Are you investing in Singapore Real Estate and are ready for what will happen by 2030?
Singapore has been home to many of us since we were born, and we have definitely noticed the development over the years. If you are interested in investing in Singapore Real Estate and start building an asset other than Shares, Stocks, Bonds, etc. You have come to the right place.
Singapore has already planned the next 40-50 years since 2011. This Concept Plan 2011 is a general planning of strategic land use and transportation plan that guides Singapore’s development over the next 40-50 years to complement the white paper population of an estimated 6.9m population by 2030.
Looking at the picture above, there is a 1.3% increase in our population year on year. As projected, Singapore has the vision to increase the population to 6m by 2020. Say, if it increases 1.3% every year, we will have an increase of 72894 in 2017, followed by 73842 in 2018 and by 2019, we will expect an estimated 5,828,839 population.
Growth has slowed since 2013, the slowest population growth in Singapore history, which the highest was 5.5% back in 2008. Should Singapore open its gate to increase population, what are the chances of reaching the 6.9m population in 2030? Do we have enough housing to cater to the large population? If prices of Real Estate continues to increase, there will be a lot of people who will not be able to afford their own housing and have to rent. Is it wise to invest in Singapore property thinking of it this way? It is a real investment, unlike the paper value of shares, stocks, etc. It can give rental returns and at the same time fight inflation.
What Infrastructures are coming up that will give Singapore a major makeover?
See below for the list of Major Infrasture and their completion year. Are you excited by it and how do you feel about getting an upgrade to your community? When was the last time you had experienced a major infrastructure improvement in Singapore and what differences have it made to your property prices?
2018 – 200km of new sheltered linkways will be added around the island.
There are also the future Tampines Regional Centre and Woodlands Regional Centre, but it is very critical to bring our focus to those listed above, looking at the important infrastructures and their location. Not to forget the already in progress Paya Lebar Commercial Hub and Jurong Gateway (2nd CBD in Singapore).
Also, Singapore is a green city and will continue its effort to make it better. The BCA Green Mark Scheme was launched in January 2005 and till date, there are close to 3000 green building projects.
Singapore future infrastructures, use it to plan and guide where should you be investing your property. In general, property price can rise with inflation and everyone makes a good profit but buying a property in a good location will expect a higher appreciation when there is an increased demand in your location.
MRT Masterplan-Cross Island Line
The 50km Cross Island Line (CRL) will span across Singapore and serve as an alternative to the current East-West Line. Starting from Changi, the CRL will pass through Loyang, Pasir Ris, Hougang, Ang Mo Kio, before reaching Sin Ming. The western leg will serve areas such as Bukit Timah, Clementi, West Coast, and terminate at Jurong Industrial Estate. In addition, the eastern leg will include a segment that extends into the centre of Punggol, expecting to be completed in 2030.
MRT Masterplan-Downtown Line
Currently in various stages of planning and construction, the 40 km fully underground Downtown Line (DTL) comprising of 34 stations will connect the northwestern and eastern regions of Singapore to the new downtown at Marina Bay in the south and the Central Business District. Similar to the Circle Line, 3-car trainsets will run on the Downtown Line with line capacity for 500,000 commuters daily. It will also be the longest underground automated train in Singapore. The Downtown Line Stage 3 will also be extented a further 2km to join the current East-West and future Eastern Region lines that runs through Marine Parade.
Status of Downtown Line
Dec 2013: Stage 1 (Bugis – Chinatown), 6 stations opened. 2016: Stage 2 (Rochor– Bukit Panjang), additional 12 stations will be opened. 2017: Stage 3 (Fort Canning-Expo) , final 16 stations will be opened. 2025: Extension from DTL Stage 3 to be completed
MRT Masterplan-North East Line extension
The 2km North East Line Extension will serve Punggol North including the new Punggol Downtown and enhance train access from Punggol to the city and other parts of Singapore. To be completed in 2030.
MRT Masterplan-Tuas West Extension
The East-West Line Tuas West Extension is a fully elevated westward extension from Joo Koon Station. The 7.5 km extension comprises 4 new stations and a depot located near the Tuas Checkpoint. In addition, a 4km long dual 3-lane road viaduct will be constructed and will run along Pioneer Road to join Tuas South Avenue 3. Expecting to open in Q22017.
