New Launches & Projects - News
Feb 2, 2010 - PropertyGuru.com.sg
Singapore’s next waterfront city has been identified - Tanjong Pagar. This news was announced even though the iconic Marina Bay has not yet been completed.The area is currently home to cranes and rows of containers which are waiting to be loaded into the ships at one of the busiest ports in the world.
But by 2027, when the land lease of the port operator PSA Corporation expires, the waterfront space will become home to several skyscrapers such as hotels, residential apartments and commercial buildings.
The Economic Strategies Committee (ESC) said Tanjong Pagar will be transformed into a new waterfront city that will cater to the expansion of Singapore’s business district and will boast amenities like hotels, apartments, and tourism and lifestyle facilities.
“This area is very attractive, it is just at the fringe of the city, the size is comparable to another Marina Bay and it can offer immense opportunities to support future growth,” said Grace Fu, Senior Minister of State for National Development.
Due to its proximity to several universities, to Sentosa and to the CBD area, Tanjong Pagar “will give us lots of elements to work on and we're quite excited about the potential,” said Grace Fu.
No comments:
Post a Comment