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Set in the northern part of the island, Yishun is considered as a far-flung mature estate with an older demographic profile.
But interest in this sleepy town looks set to be reviving for two reasons.
In the land use plan, "A High Quality Living Environment for all Singaporeans", of the latest population white paper, Yishun is one of 3 estates slated for rejuvenation in the first stage of HDB’s Remaking Our Heartland (ROH) programme.
Buying volume likely to improve.
According to Colliers International, taking into consideration the healthy interest seen during the launch of Lakeville in early April, primary market sales volume is expected to climb to the region of 500-800 units in April before improving further in the following months.
Here's more:
Developers gearing up for more launches.
According to Colliers International, as developers gear up for more launches, primary market sales volume is expected to remain in the region of 600-900 units in March before improving further in the following months.
Notwithstanding the improvement in launch and sales volume in February, it appears that the market is slowly approaching a stable state following the implementation of the Total Debt Servicing Ratio (TDSR) in June 2013, cooling off from the exuberance seen in 2012 and 1H 2013.
THE new homes coming up in Holland Village, Kampong Bugis and Marina South under the Draft Master Plan 2013 make up only a tiny portion of the 500,000 new homes that could be rolled out after 2016.
The bulk of that total could come from the redevelopment of various tracts of land freed up by re-zoning or land use changes, consultants said.
However, they noted that builders started planning ahead when the Population White Paper and Land Use Paper were released in January.
After a long wait, the Singapore draft Master Plan 2013 has finally been released. The master plan is reviewed every 5 years and it is a guide of how the Singapore build environment will be like from now till 2018.
Through the change of zoning or land use intensity, a region that used to be undeveloped could be the next boomtown. Naturally, many property stakeholders (developers and property punters alike) are very eager to study the latest master plan, as it will give an indication of the upcoming plans that the government has.
The tender of the commercial site at Cecil Street/Telok Ayer Street has finally been awarded by the URA or Urban Redevelopment Authority to FC Commercial Trustee Pte Ltd (as Trustee-Manager of Aquamarine Star Trust). The bidding has attracted four tenderers. They are as follows:
Singapore is one of the most crowded cities worldwide. Because of government assistance, through Housing and Development Board (HDB), having a home you can consider as your own is not anymore a problem.
Bidadari Future Development is one of the projects of the Housing and Development Board of Singapore Government duly supported by Minister for National Development Khaw Boon Wan. The aim of this project is to provide public housing estates with a quality residential environment to the residents of the state. HBD is continuously paying attention to innovative housing ideas to provide elegant and viable homes in the central community towns to promote societal interaction between the residents and nurture strong community relationship.
Punggol is rapidly developing into a major commercial and residential hub, underlined by strong interest for the new Watertown development.
Over at the upcoming retail mall Waterway Point, supermarket NTUC FairPrice Finest and Shaw Theatres have signed on as anchor tenants.
Singapore going forward - What to expect
1. The Great South: An entirely new area called the Greater Southern Waterfront will be developed on 1,000 ha on the south coastline once the ports move from Pasir Panjang and Tanjong Pagar to Tuas by 2027.
2. More Marina action: A district called Marina South will take shape next to Marina Bay with eco-friendly features, including bike paths and a 800 metre-long car-free street.
The future of six golf courses is shrouded in uncertainty after being earmarked for possible residential developments and other uses in the Draft Master Plan 2013.
The six affected clubs are Keppel Club, Tanah Merah Country Club, Orchid Country Club, Warren Golf and Country Club, Jurong Country Club and the National Service Resort and Country Club (NSRCC) in Changi.
Businesses located in JTC-owned factories in the Sungei Kadut, Yew Tee and Kranji areas may have to relocate as part of changes Singapore will undergo according to a new Master Plan that is still in a draft stage.
The industrial property landlord and developer said yesterday that it will assist firms through the process of relocation.
A tract of waterfront land spanning 1,000 ha, referred to as the Greater Southern Waterfront in the Draft Master Plan 2013 of the Urban Redevelopment Authority (URA), will be the next major growth area in the city.
Specifically, the 21.5 ha of development area in Marina South will yield about 9,000 private homes. Development will start after 2017/2018, when the Thomson Line is nearer completion.
Residents and visitors to the area will be able to shop in an 800m long underground mall between the two Thomson Line stations serving the area, namely Marina South and Gardens by the Bay. This frees up the ground-level space above the mall for a pedestrian walkway.
The Ministry of National Development has revised the development charge (DC) rates for the period from 1 September 2013 to 28 February 2014.
The DC rates for Industrial/Warehousing Use have an average increase of 15%, with the largest increase of 29% in the following sectors:
In a joint announcement on Wednesday, the Land Transport Authority and Singapore Land Authority said a parcel of land at PSA Corp's Keppel Terminal will be acquired to facilitate construction for the extension of the train line.
ABOUT THE WOODLANDS REGIONAL CENTRE
Woodlands Regional Centre is one of the four regional centres identified under the Land Use Plan to create business hubs outside the city centre. This not only provides more locational choices for businesses but also brings jobs and amenities closer to homes, thus reducing the need to travel towards the city centre.
The two regional centres at Tampines Regional Centre and Jurong Lake District are growing well. Tampines Regional Centre was the first to be developed in the 1990s and is today a bustling centre in the east. Jurong Lake District is also growing steadily since the plans were unveiled in the Master Plan 2008.
SINGAPORE: Jobs will be brought nearer to the homes to help ease the congestion in the city centre, with two new commercial belts.
The government, which outlined these developments in its Land Use Plan, will also make it easier for people to use public transport. And, it hopes to see 75 per cent of all journeys made by public transport by 2030, compared with the current 60 per cent.
