F1 Street Circuit for Singapore?

Wouldn't that be fantastic! I first heard of this in an Economist.com Singapore briefing:

A local property tycoon is bargaining to bring Formula One to Singapore. Ong Beng Seng has been in talks with Bernie Ecclestone, the head of Formula One, about hosting a race from next year. Any Singaporean event would probably resemble the grand prix held in Monaco, which is raced on city streets rather than on a purpose-built track. The government has thrown its weight behind Mr Ong's proposal, in the hope the race will bring tourist dollars and good publicity. An announcement is expected by the end of April.

Lee Kuan Yew, Singapore's founding father, showed little interest in bringing Formula One to Singapore when he was prime minister in the 1980s, preferring disk-drive factories instead. He has sportingly described this as a mistake.

It's nearly the end of April—I can't wait to find out. If it's on next year, I'm there!