The requested news item does not exist. Please return to News
The Urban Redevelopment Authority today shared its preliminary conceptual plan for the rejuvenation of the Kallang River and the revitalization of the areas around the river. Five broad key ideas have been outlined and the agency is calling for public feedback and ideas :
In a crowded city like Singapore, rivers provide an opportunity to enhance its urban ambience. The rejuvenation of Kallang River could potentially transform a functional waterway into a desirable avenue that would attract homes, businesses, recreational and other uses and add vibrancy to their surroundings.
The announcement to rejuvenate the Kallang River comes shortly after the plans to develop Kampong Bugis by a master developer was announced. It comes as a "sweetener" to enhance the Kampong Bugis project which will benefit from the river rejuvenation as the site has about 1 km of river frontage. Units fronting the river would be in greater demand and command higher prices. The master developer of Kampong Bugis would have an additional USP (unique selling point) to leverage on.
Besides the Kampong Bugis project, other residential developments along the Kallang River comprising of 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 than other units.
Potential to Introduce Flexible Industrial Land Use
Tay Huey Ying, Head of Research, Singapore
郑惠匀, 研究部主管 (新加坡)
We foresee the proposal to transform the Kallang Industrial Estate into a vibrant mixed-used precinct as an opportunity to implement CFE's recommendation for greater flexibility in land use. Strategically located at the fringe of the CBD, there is potential for this locality to be developed to serve the rising e-commerce needs for flexible warehouse-retailing use in light of the blurring of lines between retailing and warehousing in an environment of explosive growth in e-commerce.
We envisage that these "warehouse-retail" spaces will move away from the 60:40 industrial space ruling. Instead, multiple functions such as warehousing, logistics, e-retailing and physical retailing could be integrated under one roof/business space, with companies given full autonomy to manage their space usage according to their evolving business needs. This will also help smaller retail setups to manage their business cost and lower the risk of new entrants as they move away from traditional retail localities.
There is also opportunity to intersperse these developments with dining by the riverside, thereby lending to a vibrant waterfront.
We are excited by the multitude of possibilities the rejuvenation of Kallang River can bring to Singapore's urban landscape and we foresee the plans to leverage on the sports hub and waterbody to transform Kallang Basin into a vibrant sports and recreational destination will help to up the game for Singapore to position itself as a fun city to work, live and play in.
– ends –
Tay Huey Ying
+65 6494 3761 / +65 9029 3236
Ong Teck Hui
+65 6494 3727 / +65 9842 1155