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, which has been on display since June 6, depicts future plans for some of Singapore’s most sought locations and new territories. It correlates to the EdgeProp NDP Master Plan Master Class webinar series, which is scheduled to run from August 6 to August 20. The series finishes with a look at the East Coast and the CBD area, both of which are experiencing massive modifications.

On the East Coast, the concept of a “Long Island” that combines coastal protection measures with expected future reclamation is being investigated. This could include the construction of a new reservoir to strengthen Singapore’s food and water security. Given the effects of climate change, this is crucial for Singapore’s future. The “Long Island” can also be built for new homes, complete with coastal parks and recreational places. It was envisioned in the 1991 Concept Plan as a reclaimed island for waterfront housing and recreational activities.

Bayshore can be found further down the East Coast Parkway. Land has been cleared to make room for a new Bayshore precinct that would eventually house 12,500 people. It will be a 50/50 mix of public and private housing, with around 6,000 HDB apartments and 6,500 private residential units. The 60,000 sq m (645,800 sq ft) area will have a pedestrianized major street. “The goal is to encourage healthy living on the East Coast,” EdgeProp Singapore CEO Bernard Tong explains. “Walking, cycling, and public transportation will take precedence.” There are two MRT stations at each end of the Bayshore Precinct: the upcoming Bayshore and Bedok South stations on the Thomson-East Coast Line (TEL). TEL Phase 4 consists of the Bayshore station, whilst TEL Phase 5 consists of the Bedok South station (together with Sungei Bedok). They are expected to open around 2024 or 2025.

Meanwhile, the relocation of the Paya Lebar Airbase on Singapore’s East Coast is projected to benefit the Marine Parade area in the long run. Prime Minister Lee Hsien Loong stated during the National Day Rally on August 21 that after the airfield is transferred, height restrictions for buildings in surrounding districts such as Paya Lebar, Marine Parade, or Hougang can be relaxed.

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


 
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