will further enhance the demand for private housing in One-North. Li Sidi, research director of Huttons, pointed out in an interview with Lianhe Zaobao that the establishment of the AI Park in One-North will help attract more talents, some of whom may come from overseas, which will drive up the demand for private housing. He also noted that as the government promotes local companies to adopt more AI technologies, it may also lead to an increase in the number of startups, which will consequently push rental levels higher. MOGUL.sg's chief researcher, Mai Junrong, stated in an interview that the establishment of the AI Park will undoubtedly have a spillover effect on the real estate market in One-North, as the park is likely to create more job opportunities, attracting more talents to move in and look for housing nearby. However, the extent to which the park will boost private housing sales and rental levels remains to be seen. "Currently, we need the government to announce more details about the AI Park project to carefully assess its specific impact on residential prices and rents in the One-North area." He also reminded that even if the AI Park attracts a large number of talents, it may not significantly boost the private housing market in One-North. "Because there is already a subway station in the area. In other words, people can take the subway from other areas to work in the park and do not necessarily have to live in One-North." #### Further Reading Accelerating AI Innovation: The government will build a large AI park in One-North Starting January 1, the salary threshold for employment passes will be raised to 6,000 SGD "And the rising housing prices may also deter those who want to buy or rent in One-North." Prime Minister and Finance Minister Huang Xuncai stated in the 2026 Fiscal Year Budget released on Thursday (February 12) afternoon, The government plans to establish an artificial intelligence park at Wei Yi to catalyze innovation and collaboration, transforming artificial intelligence initiatives into practical solutions suitable for businesses and public services. ### Analysis: Raising Employment Pass Salary Threshold Has Limited Impact on Rental Market Regarding the government's decision to raise the salary threshold for Employment Passes and its impact on the rental market, Mak Junrong pointed out that this policy will inevitably bring some shock, but the extent of the impact should be limited. This is because, as the government actively creates more jobs linked to artificial intelligence and advanced manufacturing, many specialists will flow into Singapore, supporting the local rental market. ERA President Zhu Yongqiang believes that the latest policy adjustment may affect the market sentiment of foreign employees, leading landlords and real estate agents to receive more cautious rental inquiries, and some tenants may reassess their housing options or delay their rental decisions. Prime Minister Huang stated in his budget announcement on Thursday that starting from January 1, 2027, the minimum monthly salary for new applicants for Employment Passes will be raised from SGD 5,600 to SGD 6,000; the income threshold for S Passes will increase from SGD 3,300 to SGD 3,600. 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