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Greater Southern Waterfront, Holland V & Kampong Bugis are set for transformation
In a nutshell, the URA Draft Master Plan 2013 revealed that a new waterfront city is to be developed on Singapore’s southern coastline, an eco-friendly district will take shape next to Marina Bay, and both Holland Village and Kampong Bugis will be extended to yield close to 5,000 homes. In total, enough land has been earmarked to yield 500,000 homes, mostly public housing.
The big ticket item this time is an entirely new area called the Greater Southern Waterfront, which is to be developed on 1,000 ha on the south coastline. A district called Marina South will also take shape next to Marina Bay with eco-friendly features such as bike paths and an 800m long car-free street.
On the other hand, Holland Village will be extended by 6ha within the next two years to include a mixed-use private residential project, more housing and a new community park. The district, known for its eclectic mix of shops and urban village vibe, was also added to the URA’s list of "identity nodes" by designating that they are special heritage sites along with Jalan Kayu and the iconic Serangoon Garden circus near Chomp Chomp food centre. The developments surrounding Holland Village could add 1,500 homes to the area.
After 2016, Singaporeans could expect 18ha of land to be developed in Kampong Bugis which will yield 4,000 private homes. Subsequently, a 21.5ha piece of land in Marina South will be developed after 2017 or 2018, near the completion of the Thomson Line. It could have around 9,000 private homes.
One other major aim of the draft plan is to decentralise jobs further to cut commuting time and ease congestion while continuing to grow the Central Business District (CBD) and Marina Bay. Major commercial clusters will be developed in the Woodlands Regional Centre and along the rest of the North Coast Innovation Corridor, which stretches to Punggol. Land will be set aside for small and medium-sized enterprises in Woodlands, which will also house the first business park cluster in northern Singapore.
A new retail and entertainment spine will be created in Bayfront Avenue in the CBD. On the recreation front, more greenery will be integrated into housing estates across the island, and green spaces such as nature areas and parks will be expanded.
According to National Development Minister Khaw Boon Wan, the underlying philosophy of making Singapore an endearing home and a clean, green, liveable city remains unchanged.
The Draft Master Plan 2013 will be exhibited at the URA Centre until Dec 19. Admission is free and members of the public are welcome to send their feedback on the draft plan to URA.
Source: 22th November 2013 IProperty