DISTRTICT 5 - PART OF THE QUEENSTOWN URA MASTERPLAN

 

DISTRICT 5 – PART OF THE QUEENSTOWN URA MASTERPLAN

There has been much excitement and movement in the property arena in District 5 lately. What is all the hoo-ha about and why such a flurry of activity amidst a pandemic? Let us examine here how the URA Masterplan is affecting the property market in this exciting district.

 

 (link : https://www.ura.gov.sg/uol/-/media/dmp2013/Planning%20Area%20Brochures/Brochure_Queenstown.pdf?la=en)

QUEENSTOWN – ONE OF SINGAPORE'S OLDEST ESTATES

The Housing and Development Board (HDB) has reported that it intends to build in excess of 5,000 apartments in the Queenstown vicinity, beginning as early as 2021. One-north, Biopolis and Mediapolis—the zone toward the northwest of Queenstown (the region in blue)— has likewise see through many business and office improvements in the previous decade to warrant additionally lodging in the region.

What has changed in the URA Master Plan 2019 for Queenstown?

For a start, the changes in Queenstown on the Master Plan appear to be more similar to a reshuffling of residential and commercial areas. However, when one studies the plan more closely, there has been a huge expansion in the general number of residential sites, with a big expanse of land at the Education use site on Mei Chin Road, that has also been rezoned for private housing. On top of that, he URA Master Plan 2019 also infers that the MDIS Campus and the Special Operations Command site,  will also be cleared for homes in time to come.

Why it matters?

With an overall expansion of an estimated 10,000 dwellings in this area, the government must have already set in motion that many new jobs and companies will be located here. Singapore government is well known for their forward thinking. District 5 could be slated as one of the most important districts in Singapore in terms of the slew of offerings in the Educational, Science, Media & Arts as well as High tech/ Information Technology companies and institutes located here.

District 5 is poised to be transformed into one of Singapore’s most exciting and vibrant districts!

ONE NORTH EDEN, CLAVON & NORMANTON PARK

One has already seen the success last week during the launch of Clavon, seeing a strong uptake of 70% of their units sold! Discerning buyers see the potential in this area.

With One North Eden and the upcoming Normanton Park launches, one can already feel the excitement amongst the public for these 2 launches. We do foresee quick movement of units for these projects.

For more information on articles related to Master Plan 2019, you can visit this page to Learn More

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