The recent release of the new Draft Masterplan has created quite an upstir in Singapore Property Market, where homeowners and investor are feeling excited about how it will change the market direction. If you are unaware of what is a masterplan, it is a statutory land use plan which serves as a guide for Singapore’s future development over the next 10 to 15 years, created by Urban Redevelopment Authority (URA). It also serves as a guide for buyers or investor to determine if the future development will affect the property price.
A Smarter Community within Changi in the new 2019 URA Plan
With Singapore University of Technology and Design (SUTD) and Changi Business Park (CBP) forming the Changi City Community, and its being strategically located around Changi Airport, it attracts transportations & aviation related business and institutions, including Artifical Intelligence & Robotics Technology.
Due to it location being just the doorsteps of the Terminal 5, new smart working spaces, hotels and serviced apartments developments are expected to be seen within the new Changi East Urban District.
With the new release of the new Cross Island MRT Station and the introduction of the new Aviation Park MRT, it connects the both ends of Singapore closely together. Creating tons of development possibility and potential in the new aviation hub.