Draft Master Plan 2025 builds capacity; its success hinges on developers stepping up, skilled migrants bringing dynamism
Should property players get greater flexibility amid tough economic backdrop?
[SINGAPORE] Population and business growth help drive economic growth. Despite its small land mass, with forward planning, Singapore can comfortably house more people and business activities.
Inclusive, accessible homes and neighbourhoods as well as refreshed business nodes and vibrant workspaces – these are part of the Urban Redevelopment Authority’s (URA) Draft Master Plan 2025 (DMP2025), which sets out Singapore’s land-use blueprint for the next 10 to 15 years.
On the housing front, we can expect new prime private homes to be built in the Newton and Paterson areas near Orchard Road. More housing will also come up in the Dover-Medway neighbourhood along Dover Road, at the former Singapore Racecourse in Kranji, the Sembawang Shipyard area and the Paya Lebar Air Base, among others.
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