{"id":50201,"date":"2017-03-30T11:28:54","date_gmt":"2017-03-30T04:28:54","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/kallang-river-transformation-may-offer-100000-new-homes\/"},"modified":"2017-03-30T11:35:47","modified_gmt":"2017-03-30T04:35:47","slug":"kallang-river-transformation-may-offer-100000-new-homes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kallang-river-transformation-may-offer-100000-new-homes\/","title":{"rendered":"Kallang River transformation may offer 100,000 new homes"},"content":{"rendered":"


\nKallang River is set to get a facelift, which will include new waterfront homes and recreational facilities. (Photo: URA)
\nThere is potential to develop another 100,000 residential units along both sides of the Kallang River over the next 20 years, revealed the Urban Redevelopment Authority (URA).
\nThe URA announced this following the launch of an exhibition on Wednesday (29 March), showcasing opportunities to rejuvenate the 10km-long river and surrounding areas. Dubbed \u201cA River Runs Through It\u201d, the exhibition is a call for public feedback and ideas on a preliminary conceptual plan to rejuvenate Singapore\u2019s longest natural river.
\nIn line with this, the government has outlined five broad key ideas to develop the Kallang River. One of them is to inject new waterfront housing developments in park-like settings and renew old industrial estates within the vicinity.
\nFor instance, the authorities will look to transform Kampong Bugis near the Lavender and Kallang MRT stations into a vibrant residential precinct that is car-lite, people-centric and sustainable.
\n\u201cThere is potential for the government to collaborate with the private sector, for a master developer to master plan and oversee the implementation of developments in Kampong Bugis,\u201d said the URA.
\nAccording to Ong Teck Hui, JLL\u2019s National Director for Research & Consultancy, the Kampong Bugis project is expected to benefit from the river rejuvenation as the site has about 1km of river frontage.
\n\u201cUnits fronting the river would be in greater demand and command higher prices,\u201d he said, adding that the master developer would have an additional unique selling point to leverage on.
\n\u201cBesides the Kampong Bugis project, other residential developments along the Kallang River comprising both private and public housing would also benefit from the rejuvenation plans. River-fronting homes would become more attractive and likely to command higher prices.\u201d
\nIn addition, the government is looking to redevelop Kallang Distripark, a private industrial estate near the future Geylang Bahru MRT station, into a residential project due to its attractive waterfront location.
\nMeanwhile, there are possible plans to establish a mixed-use precinct in Kallang Industrial Estate, which consists of several smaller industrial estates at Kallang Basin, Kallang Bahru and Kallang Avenue.
\nThe other four ideas to rejuvenate Kallang River are:
\n\u2013 Activate the waterfront, and enhance Kallang Basin as a sports and recreational venue
\n\u2013 Enhance accessibility by providing a seamless active mobility route along Kallang River between Bishan and the city centre
\n\u2013 Enrich the biodiversity of Kallang River
\n\u2013 Celebrate and incorporate the river\u2019s rich heritage
\nThe public are invited to share their ideas online at www.ura.gov.sg\/uol\/kallangriver. The proposals will be showcased at The URA Centre Atrium from 29 March to 2 May. Admission is free.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Kallang River transformation may offer 100,000 new homes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Kallang River is set to get a facelift, which will include new waterfront homes and...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-50201","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-d3H","jetpack-related-posts":[{"id":85968,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/land-preparatory-works-soon-underway-for-kampong-bugis-redevelopment\/","url_meta":{"origin":50201,"position":0},"title":"Land preparatory works soon underway for Kampong Bugis redevelopment","date":"April 20, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Kampong Bugis in future. (Photo: URA) The Urban Redevelopment Authority (URA) announced on Thursday (19 Apr) that it is preparing the 17.4ha Kampong Bugis precinct for construction works to transform it into a green car-lite waterfront residential precinct. \u201cKampong Bugis will be an open and inclusive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47143,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-to-introduce-master-developer-approach-in-kampong-bugis\/","url_meta":{"origin":50201,"position":1},"title":"Govt to introduce master developer approach in Kampong Bugis","date":"March 8, 2017","format":false,"excerpt":"\r Artist\u2019s impression of future development in Kallang Riverside and the Kampong Bugis area. Image source: URA The government will introduce the master developer approach in Kampong Bugis, a 17.4ha residential precinct bounded by the Kallang River, Crawford Street and Kallang Road. \u201cThis approach can help achieve better integration between\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112930,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/massive-kampong-bugis-white-site-launched-for-sale\/","url_meta":{"origin":50201,"position":2},"title":"Massive Kampong Bugis white site launched for sale","date":"December 7, 2019","format":false,"excerpt":"\r Nearly the size of 14 football fields, a sprawling 8.2 ha white site at Kampong Bugis on the Government Land Sales (GLS) reserve list has been made available for application by the Urban Redevelopment Authority (URA) on 5 December. Located at the mouth of Kallang River and located near\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/12\/kampong-bugis-white-site-development-condo.jpg?fit=680%2C453&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":69218,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-upcoming-precincts-to-yield-about-18500-homes\/","url_meta":{"origin":50201,"position":3},"title":"3 upcoming precincts to yield about 18,500 homes","date":"October 17, 2017","format":false,"excerpt":"\r Artist\u2019s impression of future development in Kallang Riverside and the Kampong Bugis area. (Photo: URA) Minister for National Development Lawrence Wong has launched an exhibit on Monday (16 October) that showcases some preliminary ideas regarding three upcoming residential precincts that can potentially yield a total of 18,500 houses. 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