Revitalizing Kallang: A New Beginning for Expired Leases

Revitalizing Kallang: A New Beginning for Expired Leases

Dear readers,

Exciting developments are underway in the heart of Kallang, where the first residential plot that reached the end of its lease is set to be transformed into a vibrant public housing community. As Singapore continues to evolve, Kallang, with its rich history and strategic location, is taking steps to rejuvenate and offer its residents a better living environment.

Here are the key highlights:

1. Rejuvenation in Kallang: The Urban Redevelopment Authority (URA) has proposed the development of this expired lease plot. The rejuvenation aims to meet the growing demand for housing while offering future residents the convenience of being close to amenities and transport nodes, such as Kallang MRT and Geylang Bahru MRT. This development aligns with the broader plan to provide residents with more leisure options, improved transport facilities, and job opportunities in their neighborhood.

2. Plot Ratios and Potential Units: The URA is considering plot ratios of 2.4 or 2.8 for the land parcels along Upper Boon Keng Road. Housing analysts anticipate that this site could yield between 200 and 400 units. Its location, close to Kallang River and the Downtown area, makes it a prime candidate for the Prime Location Public Housing (PLH) model, offering a range of options for future residents.

3. Affordability and Accessibility: With its proximity to Geylang Bahru MRT station, this site is conveniently located for daily commutes. Depending on the timing of the launch, it may offer units under the PLH or Plus flat categories, which could provide slightly more affordable housing options. The area is poised to be a welcome addition to the Kallang neighborhood, similar to the recently launched Verandah @ Kallang project.

4. Woodlands Developments: In addition to the Kallang rejuvenation, the proposed development of high-density residential and commercial buildings in Woodlands is also on the horizon. These projects are expected to enhance the community and its amenities, and they align with Singapore's vision for balanced urban development.

As we witness these transformative changes in Kallang and Woodlands, we encourage you to stay updated on these exciting opportunities. Whether you're interested in Kallang's upcoming public housing project or exploring options in Woodlands, our team is here to provide you with the latest insights and guidance.

Don't hesitate to reach out to us if you have any questions or would like to discuss your real estate aspirations in these dynamic neighborhoods. We're committed to helping you find the perfect place to call home.

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