According to reviews for the new Draft Master Plan 2013, many property analysts predict that Marina South will likely to be of more interest to real estate agencies and property investors given that the location poise a sea view and is near to many amenities as well as the Sentosa area. The new Draft Master plan has revealed that there are 3 new areas that will undergo extensive modification to house more new homes.
Marina South development
The 3 areas are Kampng Bugis, Holland Village as well as Marina South with Marina South as the highlight in the new Draft Master Plan. This is because of the centrally placed location of Marina South as well as the potential it has. Marina South has poised to be a new central business district by the government and hence homes near the area could be very well received. The 21.5 hectares of developable land, part of the Republic Plans for the greater future Greater Southern Waterfront, will poise to have 9,000 new private homes as well as a huge underground extensive shopping mall. Marina South will be set to be the highlight of Singapore’s urban district transformation which will attract many developers.
The Greater Southern Waterfront will also set to complement the already existing facilities in the Keppel Bay area. The plans are well-received by many commercial projects developer in the area including Marina Bay Financial Centre.
Interest in Marina South development land
As for Kapong Bugis, analyst also note that the area will be of great interest as well due to its proximity to the city. The land will be poised to build an additional 4,000 homes. The last area, Holland Village, analyst see great potential as well as the area has been traditionally for owners who are looking to buy for their own stay.
Riverbank new launch
Buyers might be looking at Riverbank condo @ Fernvale due to its location as well. This project is located at Fernvale Close along Sengkang West Way which is developed by UOL Land and the indicative price for the project seems to be very reasonable. It is likely to be launched in 1st Quarter 2014.