The skyline of Singapore is currently changing, and the Greater Southern Waterfront (GSW) is one of the most ambitious projects we will see in the future. Hyped as the next big thing in Singapore, this mega waterfront project encompasses an extended stretch of 30 km of coastline and spans 2,000 hectares of land across the stretch linking Pasir Panjang and Marina East.
When completed, Greater Southern Waterfront will be one of the most attractive and appreciated property areas in Singapore. Why is it so appealing, though? So why is this region quickly emerging as the new hotspot to own prime real estate in the city-state?
The Greater Southern Waterfront is a long-term redevelopment plan that will convert the southern coastline of Singapore into a lively urban zone and mixed-use district. It was initially revealed in the 2013 Land Use Plan and subsequently elaborated in the URA Master Plan 2019.
This mega scheme involves the area occupied by the port, power stations, and industries. Since port terminals will relocate to Tuas by 2040, massive land areas such as the Keppel Club, Pasir Panjang, and Tanjong Pagar will be available to be residential, commercial, recreational, and green areas.
The early new housing in the GSW began with the launch of the HDB flats at the Keppel Club's former site, to be developed with around 9,000 homes, a combination of both public and privately-paid housing. The flats are set to have a breathtaking view of the sea, beautiful vegetation, as well as the best amenities.
The projects in the future contain luxury apartments, waterfront apartments, and integrated developments around the neighbourhood, such as Labrador Park, Pulau Brani, and Mount Faber. This is a mixture of both publicly and privately viable properties that would interest both novice buyers and those with high net worth.
The Greater Southern Waterfront will include business parks, office towers, entertainment bases, and retail centres besides housing. The land will supplement the already existing Central Business District (CBD), decongesting the area and creating a city within a city.
Even Marina South and Sentosa will be improved, incorporating such designs as leisure, tourism, and residential areas. This region, with its excellent connectivity and well-developed infrastructure, can be transformed into the next extension of the CBD in Singapore, making it very suitable for both businesses and expatriates.
One of the main interests of the GSW is sustainability. The whole district will be according to the principles of green urban planning, and it will include the following features:
In the Greater Southern Waterfront, transportation will be excellent. The introduction of new MRT lines such as the Circle Line extension, Thomson-East Coast Line, and Greater Southern Waterfront Line (proposed) will increase accessibility to the entire Singapore.
The GSW is suitable for a professional or an investor as residents have easy access to the CBD, Changi Airport, and business hotspots.
The Greater Southern Waterfront is a once-in-a-generation opportunity as far as investment is concerned. Here’s why:
Over the coming 10 to 20 years, as the construction gradually gets completed by phases, buyers and investors will have ample time to strategise and have a foothold in the market.
The Greater Southern Waterfront is not a simple city project; it is a new vision of the Singapore of the future. It is only a matter of time before this location becomes the next hot spot in terms of real estate development in Singapore, thanks to its combination of modern housing, a green lifestyle, bustling business areas, and a perfect location.
Be it as a homebuyer in search of a picturesque and modern neighbourhood or an investor in pursuit of a bright sixties-scale growth, all one can say about the GSW is that it is a place to keep an eye on.