URA Master Plan 2019 & LTMP 2040

The draft URA Master Plan 2019 was released on 27 March 2019, and is available on the following website:  https://www.ura.gov.sg/Corporate/Planning/Draft-Master-Plan-19

The Land Transport Master Plan (LTMP) 2040 was released on 25 May 2019, and is available on the following website: https://www.lta.gov.sg/content/ltaweb/en/about-lta/what-we-do/ltmp2040.html

Although the URA Master Plan 2019 tries very hard to cater to every Singaporean in every part of Singapore, it is undeniable that the most exciting / important developments in Singapore’s urban planning framework are the following:

  1.  Greater Southern Waterfront project
  2.  Rejuvenation of the CBD through bonus plot ratio incentives
  3.  Rejuvenation of the Orchard Road area

Similarly, the LMTP 2040 tries very hard to spread the transport architecture island-wide, but it is undeniable that all existing and new rail routes need to converge in the southern part of Singapore.  In fact, a new MRT line stretching from North to South, and serving the Greater Southern Waterfront is being contemplated under the latest LTMP.

The above developments will mean that in the longer term, the “centre of gravity” of Singapore’s property market may shift further southwards towards the waterfront, considering that the existing Core Central Region (CCR) is already dominating the southern part of Singapore.

Potential new rail line being studied as part of Land Transport Master Plangraphic-showing-singapore-s-rail-network-in-2040---lta-master-plan-2040

Greater Southern Waterfront development will start in 5-10 years
greater southern waterfront

Singapore’s CBD to see identity shift

Singapore CBD to see identity shift

Plans to transform Orchard Road, create more buzz in CBD

Plans to transform Orchard Rd, create more buzz in CBD

Underground plans for three districts revealed

Underground plans for 3 districts revealed

More homes planned in city centre to inject vibrancy

URA Draft Master Plan: Higher plot ratios in CBD for converting offices to hotels, homes