{"id":63628,"date":"2017-08-14T11:29:38","date_gmt":"2017-08-14T04:29:38","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/greater-southern-waterfront-project-may-start-sooner-than-expected\/"},"modified":"2017-08-14T11:39:53","modified_gmt":"2017-08-14T04:39:53","slug":"greater-southern-waterfront-project-may-start-sooner-than-expected","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/greater-southern-waterfront-project-may-start-sooner-than-expected\/","title":{"rendered":"Greater Southern Waterfront project may start sooner than expected"},"content":{"rendered":"


\nArtist\u2019s impression of the Greater Southern Waterfront. Source: URA
\nPSA Singapore\u2019s decision to move from Tanjong Pagar Terminal to Pasir Panjang Terminal earlier than expected has sparked speculation of the Greater Southern Waterfront project kicking off faster, reported the Straits Times.
\nThree times the size of Marina Bay, the 1,000ha development is set to be built on land freed up once the ports in the city, which includes Pasir Panjang and Tanjong Pagar, are relocated to Tuas.
\nSEE ALSO: Govt mulls building HDB flats in prime areas
\nThe move allows the government to set aside some land for release earlier, depending on market demand and conditions, said Alice Tan, Knight Frank\u2019s research head.
\n\u201cWith real estate needs changing rapidly along with consumer and business trends, it could make sense for land use planning to evolve more flexibly ahead of changing needs.\u201d
\nDesmond Sim, CBRE research head for Singapore and South-east Asia, however, believes it is still too early to say if the Greater Southern Waterfront project will start earlier.
\n\u201cIt is a huge project, and there is still a lot of elasticity in land supply today, especially at Marina Bay. So, there is no need to rush and trigger plans for the waterfront area,\u201d he said, adding that both the state planner and PSA would benefit if the land is vacated prior to the end of the lease.
\n\u201cThis would give PSA more buffer time to sort out any teething problems and ensure the handover goes smoothly. For the state planners, getting control of the land earlier\u2026 allows them to have more flexibility with planning.\u201d
\nTanjong Pagar Terminal\u2019s lease will expire in 2027, while Pasir Panjang\u2019s lease will run out in 2024.
\nSim believes that the \u201cprime piece of land\u201d would be best used if it is primarily set aside for mixed developments.
\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…Greater Southern Waterfront project may start sooner than expected<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of the Greater Southern Waterfront. Source: URA PSA Singapore\u2019s decision to move from...<\/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-63628","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-gyg","jetpack-related-posts":[{"id":110014,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/greater-southern-waterfront-to-feature-9000-public-private-homes\/","url_meta":{"origin":63628,"position":0},"title":"Greater Southern Waterfront to feature 9,000 public, private homes","date":"August 19, 2019","format":false,"excerpt":"\r Prime Minister Lee Hsien Loong on Sunday (18 August) confirmed for the first time that the future Greater Southern Waterfront (GSW) will have Housing and Development flats. 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While home buyers may flock to places like Tampines, Siglap and Bishan, the comparably quiet estate of Pasir Panjang presents much potential for those seeking not just private homes, but also a level of privacy not\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/07\/EO10301.png?fit=526%2C351&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":123594,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chuan-park-in-private-negotiation-process\/","url_meta":{"origin":63628,"position":4},"title":"Chuan Park in private negotiation process","date":"December 3, 2021","format":false,"excerpt":"\r Located at 240 to 250 Lorong Chuan, Chuan Park is a\u00a099-year leasehold project and\u00a0occupies a 400,588.72 sq ft site; the property may be redeveloped into 900 to 919 units. 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