The Urban Redevelopment Authority (URA) has released its Draft Master Plan 2025, aiming to elevate housing standards and improve urban landscapes in Singapore. The plan marks a shift from previous frameworks by focusing on the future needs of Singaporeans, including fostering healthier lifestyles, supporting an ageing population, and addressing climate change challenges.
The new Master Plan introduces a diverse array of housing options, allowing residents to choose environments near city centres, schools, or parks. This approach ensures better connectivity with essential amenities, such as schools and healthcare facilities, enhancing convenience and quality of life. The plan also emphasises creating homes with access to sea, river, and park views, whilst preserving heritage buildings and cultural sites.
Significant developments include the expansion of the One-North precinct, where approximately 6,000 public and private homes will be constructed. This expansion aims to attract workers and businesses, supporting industries like biomedical sciences and technology. In the Newton and Orchard Road areas, 5,000 new private residences will be developed, with an integrated development above Orchard MRT station.
The Jurong Innovation District will see a transformation with the introduction of Business-White plots, integrating non-industrial elements and enhancing amenities. This change is expected to attract more businesses and workers, boosting occupancy rates and rental yields.
Changi Airport’s redevelopment as a hub for land, air, and sea transport will rejuvenate Changi Business Park, attracting more tenants. Additionally, a new sub-regional centre in Bishan will decentralise office spaces, encouraging companies to move outside the central business district and increasing housing demand in the area.
These initiatives aim to create a balanced, sustainable living experience for all Singaporeans, regardless of age or budget, whilst improving overall well-being and convenience.
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