The Revamp of Pasir Panjang: Concept of Greater Southern Waterfront
A year after introducing plans to free up prime land for future development by gathering all container port activities in Tuas, Singaporeans have finally been given an insight on the redevelopment and expansion of what’s to happen along our southern coastline. This change is set to make Pasir Panjang the envy of all other residents in the rest of Singapore.
A long and uninterrupted 30km stretch of waterfront promenade will extend all the way from Labrador Park to Marina South which includes Palau Brani, a new reservoir created between the offshore and Tanjong Pagar. New residential and commercial districts along the coastline were also among a few that was announced by the Urban Redevelopment Authority (URA) under its draft Master Plan that will be included in this revamping exercise.
Transformation will commence once the City Terminals at Tanjong Pagar, Keppel and Pulau Brani are relocated in 2027. Pasir Panjang Terminal will follow suit thereafter to facilitate a smooth transition in the upgrading phase to clear more than 1,000ha of prime space. The proposed land area would be 3 times the size of Marina Bay and is envisioned to be an extension of the greater Marina that would harmonise and serve as new opportunities for live-work-play.
Plans are in consideration to form an island wide green network consisting of linking Labrador Park, Berlayer Creek and Mount Faber to Pulai Brani. Public spaces and pedestrian paths at the waterfront promenade will be widened – where people can jog, cycle or take a leisurely stroll – and linked to all the great places of interests and also to the city center.
The tremendous change by the southern part of Singapore would mean that Pasir Panjang could well be the next “waterfront living” belt, due to its proximity to numerous west coast amenities such as the MapleTree Business City, the Singapore Science Park and the National University. Shopping malls and hotspots for nightlife such as VivoCty and Holland Village just to name a few, are only a few minutes’ drive away. An upcoming new Pasir Panjang MRT underpass will link a mixed-development private apartment, Together with the upcoming new Pasir Panjang MRT underpass, it is simply living in convenience with the connectivity in the area.
Currently, there is approximately 100,000 workers and residents in the vicinity. Apartments in Pasir Panjang for new sale and resale private homes are estimated to be about 25 per cent to 22 per cent lower, respectively, than its neighbour in Telok Blangah. However, with the advent of the impending revamp to the Pasir Panjang area according to the 2013 draft URA Master Plan, a whole new dimension of change is set to transform the sleepy district into a future waterfront belt bustling with mixed developments subscribing to the work-live-play concept.
In 2010, the largest new project in the district was the Mapletree Business City; an office and business park, which occupied 1.7 million sq ft. This project generated a huge source of office and residential tenants, noted Knight Frank research head Png Poh Soon. PropNex Chef stated that Pasir Panjang would likely to be “well sought after” as the population grows in tandem with its development in the future.
On the report card of property firm, Mapletree Investments is the construction of a 30-storey business park tower which will be located right next to its current flagship Mapletree Business City. The building of this second phase has already started and will see its completion in 2016. Mapletree is part of the Temasek Holdings group and has another development which is VivoCity mall located at Harbourfront besides its present Mapletree Business City in Pasir Panjang. The upcoming new sparkling commercial building Mapletree Business City II (MBC II) costs approximately $700 million. It will sit right on the site of The Comtech at Alexandra Terrace. MBC II is likely to be one of the tallest business park buildings in the whole of Singapore. This 3-podium building will have a wonderful view of the Greater Southern Waterfront stretch of corridor and its surrounding green parks. With great anticipation accompanies the completion of the new MBC II and the potential it brings with it. Rental opportunities and house hunters promise to raise the demand for housing in Pasir Panjang and its vicinity.
With the revelation of URA’s Master Plan, Pasir Panjang is set to get a boost. Properties lining the western stretch of Pasir Panjang Road to Clementi Road are now likely to make the belt of low-rise freehold condominiums experience a growth in demand. In recent months, some new apartments have sprouted out in the quaint Pasir Panjang area and they are namely, Village @ Pasir Panjang, Whitehaven @ Pasir Panjang, Bijou and The Sorrento.
Hardly being Singapore’s most popular choice address, consultants say Pasir Panjang will now transform from being the best known for its port and wholesale industrial facilities to one with profitable medium-term investments for commercial and residential properties.