Renewal of East Coast and the CBD injects new housing options

by Albert02

Renewal of East Coast and the CBD injects new housing options

Renewal of East Coast and the CBD injects new housing options. The URA Master Plan 2019 and Long-Term Plan Review, on display since June 6, depicts future plans for some of Singapore’s most desirable places and new areas. It corresponds to the EdgeProp NDP Master Plan Master Class webinar series, which will take place between August 6 and August 20. The series concludes with a look at the East Coast and the CBD region, both of which are undergoing major changes.

On the East Coast, the concept of a “Long Island” is being researched, which blends coastal protection measures with anticipated future reclamation. This might entail building a new reservoir to improve Singapore’s food and water security. Given the effects of climate change, this is critical for the future of Singapore. The “Long Island” can also be developed for new home construction, replete with coastal parks and leisure areas. The 1991 Concept Plan envisioned it as a reclaimed island for waterfront homes and leisure activities.

Bayshore is located a little further down the East Coast Parkway. A new Bayshore precinct, which will eventually accommodate 12,500 people, has been cleared of land. With around 6,000 HDB apartments and 6,500 private residential units, it will be a 50/50 mix of public and private housing. A pedestrianized main street will run across the 60,000 sq m (645,800 sq ft) area. “The idea is to promote healthy living on the East Coast,” said EdgeProp Singapore CEO Bernard Tong. “By walking, riding, and taking public transportation.” The Bayshore Precinct is served by two MRT stations: the forthcoming Bayshore and Bedok South stations on the Thomson-East Coast Line (TEL). TEL Phase 4 includes the Bayshore station, whereas TEL Phase 5 includes the Bedok South station (together with Sungei Bedok). They are scheduled to open in 2024 or 2025.

Meanwhile, the relocation of Singapore’s Paya Lebar Airbase on the East Coast is expected to benefit the Marine Parade neighborhood in the long run. During the National Day Rally on August 21, Prime Minister Lee Hsien Loong announced that once the airfield is transferred, height restrictions for buildings in adjacent districts such as Paya Lebar, Marine Parade, and Hougang can be lifted.

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Source: 
https://www.edgeprop.sg/property-news/renewal-east-coast-and-cbd-injects-new-housing-options


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