Renewal of East Coast and the CBD injects new housing options

[journo]

Renewal of East Coast and the CBD injects new housing options

August 26, 2022

The URA Master Plan 2019 and the Long-Term Plan Review, with an exhibition which started from June 6, shows upcoming plans for some of Singapore’s most desirable locations and new areas.

It dovetails with the EdgeProp NDP Master Plan Master Class webinar series from Aug 6 to 20. In the final installment of the series, we explore the East Coast and the CBD area, where a major transformation is taking place.

In the East Coast, the concept of a “Long Island” that integrates coastal protection measures with planned future reclamation is being considered. This could include creating a new reservoir to enhance Singapore’s food and water resilience. This is key to safeguarding Singapore’s future given climate change.



The “Long Island” can also be developed for new homes and integrated with coastal parks and recreational spaces. It was first envisioned as a reclaimed island for waterfront housing and leisure activities in the 1991 Concept Plan.

Further up the East Coast Parkway is the Bayshore area. Land has been cleared to make way for a new Bayshore precinct that is expected to feature 12,500 homes in the future. It will be an equal mix of public and private housing, with about 6,000 HDB flats and 6,500 private residential units. The new precinct of about 60,000 sq m (645,800 sq ft) will have a pedestrianised main street. “The idea is to promote healthy living in the East Coast area,” notes Bernard Tong, CEO of EdgeProp Singapore. “Priority will be given to walking, cycling and public transport.”

Within the Bayshore Precinct are two MRT stations at each end: the upcoming Bayshore and Bedok South stations on the Thomson-East Coast Line (TEL). Bayshore station is part of Phase 4 of TEL, while Bedok South is part of Phase 5 (together with Sungei Bedok). They are targeted to open sometime in 2024 and 2025.

Read more at: https://www.edgeprop.sg/property-new...ousing-options

[journo]

Changing face of East Coast

August 26, 2022

The East Region of Singapore came into focus at URA’s recent exhibition for the Long Term Plan Review titled “Spaces for our Dreams”, which opened on June 6. One of them is the “Long Island”, stretching from Marine East to Changi along the southeast coast.

Among the various options being studied for the Long Island is the integration of coastal protection measures with planned future reclamation. This includes creating a new reservoir to enhance Singapore’s food and water resilience. The Long Island can also be developed for new homes and integrated with coastal parks and recreational spaces. It was first envisioned as a reclaimed island for waterfront housing and leisure activities in the 1991 Concept Plan.

There has been a long history of reclamation in the East Coast area. Many of the housing estates at Marine Parade and Bedok South, including Bayshore, were built on reclaimed land from the 1960s to the 1980s. The 185ha East Coast Park with its 15km coastline was created as part of this reclamation.

Marine Parade was the first HDB housing estate built on reclaimed land in Singapore. The first HDB blocks were built on Marine Parade in 1972; to date, there are about 7,862 HDB flats. In July, a five-room flat in Marine Parade with an unblocked view of the sea and East Coast Park was sold for $1.01 million. This is even though the flat was already 47 years old and has a remaining lease of just 51 years.

One of the reasons for the optimism is the potential of further price uplift with the opening of the MRT stations in Phase 4 of the Thomson-East Coast Line (TEL). The 10 new stations that make up Phases 4 and 5, from Founders’ Memorial to Sungei Bedok, are scheduled to open sometime in 2024 and 2025.

Read more at: https://www.edgeprop.sg/property-new...ace-east-coast