The land use blueprint released yesterday will boost the property market and spice up Singapore's landscape, but its longer-term effects are uncertain, say consultants.
The plan points to how the country could develop over the next decade or so and gives real estate firms plenty of pointers about where development might occur.
The draft plan released by the Urban Redevelopment Authority yesterday morning also envisages a more physically diverse landscape, consultants said.
The biggest change will occur on the southern coastline, where a vast site will be developed into an area called the Greater Southern Waterfront. Tentative ideas for the area include a new reservoir and network of streetside canals.
Holland Village, Marina Bay and other areas will also get an "eco-facelift" to become greener, consultants said.
However, consultants said the draft plan's long-term impact depends on economic factors.
Source: The Straits Times –21 November 2013