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Master Plan draws support for mixed-use, transport-linked growth

These locations are expected to see strong demand due to their accessibility and prestige

Singapore's Draft Master Plan 2025 has prompted a strong response from the property industry, with Huttons Asia, OrangeTee & Tie, and Knight Frank Singapore offering detailed feedback. 

The consultancies focused on the plan’s provisions for new housing in key areas, the repurposing of golf courses and industrial zones, and broader market considerations around land sales and developer sentiment.

Huttons Asia highlighted the significant allocation of land for residential use, particularly around MRT stations and outside the central region. This aligns with ongoing efforts to decentralise employment hubs and reduce reliance on road infrastructure.

The agency pointed to upcoming HDB launches in prime areas such as Marina Bay, Greater Southern Waterfront, Mount Pleasant, Toa Payoh West, and the former Turf Club.

These locations are expected to see strong demand due to their accessibility and prestige, though new ownership models may introduce stricter resale conditions.

To support redevelopment efforts, Huttons suggested policy adjustments, such as lowering the Land Betterment Charge to stimulate the en bloc market and encourage land recycling in older estates.

Huttons also detailed the planned residential conversion of major sites. Golf courses like Warren Country Club and Orchid Country Club are slated for redevelopment upon lease expiry, with potential for large-scale mixed housing.

The Marina Bay Golf Course is earmarked for a waterfront precinct next to major amenities, whilst Keppel Terminal is expected to accommodate over 20,000 new homes. At the former Turf Club, up to 20,000 homes are planned with low plot ratios and buffers to respect surrounding Good Class Bungalow Areas.

The agency noted that upcoming land sales, such as a Dunearn Road GLS site, may benefit from the additional clarity provided by the plan.

OrangeTee & Tie supported the plan’s integrated approach to urban design, noting the emphasis on walkable neighbourhoods and developments near transport nodes.

The firm welcomed the inclusion of public housing in prime districts and viewed the integration of mixed-income communities as a step toward social inclusivity.

Knight Frank Singapore underscored the strategic value of certain sites, particularly the Orchard MRT parcel—the first site in that location since ION Orchard was launched in 2005.

It also noted the scale of upcoming developments, including the Turf Club and Keppel Terminal, both of which are expected to contribute significantly to long-term housing supply.

However, the firm cautioned that developer response may remain conservative in the current market climate, citing cost pressures and regulatory conditions.
 

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