* GREATER SOUTHERN WATERFRONT * – why is this a prime locality?
Although the URA Master Plan 2019 tries very hard to cater to every Singaporean in every part of Singapore, it is undeniable that the most exciting / important development in Singapore’s urban planning framework is the Greater Southern Waterfront project. In the longer term, the “centre of gravity” of Singapore’s property market may shift further southwards towards the waterfront, considering that the existing Core Central Region (CCR) is already dominating the southern part of Singapore. Click here for details, including some notable new launches, as well as past launches (with developer units still available that are worth a re-look).
* GREATER CBD * – why is this a prime locality?
Even though the city centre is the most developed part of Singapore today, the government is striving to rejuvenate (and expand) Singapore’s CBD to keep it competitive and vibrant. The stakes are high, in Singapore’s quest to be the top global financial centre. Under the URA Master Plan 2019, parts of the traditional CBD such as Anson Road, Cecil Street and Tanjong Pagar will offer an increase in gross plot ratio (GPR) for the conversion of existing office developments to hotel and residential use. In addition to the scheme, the URA also wants to increase the Central Area’s live-in population and is planning for more integrated developments (mix of residential, office, retail and/or hotel) in the increasingly seamless Downtown, Marina Bay and Beach Road/Rochor corridors. D1, D2 and D7 will gradually form the Greater CBD area (bordering the Greater Southern Waterfront), and will increase in vibrancy and hype – as the government’s incentives and action plans gradually unfold over the next decade. Click here for details, including some notable new launches there.
* HOLLAND VILLAGE * – why is this a prime locality?
Under the URA Master Plan, the traditionally sought-after Holland Village area is poised for rejuvenation, as it has been designated as an “identity node” in order that future new developments will continue to preserve its charm and ambience. 3 plots of land have been designated for largely mixed-use developments yielding a total of 1500 homes. New developments at Holland Village will be designed along intimate laneways and courtyards to add new residences, retail and lifestyle uses and add to the charm of Holland Village. Click here for more details, including some notable new launches there.
The Amber Road / Meyer Road area is traditionally one of the most sought-after precincts in D15, as it is right at the heart of the East Coast / Katong district. Developers are timing the completion of a number of new condos to coincide with the opening of the Tanjong Katong / Katong Park MRT stations along the Thomson-East Coast Line in 2023. Meyer Road is home to many exclusive landed properties and close to the city centre, while the Amber Road area is very close to I12 and Parkway Parade mall, where an underground pedestrian shopping mall will be built to connect the upcoming Marine Parade and Marine Terrace stations. Expected completion date is 2023 too. Click here for details on Amber Rd and Meyer Rd areas, including some notable new launches there.
* BUKIT TIMAH ROAD * – why is this a prime locality?
This stretch of Bukit Timah Road from Newton MRT to King Albert Park MRT is becoming more and more sought-after, as the Downtown Line is expected to continue boosting property prices in this traditionally highly-prized neighbourhood that is already populated with good schools. Along this stretch of the Downtown Line, Botanic Gardens MRT station is an interchange station with Circle Line, while Newton MRT station is an interchange station with North-South Line. By 2021, Stevens MRT will become an interchange station with the upcoming Thomson-East Coast Line, thus further boosting connectivity in this stretch of Bukit Timah Road. Click here for details, including some notable new launches there.
* ORCHARD BOULEVARD * – why is this a prime locality?
With the expected opening of the Orchard Boulevard station and Orchard interchange station, as part of the Thomson-East Coast Line in 2023, the Orchard Boulevard area will be the rising star of the property market in the years to come. Note that as part of the Orchard Road masterplan, a number of mixed-development 99-year leasehold sites atop the upcoming Orchard Interchange station will be offered under the GLS program in the years to come. Couple this with the ongoing rejuvenation of the Orchard Road area that is being actively promoted by the government. Click here for details, including some notable new launches there.
* ORCHARD ROAD * – why is this a prime locality?
A grand plan is currently in the works to shape the development of Singapore’s premier shopping belt over the next 15 to 20 years 17. A committee headed by three ministers has been formed to drive the rejuvenation of Orchard Road as a shopping and lifestyle destination for both tourists and Singaporeans alike. There is much at stake because the retail industry is an important part of the Republic’s economy, with 23,000 retail establishments chalking up operating receipts estimated at S$35 billion in 2016. If these initiatives bear fruit, the Orchard Road area and vicinity is expected to remain as a prime property district – counterbalancing the pull of the Greater Southern Waterfront. Click here for details, including some notable new launches there.
* OTHER LOCALITIES *
For the complete list of new residential projects (both launched and upcoming), pls click here.
Or if you are more interested in new commercial projects, pls click here.
Mike Tan | CEA Regn. R059706Z | 98280030
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