Huttons Asia has shared insights into Singapore’s Draft Master Plan 2025, highlighting that 14% of the land will be designated for residential purposes. The plan includes developing areas around MRT stations to bring work closer to homes and reduce the need for extensive road infrastructure. CEO of Huttons Asia, Mark Yip, noted that whilst height restrictions near Changi Airport may be relaxed, there are no changes in plot ratios for Tampines and Pasir Ris.
The plan also earmarks several areas for Housing Development Board (HDB) flats, including the former Marina Bay Golf Course, Greater Southern Waterfront, Mount Pleasant, Toa Payoh West, and the former Turf Club. These locations are expected to be in high demand, potentially stabilising resale prices in the short term but likely increasing in value over time due to their prime locations.
Lee Sze Teck, Senior Director of Data Analytics at Huttons Asia, mentioned that existing golf courses like Warren Country Club and Orchid Country Club will be converted into residential developments, with the latter potentially housing over 10,000 homes. The Marina Bay Golf Course has also been rezoned for residential use, promising exciting waterfront homes.
Additionally, the Keppel Terminal and former Turf Club have been rezoned for residential development, with plans for 20,000 homes at Keppel Terminal and up to 20,000 homes at the Turf Club. The rezoning of land around Newton MRT station and Orchard MRT interchange to “white” allows for flexible development, although high additional buyer’s stamp duty may deter foreign investment.
These developments aim to enhance Singapore’s urban landscape, providing more housing options and supporting economic growth through efficient land use.
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