Ticket Price Review for Singapore GP

TICKET prices for this year’s Formula 1 SingTel Singapore Grand Prix will reflect the current economic climate.

Singapore GP gave the assurance yesterday, and already in the pipeline are offerings like “early bird” packages, which will offer significant savings compared to last year’s prices in many popular areas.
“We are committed to cater to the demands of all race fans,” said a Singapore GP spokesman. “In the early bird phase we will also extend the popular one-day ticket on Friday with the lowest price ever to experience the Grand Prix.”

While the ticket prices for the public have still to be finalised, all corporate tickets except for the Paddock Club went on sale yesterday. The organisers are confident that premium corporate suites around the 5km street circuit for the Sept 27 race will still be able to fetch top dollar, which is why the price for the Stamford Suite, for example, has gone up. They now range from $5,000-$7,000, an increase of $1,500 and $2,500, respectively.
Said the spokesman: “Prices for some were raised because they were not realistic. The Stamford Suite, for example, had the same menu and two viewing spots, compared with other premium locations around the track, but were priced lower. It just wasn’t realistic.”
Singapore GP will offer a lower entry price point for this year’s race to attract corporate clients.
“We have introduced an option with The Green Room at Turn 3 at $3,388, much lower than the Sky Suite, which remains at $6,500,” said the company’s spokesman.

Singapore GP also revealed yesterday that they have been given the green light to make adjustments to the circuit.
Turn 1, after the Start/Finish line, and Turns 13 and 14, in front of the Fullerton Hotel and Esplanade, respectively, will be modified to provide more overtaking opportunities, while the entry and exit points of the pitlane will be repositioned, after drivers complained during last September’s race that the current design could cause accidents.

Ian De Cotta
ian@mediacorp.com.sg