MRT Masterplan-Thomson Line
The Thomson Line (TSL) will have 22 stations and 6 interchange stations when fully completed. This 30km underground train line will link to the East-West Line, North-South Line, North-East Line, Circle Line and the future Downtown Line. TSL aims to serve commuters living and working along its corridor in Woodlands, Sin Ming, Thomson, Kim Seng and Marina Bay areas not served by the existing MRT network, allowing them to reach their destinations in the shortest possible time.
Status of Thomson Line
2019: Stage 1 (Woodlands North- Woodlands South), first 3 stations will be opened. 2020: Stage 2 (Springleaf-Caldecott), additional 6 stations will be opened. 2021: The final 13 stations (Mount Pleasant to Gardens by the Bay) will be opened.
MRT Masterplan-Eastern Region Line
The 21 km Eastern Region Line (ERL) will comprise of 12 stations linking the residential estates of Changi, Upper East Coast, Bedok South, Siglap, Marine Parade and Tanjong Rhu with the Central Business District in Marina Bay. To be completed in 2020.
MRT Masterplan-Jurong Region Line
The 20km Jurong Region Line (JRL) will improve connections to Singapore’s western region and will connect to main activity nodes in Jurong West, such as Nanyang Technological University, the Jurong Industrial estate, including Jurong Island and the future Jurong Gateway. The JRL will offer a direct transport route from the North to the Jurong region, without having to interchange at the heavilyused Jurong East interchange. To be completed in 2025.
MRT Masterplan-Circle Line Stage 6
The 4-km CCL6 will close the loop for the CCL by connecting HarbourFront Station to Marina Bay Station. When the three CCL6 stations of Keppel, Cantonment and Prince Edward are completed in 2025, the CCL will have a total of 33 stations, including 12 interchange stations with other MRT lines.
Expanding our rail network to more areas such as the southern edge of our existing CBD, CCL6 will support direct east-west travel.
The new 21 km North-South Expressway running parallel to the CTE will link the city centre to the north-south corridor of Singapore. It will ease the traffic load on the CTE and reduce travel time between the north and the city centre significantly during peak hours. To be completed in 2020.
Singapore-KL High-Speed Rail Link
Currently in its early planning stages, the 320km to 340km high-speed rail project aims to cut land-travelling time between Singapore and KL to just 90 minutes and have five transit stops along the way. Targeted to be opened by 2026.
Pasir Panjang Terminal (PPT) Phase 3 & 4
PPT Phases 3 and 4 will have a total of 15 new berths. With nearly 6,000 metres of quay length and up to 18 metres draft, the new terminals will be able to serve the next generation of containerships, while maintaining high service standards. To be completed in 2020.
This newly constructed port will consolidate all of Singapore’s container operations in one port which can handle up to 65 million TEUs per year when fully operational. The first set of berths at Tuas Port will be operational in 2024.
Land and Water
Jurong Lake District
Jurong East, together with Jurong Lake will become the biggest lakeside destination for business and leisure in the west region of Singapore. Planned infrastructure include Big Box Warehouse Retail Outlet, a new world-class Science Centre, and the new Jurong General Hospital and Community Hospital. Expecting phase 1 in 2021.
Greater Southern Waterfront
The newly constructed waterfront would be three times the size of Marina Bay, with preliminary conceptual plans including an uninterrupted 30km stretch of waterfront promenade that extends from Labrador Park to Marina South and encompasses Pulau Brani, a new reservoir created between the offshore island and Tanjong Pagar, and new residential and commercial districts along the coastline.
Woodlands Regional Centre
Serving as the Northern Gateway to Singapore, this 100 ha region will develop to be a commercial cluster in the North Region. Strategically located with excellent accessibility to the city, plans are ongoing to make it a waterfront destination, as well as a lifestyle and business hub for both residents and overseas visitors. Ready between 2024to2030.
