By Mr. Propwise
By now you’ve probably read lots of media reports about the Urban Redevelopment Authority’s (URA) Draft Masterplan 2013, a medium term plan which details statutory land use and guides Singapore’s development over a ten to fifteen year period. In this post I hope to synthesize the different views and look at how the concepts outlined in the Master Plan will affect the property market, and whether it throws up any interesting opportunities.
The changing focus of the Master Plan
The URA’s role is to plan the physical development of Singapore and to optimize the use of the country’s limited land resources. To this end it puts out the Concept Plan, which is a long term strategic land use plan that guides Singapore’s development over a forty to fifty year period, ensuring that Singapore has sufficient land to meet long term population, economic and quality of life ...
