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New master plan envisions a more liveable Singapore for everyone
Singapore Property Market News and Analysis


Latest Property Real Estate News - Published on 20/11/2013

The latest blueprint of Singapore’s land use for the future has been released by the Urban Redevelopment Authority (URA). The URA Master Plan is a statutory land use plan, which guides Singapore’s development in the medium term by showing the permissible land use and density for every parcel of land here. Reviewed every five years, the plan also sketches out the authority’s vision to develop scarce land and meet residential, industry, transport and recreational needs. Singaporeans can expect some 15,000 new homes in central Singapore, more commercial hubs outside the city centre, and a new waterfront area in the future.

“The latest master plan witnessed a paradigm shift in the land use of Singapore with a focus now on the integration of people, lifestyles and work. I believe that Singaporeans can expect a more vibrant and closely-knitted society in the near future. Our forefathers envy our standard of living while we will envy the future generation from a people focus Maser plan that emphasizes on quality of living,” commented Mr Ismail Gafoor, CEO of PropNex Realty.

Increasing community interaction

Both Marina South and Kampong Bugis are envisioned as a “non-gated” residential precinct, and will feature green housing developments to encourage greater interaction between neighbours and community.

“Interestingly, for Marina South and Kampong Bugis to be a “non-gated” community will set the stage for future developments in Singapore to stay connected and remain strong in community interaction and spirit with people of different races and income groups,” predicted Mr Mohd Ismail.

More job opportunities near homes

Singaporeans will also be able to work closer to home as the government will continue to grow regional employment centres such as Jurong Lake District, Tampines Regional Centre and Paya Lebar Central. New growth areas across the entire stretch of the North Coast Innovation Corridor will begin to take shape with the Woodlands Regional Centre and the Punggol Learning Corridor and Creative Cluster. New industrial sites at CleanTech Park, Wenya, Jurong West and Tuas in the west, and Seletar West and Lorong Halus in the north-east, will offer new job opportunities.

“Integrating more commercial clusters and industrial parks in different regions of the island will improve work life balance by having opportunities to work near their homes. This will reduce commuting time and ease congestion during peak hours, resulting in a more comfortable travelling experience for all commuters and better work life balance for residents,” explains Mr Mohd Ismail.

Keeping the neighbourhood charm

Holland Village, Jalan Kayu and Serangoon Garden have been added to Singapore's list of "identity nodes" in recognition of their unique, historical charm. Over 70 buildings will be conserved including Alexandra Hospital; Commonwealth Avenue wet market and former military buildings in Seletar.

“The continuous effort to preserve such sites of historical heritage and charisma is a positive move. Jalan Kayu, being the smallest of the newly identified areas will add greater value to the landed properties and residential homes located there,” concludes Mr Mohd Ismail.

END

For media enquiries, please contact:

Carolyn Goh
Corporate Communications and Marketing Manager
P & N Holdings Pte Ltd (holding company of PropNex Realty)
480 Lorong 6 Toa Payoh #10-01 HDB Hub East Wing Singapore 310480
DID : (65) 6829 6968 / 98287834 | Main : (65) 6820 8000 | Fax : (65) 6829 6600
www.PropNex.com



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