URA Master Plan to yield 15,000 new homes in central Singapore

New waterfront area underway.

According to PropNex, the latest blueprint of Singapore’s land use for the future has been released by the Urban Redevelopment Authority (URA).

With the Master Plan, Singaporeans can expect some 15,000 new homes in central Singapore, more commercial hubs outside the city centre, and a new waterfront area in the future.

The URA Master Plan is a statutory land use plan, which guides Singapore’s development in the medium term by showing the permissible land use and density for every parcel of land here. Reviewed every five years, the plan also sketches out the authority’s vision to develop scarce land and meet residential, industry, transport and recreational needs.

“The latest master plan witnessed a paradigm shift in the land use of Singapore with a focus now on the integration of people, lifestyles and work. I believe that Singaporeans can expect a more vibrant and closely-knitted society in the near future.

Our forefathers envy our standard of living while we will envy the future generation from a people focus Maser plan that emphasizes on quality of living,” commented Mr Ismail Gafoor, CEO of PropNex Realty.

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