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:
- Greater Southern Waterfront project
- Rejuvenation of the CBD through bonus plot ratio incentives
- 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.