Yahoo Finance 
A massive urban overhaul is about to sweep Singapore
Prime land will be freed up in Tuas.
Thousands of hectares of prime development space will be freed up in land-scarce Singapore over the next few years, as part of the government’s push to develop and transform the city-state’s urban landscape.
In a speech at the Committee of Supply debate, Minister for National Development Lawrence Wong said that Singapore is still “far from saturation” despite the state’s small size.
He shared that the consolidation of Tuas port will free up land for redevelopment at the Greater Southern waterfront, with a size equivalent to about three Marina Bays.
Meanwhile, the relocation of Paya Lebar over at Changi will free up 800 hectares of prime land for mixed-use development. This is equivalent to half a Jurong Industrial estate, one Ang Mo Kio Town, and two Tampines Regional Centres, Wong said.
He also highlighted the government’s plan of building up several regional nodes over the next couple of decades. These regional centers include a 2nd CBD at Jurong Lake District, a new Creative Cluster at Punggol, and a new Northern Growth corridor at Woodlands and Sembawang.
Wong also shared that a new HDB town named Tengah will be opened soon. This will be located next to the Jurong Innovation District and will be surrounded by greenery.
“I think we should take comfort that we are moving forward from a position of strength. Despite our limitations of size, we are still far from saturation. There are still many possibilities for urban development and transformation,” he said.
More From Singapore Business Review
