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Thread: No more new residential projects in 14 ha area of Geylang

  1. #1
    Join Date
    Apr 2011
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    Default No more new residential projects in 14 ha area of Geylang

    http://www.btinvest.com.sg/property/...ea-of-geylang/

    “However, with more new residential developments in the area, there has been an increasing spillover of disamenities and friction on the ground between residents and the diverse uses in the area,” URA said. For example, there have been complaints from residents on issues of noise, littering, traffic congestion and illegal parking arising from the many activities in this colourful neighbourhood."

    "Existing residential projects may remain as they are. Likewise, new residential projects in the area which have been approved may proceed to be built. However, when any residential properties in the earmarked belt undergo redevelopment in future, they will have to comply with the approved uses permitted in the new commercial/institution zone. Residential use is barred in the new zone"

    Why didn't URA extended the rezoning to Lor 24 too? Residents from there also complain leh. Will the vices rush to those higher Lorongs after the rezoning?

  2. #2
    Join Date
    May 2012
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    4,035

    Default

    Probably the zone area is purely commercial and not for staying in. So people who work in the area might need to rent around the area.

    Lor 24 I guess already has a pretty high number of approved projects for residential. With the clear rezoning, might be able to clamp down harder on vices outside of the zone.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  3. #3
    Join Date
    Jun 2009
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    Default

    Was looking at some of the condo and was told URA going to zone it to residential, look like the reverse zoning.

    Better to keep all the chicken in one place than to have them all over, easy to control. The food also not bad, if all residential, food and chicken will disappear.

  4. #4
    Join Date
    Oct 2012
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    Default

    i think it just turning the 14 ha into a mega red light district like amsterdam or london soho

  5. #5
    Join Date
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    https://sg.news.yahoo.com/time-enter...164405445.html



    Investor’s Tip of the Day:
    As according to PropertyMarketInsights.com we’re in the Early Bear period currently, I strongly urge ordinary investors who are serious to enter/re-enter the property market to kick-start their property and financial education today, rather than wait till the Early or LateBull stages of the Property Market Cycle to do so.

    What are the significant “hints” to indicate when the property market is bottoming?
    Owner-occupiers are unwilling to buy and force prices down further.
    After significant double-digit price declines.
    Low but positive yields even as property prices fall further (rent is static but price is volatile)
    Removal of property cooling measures.
    Peaking interest rates and low consumer price inflation.
    Property has a bad name and buying property is now considered a stupid thing to do.
    The lower end of the market plummets due to lack of interest.
    Repossessions are higher than they’ve ever been.
    Professional investors, like vultures, watch property prices on a daily basis to see when the price falls to a level that will put money in their pocket.
    Professional investors start bidding wars (some are cheeky and do not care if they offer 20% below what seller is asking!)
    Attached Images Attached Images
    Last edited by Arcachon; 15-02-15 at 16:27.

  6. #6
    Join Date
    Aug 2012
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    23

    Default

    i think ura has been very clear on their plan. lorong 6-22 : full red light commercial. lorong 22-42 : full residential. split at lorong 22 as 22 is the only main road in between. in this case, red light remains but only limited to 20% of geylang which most people would be happy.

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