18 Feb '14, 6am

Golf course redevelopment could yield 16,000 housing units - Property Auctions News, Property...

The government’s move not to renew the leases of Marina Bay Golf Course and Keppel Club is not down to land scarcity, but is about freeing up land in the prime and central areas. “In my opinion, land is not that scarce yet as Singapore still has a decent amount of land available especially in the northern regions. Hence, my feeling is not so much inadequate land resources as a whole but more of freeing up land in the prime and central areas,” said Evan Chung, Vice President, Resale Division at DTZ. While losing the vast expanse of greenery would be a pity, it is worth noting that the 2013 Draft Master Plan offers “provisions for more nature areas, ecological corridors, parks, gardens and waterways”, he noted. Moreover, “the planners can always plan and make provisions for green lungs and recreational amenities on the sites taken back”, said Elaine Chow, Executive Director ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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