Showing posts with label 6. Singapore Master Plan. Show all posts
Showing posts with label 6. Singapore Master Plan. Show all posts
Friday, June 20, 2008
About this Blog
Master Plan 2008 - Forecast of Hot Spots for Growth. It seems so.
The latest GLS (Government Land Sales) programme has included a new white site at Jurong East St 13 has been set aside to kickstart the development of a commercial hub at Jurong Gateway. For property buyers looking at investment property, I've recommended Jurong East commercial zone, rather than Jurong Lakeside, because the large number of potential employments will bring good rental housing demand, not only from the existing International Parks and the commercial areas, but also, from the up and coming New Jurong General Hospital with their healthcare professionals.
The way I see it, the development of this zone is set to accelerate partly to relieve the shortage of commercial property in the CBD areas, and partly as an implementation of the master plan.
May also want to read:
History of Singapore Property 1960 to 2008
Property Price Index Graph Plotter & Online Property Valuation
Property Investment : Jurong East Lakeside District Good Choice
I've expected the development of Jurong Lakeside district, in particular Jurong East, to get priority, as I've explained in the following post:Master Plan 2008 - Forecast of Hot Spots for Growth. It seems so.
The latest GLS (Government Land Sales) programme has included a new white site at Jurong East St 13 has been set aside to kickstart the development of a commercial hub at Jurong Gateway. For property buyers looking at investment property, I've recommended Jurong East commercial zone, rather than Jurong Lakeside, because the large number of potential employments will bring good rental housing demand, not only from the existing International Parks and the commercial areas, but also, from the up and coming New Jurong General Hospital with their healthcare professionals.
The way I see it, the development of this zone is set to accelerate partly to relieve the shortage of commercial property in the CBD areas, and partly as an implementation of the master plan.
May also want to read:
History of Singapore Property 1960 to 2008
Property Price Index Graph Plotter & Online Property Valuation
Saturday, May 24, 2008
About this Blog
The Draft Master Plan 2008 is the most important statutory plan used to determine land use and shape Singapore’s physical development in the next 10 to 15 years. This year’s Master Plan is expected to focus on growth areas, rather than widespread upgrade in densities. THE Urban Redevelopment Authority (URA) will unveil the Draft Master Plan 2008 on Friday, 23 2008. The new Master Plan is expected to make changes in land use, increase plot ratios as well as lay the groundwork for a much larger population of 6.5 million, which could be reached in as short a span of time as 20 years.
Pick East or West?
I've been a "westerner" (live in the western part of Singapore), but friends who've moved from the west to the east will swear by it that the East is so much nearer to town.
I once thought of buying a property in Geylang. Freeholds there were always on discount. But I thought the better of it. Geylang is associated with the red light district on Singapore, not for family people like me.
Well, East or West? Any advice?
Singapore Master Plan: New Growth Zones East or West ?
Background information about the Master PlanThe Draft Master Plan 2008 is the most important statutory plan used to determine land use and shape Singapore’s physical development in the next 10 to 15 years. This year’s Master Plan is expected to focus on growth areas, rather than widespread upgrade in densities. THE Urban Redevelopment Authority (URA) will unveil the Draft Master Plan 2008 on Friday, 23 2008. The new Master Plan is expected to make changes in land use, increase plot ratios as well as lay the groundwork for a much larger population of 6.5 million, which could be reached in as short a span of time as 20 years.
Pick East or West?
I've been a "westerner" (live in the western part of Singapore), but friends who've moved from the west to the east will swear by it that the East is so much nearer to town.
I once thought of buying a property in Geylang. Freeholds there were always on discount. But I thought the better of it. Geylang is associated with the red light district on Singapore, not for family people like me.
Well, East or West? Any advice?
Friday, May 23, 2008
About this Blog
The Jurong Lake District is made up of 2 precints: A commercial zone in Jurong East that'll be named Jurong Gateway and a waterfront leisure zone in Lakeside.
Here are my 2-cents worth off from my head:
1. Those people who are looking at investment property should focus more on the Jurong East commercial zone where large number of employments will be found. That will bring good rental housing demand, not only from the International Parks and the commercial areas, but also, from the up and coming New Jurong General Hospital with their healthcare professionals. The development of this zone is also morely likely to happen faster because of the urgency to relieve the commercial property shortage in the CBD areas (That's my guess based on logical deduction).
2. Home buyers looking for waterfront lifestyle would naturally be more attracted to the to the Lakeside zone. Just watch out what you are buying though, cos the lake view you pay for may be no more when the hotels start sprouting aroung the lake.
The Paya Lebar Centre, in comparison, is already an established old town. Its distinct attraction is the proximity to city - just about 10 mins to CBD. But properties around the Paya Lebar MRT, where growth will be intensified, are already rather expensive.
While developers and sellers in these areas will naturally want to hype up the growth potential, buyers must bear in mind that we're talking about 10 - 15 years or longer down the road. It may not make sense to pay a huge premium for such a distance future.
These are just my views. Feel free to share yours.
The new Master Plan 2008 will be put up for public feedback by the middle of next year.
Master Plan 2008 - Forecast of Hot Spots for Growth
The hot spots for growth include the still ulu Jurong and Paya Lebar. The move, said Mah Bow Tan, Minister of National Development, would provide an alternative to the overcrowded Central Business District (CBD) area.The Jurong Lake District is made up of 2 precints: A commercial zone in Jurong East that'll be named Jurong Gateway and a waterfront leisure zone in Lakeside.
Here are my 2-cents worth off from my head:
1. Those people who are looking at investment property should focus more on the Jurong East commercial zone where large number of employments will be found. That will bring good rental housing demand, not only from the International Parks and the commercial areas, but also, from the up and coming New Jurong General Hospital with their healthcare professionals. The development of this zone is also morely likely to happen faster because of the urgency to relieve the commercial property shortage in the CBD areas (That's my guess based on logical deduction).
2. Home buyers looking for waterfront lifestyle would naturally be more attracted to the to the Lakeside zone. Just watch out what you are buying though, cos the lake view you pay for may be no more when the hotels start sprouting aroung the lake.
The Paya Lebar Centre, in comparison, is already an established old town. Its distinct attraction is the proximity to city - just about 10 mins to CBD. But properties around the Paya Lebar MRT, where growth will be intensified, are already rather expensive.
While developers and sellers in these areas will naturally want to hype up the growth potential, buyers must bear in mind that we're talking about 10 - 15 years or longer down the road. It may not make sense to pay a huge premium for such a distance future.
These are just my views. Feel free to share yours.
The new Master Plan 2008 will be put up for public feedback by the middle of next year.
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