Recently I have made another visit to the Singapore Gallery, hoping to discover more insights to Singapore future developments.
As usual I am focusing on the growth areas in Singapore. From the legend provided, the purple colour on the map are the growth areas, which are the areas I will be looking at. This time round, I will be focusing on the northern part of Singapore, Woodlands.
Woodlands under URA’s Land Use Plan
Woodlands Regional Centre is one of the four regional centres identified under the Land Use Plan. It is part of the decentralization strategy to provide business and employment and job opportunities for residents closer to homes. Woodlands Regional Centre has 700,000sqm of new commercial space planned and more than 100ha of developable land for expansion.
The Woodlands Regional Center will comprise of two districts, namely the Woodlands Central and the Woodlands North Coast. From the city gallery map model, we can see that there are 2 main sectors of purple. This two purple districts are the Woodlands Central and the Woodlands North Coast.
In Woodlands Central, there are about 30ha of land available for development.
There will be about 350,000sqm of new office and retail space.
Woodlands North Coast
Woodlands North Coast is intended as a significant employment cluster. It will house the first business park in the North, in addition to office developments.
Land will also be set aside to cater to Small & Medium Enterprises,
There will also be a future cross-border rail link with Malaysia.
You can also see the video of the future development of Woodlands Regional Centre below:
I believe the opportunities in growth area outside of cities are often overlooked, and I will explore more growth area in my future articles. Do look out for them.
Therefore, is Woodlands properties good to invest for future appreciation? If you like to hear my exclusive insights, I will encourage you to be in touch with me through email or the form below. I can share with you more details in dept.
Meanwhile, if you want to know what I found in my previous URA visit, do check out this article here.