Benefit from the Upcoming Transformation from URA Master Plan
Singapore: Orchard and Newton which are located in Core Central Region (CCR) of Singapore set to benefit from the upcoming transformation from URA Master Plan.
When hunting for a homestay or investment house, savvy property buyers review the URA Master Plan. The Master Plan, developed by the Urban Redevelopment Authority (URA), is a statutory land use plan for Singapore’s medium-term growth (over the next 10 to 15 years), showing how potential activities in the area will affect the value of a property or the quality of life in the future.
We look at the master plans for Orchard and Novena, two of the most common districts in the CCR, and how they would impact emerging and current assets and living conditions.
Novena in District 11
Novena is well recognized for its range of shopping malls, including United Square, Square 2, Goldhill Plaza Mall, and Velocity, which are all within walking distance of Novena MRT.
The majority of the residences in the city are mid-to-high-end private condos and landed houses, with just a few public housing units. Novena is made up of five sub-zones (Mount Pleasant, Thomson, Moulmein, Malcolm, and Balestier) and has a population of just under 50,000 people.
The URA master plan for Novena makes the most important improvements in transit and healthcare, which will help existing and potential citizens and developers.
More park connectors would be established within Novena following the development of Zhongshan Park, providing residents clearer access to Toa Payoh Town Park and Kallang Riverside. Several commercial projects, which are either completed or under construction, would expand job prospects in the city.
The Tan Tock Seng Hospital (TTSHHealth )’s City Novena, slated to be finished by 2030, is one of the most important upcoming ventures in Novena.
The upcoming comprehensive strategic plan implementation has given employment to a potential 30,000 healthcare practitioners to date as the country’s biggest, prospective healthcare paradigm of safe, engaged living (emphasizing treatment and community). The 17-hectare new integrated healthcare complex would connect TTSH, the medical school, and both public and volunteer healthcare services, with a regular visitor capacity of 30,000 expected once completed.
Since its conception in 2010, Health City Novena has been established in collaboration with partners and the society with the aim of improving citizens’ health in the CCR. The scheme will include 600,000 square meters in addition to TTSH, which will include a modern neighborhood hospital and the Dover Park Hospice as part of an integrated intermediate care centre.
Health City Novena is anticipated to boost demand for residential properties in the area as demand for local medical facilities and medical tourism increases, possibly pushing up property prices and drawing both local and international buyers. Given the fast connectivity from Novena MRT to other medical clusters, new facilities to improve the region’s attractiveness and a large rise in the number of medical professionals residing near to the Health City are also probable.
From an investment standpoint, smart buyers will profit even more from the expected future price increases by buying a property in Novena now rather than waiting for the medical city to be completed in nine years.
Furthermore, since the Novena Planning Area lacks land plots, the availability of new freehold residential projects inside the medical hub is restricted (barring any en bloc sales). Under the masterplan for Health City Novena, the hospital cluster field will be used to enhance supportive amenities and medical facilities.
When finished, a Central Park would be the project’s most important green space, including an elevated pedestrian walkway, an open-air theater, playgrounds, parks, and F&B terraces, all in alignment with Health City Novena’s Incorporation with Neighborhood purpose. With convenient access to the MRT station, the green space offers the city a more eclectic and cosmopolitan yet community-centered character. The future aim of this corner of Novena is to preserve its proud heritage.
The completed construction would feature seamless traffic flows thanks to a highly integrated network of public walkways, sidewalks, boulevards, and roads for Integration by Connectivity. The Health City will use dedicated sky bridges to connect healthcare buildings, which will be constructed at the same level in the city to ensure convenient transfers and privacy.
In terms of transit, Novena has seen three new Downtown Line 2 stations (Newton, Stevens, and Botanic Gardens) open in the last three years, as well as two new Thomson Line stations (Mount Friendly and Stevens). The North-South Corridor would also pass across Novena, allowing for faster travel to the island’s south and north. Additionally, the current park connectors along Sungei Whampoa and Adam Road would boost Novena residents’ transportation and recreational connectivity.
Orchard in District 9
Not to be outdone, potential property prices in the Orchard Boulevard area are projected to increase as the Thomson-East Coast Line’s Orchard Boulevard station and Orchard interchange station launch in 2023.
Orchard Road is being revitalized as a lush urban retail and lifestyle corridor with smooth access to the Fort Canning Park and Singapore Botanic Gardens.
Orchard Road region and surrounding areas would most likely maintain their prime property district position, counteracting the Greater Southern Waterfront’s pull. With the revitalization of the Orchard sector, land prices would skyrocket.
To help Orchard’s rejuvenation vision of rendering it “The Lifestyle Destination” and “Bring Back the Orchard,” Orchard Road will be divided into four sub-precincts.
Efforts to enhance accessibility in the CBD include turning Robinson Road into a transit-priority corridor designated for public transportation, bike lanes, and pedestrian walkways, as well as creating a car-free zone along the 2.4-kilometer section of Orchard Road. More than 5 kilometers of new bike routes will be connected to the current 22-kilometer network in the central city by 2021.
Two other projects in the URA’s Draft Master Plan are to revitalize the central region and raise foot traffic to abandoned properties in the CBD. These are mostly for short-term use, such as turning aged developments into hotels or residential use.
The first is the CBD Reward Plan, which would sell 99-year leasehold mixed-development sites near Orchard Interchange via the Government Land Sales (GLS) program. Developers would be given a higher gross plot ratio as an opportunity to turn older sites into mixed-use houses, according to the proposal.
To help Orchard’s rejuvenation vision of rendering it “The Lifestyle Destination” and “Bring Back the Orchard,” Orchard Road will be divided into four sub-precincts.
Ride the Wave with 33 Devonshire
33 Devonshire is a landmark condominium that provides a magnificent setting for homebuyers. District 09, 33 Devonshire Road is where you’ll find it. This condo has a freehold tenure, which makes it valuable.
Because of its ideal location, this condo is suitable for small families as well as bachelors. The unit has a lovely and appealing interior that is extensive and well ventilated to provide a relaxing atmosphere. Its rooms often have large ceilings and glass-framed walls, resulting in an impressive living area.
The condo is indeed suitable for children to reside in and offers lots of places for them to enjoy. It has high-end furniture and fixtures, as well as a master-class interior and classic bathrooms that its residents can enjoy.
The lighting in this condo is incredible, and its installation has given the units a new level of sophistication and style. The property has a range of facilities and attractions that you can use to make your life more fun and adventurous. It also has features that render living there comfortable in both warm and cold weather. Its residents can still find it comfortable and spacious to live in, thanks to its excellent features and amenities.