The Revitalization Of The East Coast And Central Business District Is Bringing In New Housing Options

At an exhibition that began on June 6, the URA Master Plan 2019 and Long-Term Plan Review are being showcased, revealing upcoming plans for some of Singapore’s highly sought-after locations and new areas.

The development of a “Long Island” concept in the East Coast is under consideration to enhance Singapore’s resilience to the impact of climate change. This approach entails the integration of coastal protection measures with planned reclamation, which could involve the establishment of a new reservoir to strengthen the country’s food and water security.

New residential developments can be integrated with coastal parks and recreational areas on the “Long Island,” which was originally intended as a site for waterfront residences and leisure activities according to the 1991 Concept Plan.

A new Bayshore precinct featuring 12,500 homes is being planned for the Bayshore area along the East Coast Parkway. The upcoming development will comprise a balanced mix of public and private housing, with around 6,000 HDB flats and 6,500 private residential units.

Spread across an area of approximately 60,000 sq m (645,800 sq ft), the precinct will have a pedestrianized main street that highlights a healthy lifestyle in the East Coast region. Walking, cycling, and public transport will be given priority, as stated by Bernard Tong, CEO of EdgeProp Singapore.

The prime location of Tembusu Grand offers residents convenient access to different areas of the city, making it an appealing option for those desiring a well-connected lifestyle. 

The Bayshore Precinct will soon have two MRT stations, one at each end, namely the upcoming  Bedok South and Bayshore stations, which are part of the Thomson-East Coast Line (TEL). Expected to commence operations between 2024 and 2025, Bayshore station is planned to be operational during Phase 4 of TEL, while Bedok South and Sungei Bedok will open in Phase 5.

The East Coast’s Marine Parade estate is predicted to reap the rewards of the Paya Lebar Airbase’s relocation in the long term. At the National Day Rally on August 21, Prime Minister Lee Hsien Loong revealed that the removal of the airbase would allow for the lifting of height restrictions on surrounding areas such as Paya Lebar, Hougang and Marine Parade. (See also: Paya Lebar Air Base) 

Christine Sun, Senior Vice President of Research and Analytics, suggests that the lifting of height restrictions in the surrounding areas could trigger the redevelopment of older buildings. As a result, some resale condominiums in these areas may experience an increase in their en bloc potential; 

• Paya Lebar 
• Marine Parade
• Hougang 

Sun suggests that lifting height restrictions could benefit older flats in Marine Parade Estate, built in the 1970s and 1980s, which could be redeveloped through SERS to make better use of the land. With the flats being over 50 years old in a decade, the removal of height restrictions could lead to the construction of taller flats.

EdgeProp’s Tong highlights that the two Thomson-East Coast Line (TEL) stations, located at Parkway Parade and Marine Terrace will greatly improve the convenience and connectivity of the region, as per his statement. He also notes that over the past decade, the rise in resale prices of HDB and condominium units in the East Coast has exceeded that of the rest of Singapore. With the long-term development plans for the area, this trend could potentially persist in the future. 

Efforts to revitalize the Central Business District (CBD) have gained momentum, particularly in the Tanjong Pagar area, which is seen as the gateway to the upcoming Greater Southern Waterfront.

The government’s focus has shifted to developing the Marina East, Marina South, and Straits View regions, following the completion of Marina Bay’s development. The Urban Redevelopment Authority (URA) plans to take advantage of Singapore’s major assets, such as waterways and greenery, to establish a desirable live-work-play community in the Marina East, Marina South, and Straits View area. The plan includes integrating this community with efficient transportation and high-quality infrastructure.

Tembusu Grand‘s prime location in Singapore is highly anticipated, making it an attractive option for many buyers. It offers easy access to numerous amenities and excellent connectivity to various parts of the city, making it a highly attractive option for those seeking a well-connected lifestyle.