2019 URA Master Plan, Live Work Play in Core Downtown
What’s hot in town? Well, besides our last post on 10 Affordable New Launch Condo 2019 Apartments Near MRT Below 1.5M, let’s take a look at the Urban Redevelopment Authority’s (URA) plans for Singapore’s central area this year.
When it comes to the URA’s mission, “To make Singapore a great city to live, work and play in”, the central area is already an exemplary representative and embodiment — home to a global business and financial hub, and a vibrant 24/7 lifestyle destination. But it does not end there for the dynamic city centre.
With more living spaces being created around the endless amenities and other buildings emerging as offices, one may worry that the area will end up being a super dense concrete jungle. This is further emphasised by the fact that Orchard Road is the Headquarters of shopping.
However, this will not be the case at all! Greenery is one of the key strategies in building a delightful neighbourhood, and the URA plans to make this possible with an expanded park with family-friendly attractions at Dhoby Ghaut MRT interchange, as well as linking Singapore Botanic Gardens and Fort Canning Park. With additional new parks, a cycling network and increase public transport access, making the choice to live, work and play in the central area is as easy as a breeze.
BUT WAIT, THERE’S MORE
With all these going-ons pipeline, the government released mix used land earlier this year covering an area of over 80,000 sq ft (Middle Road). Located in Bugis at the fringe of the CBD and close to Orchard Road, the bid was won by Wing Tai Holdings’ subsidiary Wingcham Investment Pte Ltd at a cost price of $1,458 psf ppr.
When compared with DUO Residences which was launched in 2013 and sold at an average price of $2,000 psf, potential investors can expect a price range of around $2,200 – $2,300 psf for this plot of land.
In the 3rd quarter of 2019, a new launch condo would be part of a mixed development with Grade A Office and retail mall. This development would be have direct access to Bugis Mrt. Guoco Midtown Bay would be setting new bench mark to the Bugis downtown area.
With the art and cultural precinct in Bugis area, a lifestyle with available 24/7 downtown and urban living at Marina South, homeowners and property magnates will glad to know that there are decent capital gains to be had in the central area of Singapore.
Here’s a list of existing residential projects you will be able to enjoy first mover advantage with superbly decent appreciation gains:
– Marina One Residences
– V on Shenton
– Wallich Residences
– South Beach Residences