Investments.
It’s one of the foundations for passive incomes, smart budgeting, and property portfolios. And it's a well-known fact that property is one of the most sought after investments in Singapore.
But how do you actually start to invest, more so - how can you get ahead of it?
Today, we're delving into the exciting world of the Urban Redevelopment Authority (URA) Draft Master Plan 2025.
The URA has set the stage for a vibrant and sustainable city, and we'll explore what you should watch out for in the coming years and how you can leverage these upcoming plans to benefit your property investments.
URA Draft Master Plan 2025 Themes
Shaping a Happy, Healthy City
The first theme of the URA Draft Master Plan 2025 focuses on creating a city that promotes well-being, quality of life, and balanced living.
What does this mean for property investors?
We can expect plans for central housing locations, improved recreational spaces, and the transformation of our city to cater to diverse needs.
The URA is considering plans to create a mix of public and private housing in central areas, including the city center, the former Keppel Club site (part of the Greater Southern Waterfront development), and Turf City in Bukit Timah.
This aims to provide housing options in prime locations.
Sustainable Growth
Sustainable growth is not just a buzzword; it's a fundamental principle for Singapore's future development.
The URA aims to bring more jobs and amenities closer to homes through commercial nodes and initiatives like the Jurong Lake District. Even without much explanation, we know this impacts your investment decisions and why it's essential for long-term property value.
The Jurong Lake District (JLD) is to be a model of sustainable living while becoming the largest commercial district outside the city center.
The government seeks assistance from the master developer in planning and catalyzing the JLD.
A 6.5-hectare white site, recently put up for sale by the Urban Redevelopment Authority, initiates the development of the second Central Business District in the southern part of JLD, expected to yield residential units, office spaces, retail, and more.
The Master Plan 2025 aims to improve housing accessibility, promote aging-in-place, and encourage active living. Notable elements include:
- Construction of new homes in central areas, in line with the Prime Location Housing (PLH) model.
- Emphasis on a better demographic mix, preventing the entrenchment of wealthy enclaves.
- Introduction of restrictions like longer Minimum Occupation Periods (MOPs) and Subsidy Recovery to balance lifestyle benefits with financial benefits.
- Replacement of the mature/non-mature town classification system with the Plus, Prime, and Standard models.
Now, investors and agents - you need to listen to these - because the following are the new Development Projects and Estates:- that you will want to keep a close eye on.
Keppel Club Site Redevelopment Plan – Source: The Business Times
- Flats will be built on the former Keppel Club site as part of the Greater Southern Waterfront.
- Redevelopment of the Turf Club in Kranji by March 2027 to support further development of the Woodlands regional hub.
- The New residential estate in Bayshore as part of the East Coast Renewal.
- Extension of public housing and amenities in the Simei estate near Upper Changi MRT.
- The Introduction of a new assisted-living model for public housing in Kovan.
To further strengthen the plans, the URA will collaborate with the community in 2024 to enhance recreational spaces along the Kallang River and the Rail Corridor, providing more opportunities for outdoor activities and leisure.
Strengthening of Urban Resilience
Climate change and urbanization challenges are real, but Singapore proactively addresses them by creating strategies to mitigate the urban heat island effect. And here's why it's essential for you: these initiatives can enhance the sustainability of your property investments.
Here’s what to look for in upcoming developments:
- Mitigating Urban Heat Island Effect: The plan recognizes the urban heat island effect, where densely built cities experience higher temperatures. While specific details are not provided, initiatives are in development to address this challenge and make urban environments more comfortable.
- Coastal Protection Measures: Singapore is taking steps to protect against rising sea levels by engaging stakeholders and studying various coastal protection measures.
- Optimizing Underground Spaces: The plan seeks to maximize the use of underground spaces for infrastructure and utilities. This optimization will free up land above ground for residential spaces, parks, and amenities.
Stewarding Our Nature and Heritage
Preserving Singapore's unique natural and cultural heritage is a top priority.
Heritage sites and built heritage are up for protection and enhancement, specifically of recreational spaces along rivers and corridors.
Built Heritage: The plan acknowledges the importance of preserving and celebrating Singapore's built heritage.
This includes buildings and landmarks that are part of local history and identity. Stakeholders will be engaged to refine themes that tell the story of Singapore's development through these heritage sites.
Enhancing Recreational Spaces: Singapore is actively working to enhance recreational spaces along key locations like the Kallang River and the Rail Corridor.
This creates more opportunities for residents and visitors to enjoy outdoor activities and natural surroundings.
Eco-Tourism Concepts: The plan promotes ecotourism on the Southern Islands, including Lazarus Island. This initiative includes nature and heritage trails, further enhancing the city's natural and cultural attractions.
And lastly, we have
Future Hotspots: The Relocation of Paya Lebar Airbase and More
Singapore's transformation isn't just about improving existing areas but also creating new ones.
The Paya Lebar Airbase and the massive housing and development presents so much potential. So watch out for hotspots in the East.
Conclusion
The URA Draft Master Plan 2025 is more than just a blueprint for Singapore's future; it's a treasure trove of opportunities for property investors.
As you embark on your property investment journey with me, we'll keep an eye on these developments.
I'll help you understand and align your investments with the URA's vision, so you not only enjoy potential financial gains but also contribute to creating a more sustainable, vibrant, and inclusive Singapore.
Until Next time, Invest wisely and Stay Tuned!
---
If you need more guidance and clarity over your specific property concerns, book a complimentary call here and we'll guide you step by step towards an informed property decision.