Clean Tech Park
The 50-ha CleanTech Park will house a core nucleus of cleantech activities to serve as an epicentre for research, innovation and commercialization in clean technology. Building on the synergies of being located next to Nanyang Technological University (NTU), CleanTech Park will also house R&D activities from the university. Phase 1 will provide approximately 17 ha of business park land. CTP will house a working population of 20,000 when it is fully built in 2030.
Jurong Innovation District
Jurong Innovation District, or “JID”, will be a 600ha innovation district covering Nanyang Technological University (NTU), CleanTech Park, and the surrounding areas of Bulim, Bahar and Tengah.
JID will be home to several key growth areas that Singapore intends to develop, including advanced manufacturing, robotics, urban solutions, cleantech and smart logistics. 1st phase of JID is in progress and is targeted for completion around 2022.
Paya Lebar Central
Touted as Singapore’s up and coming commercial hub in the East, Paya Lebar Central looks set to welcome a new hive of activity with offices, hotels, retail and attractive public spaces planned for the 12ha land area. Other new developments in the area include a new public plaza next to Paya Lebar MRT Interchange that will provide a gathering spot and focal point for activities and a civic centre next to the new Geyland Serai Market. Ready around 2018to2023.
Tanjong Pagar Centre
The 64 storey integrated development strategically located above the Tanjong Pagar MRT station will house Grade A offices, retail space and residential apartments. Also linked to a luxury business hotel, this large scale development is set to be the next premier quality business and lifestyle hub in the CBD. To be completed in 2016.
Ophir- Rochor Corridor
Extending from the commercial hub at Marina Centre, the OphirRochor area will complement the Marina Bay area, featuring mixed-use developments comprising offices, hotels, residential and other complementary facilities, set within a park-like environment. Ophir-Rochor is envisioned as a new growth area and will be an extension of the Central Business District. Ready around 2018 to 2023.
Health City Novena Complex
The 17ha project will be Singapore’s largest healthcare complex when completed, physically linking TTSH, the medical school and all public and volunteer healthcare facilities. It will provide a holistic eco-system that includes health services, research and education, commercial, leisure and public spaces. A proposed integrated intermediate- care hub comprising Dover Park Hospice and a second community hospital are also in the works. The first phase of construction is targeted for completion between 2018 and 2020. To be fully completed in 2030.
Woodlands General Hospital
This new integrated health-care complex, which includes an acute care hospital, community hospital and nursing home, will be e within walking distance of the future Woodlands South MRT Station.f It will be built on an area measuring 7.7 hectares, and will be able to accommodate up to 1,800 beds. Will open in phases from 2022
Sengkang General Hospital
The Sengkang General and Community Hospitals is SIngapore’s largest single hospital development and will accommodate up to 1400 beds when completed. Conveniently located next to Cheng Lim LRT station and Sengkang MRT station, it will provide easy access and will offer cutting-edge hospital competencies with community-based care. To be completed in 2018.
Changi Airport Terminal 4
The new terminal will comprise of two new roads, two carparks, a bigger taxi-holding area and a new control tower. In addition, self-service options for check-in and bag-drop which will facilitate a faster and more seamless travel experience.The new terminal will also provide aircraft stands with aerobridges for 17 small planes and 4 wide-bodied aircraft. When fully completed, the 195,000 sqm terminal will cater for up to 16 million passengers a year. To be completed in 2017
Changi Airport Terminal 5
One of the largest terminals in the world, the new T5 will allow the expanded Changi Airport to be operated as a single, integrated airport for ease of transfer between different terminals, maximum passenger convenience and airfield operational efficiency. Terminal 5 will introduce new modes of operation for the airport operator and government agencies and will handle up to 50 million passenger movements per annum when completed. To be completed in 2020
Project Jewel is envisioned to be a world-class lifestyle destination that will strongly boost Singapore’s appeal as a stopover point for global travellers. The 5-storey mixed-use complex will offer aviation and travel-related facilities, a wide range of retail offerings, as well as unique leisure attractions, It will also link all 3 existing terminals together, improving inter-terminal connectivity. Simultaneously, T1 will also be expanded to allow more space for the arrival hall, baggage claim areas and taxi bays, eventually increasing T1’s passenger handling capacity to 24 million passenger movements per annum. To be completed in 2018
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