“Will the Woodlands Regional Centre be a huge success?
Some weeks ago, developers were extremely interested in a particular prime commercial development site. The highest bid of 634 million Singapore dollars or 907 dollars per square foot PPR camefrom a consortium composed of Sekuski House, the Far East Organization and the Far East Orchard. The site was the first commercial site to be offered for public tender since the regional centre was named as the Northern Gateway for Singapore for Wandervale.
There was strong demand for the site, eight bids,in all,were received, including some from large developers. The top bid for this site was substantially more than that which won the first development site, at the Jurong Regional Centre, in June 2010, designated for mixed commercial/resident/hotel use, on which six developers bid and the top bid was 749 million (650 dollars psf ppr).
Wandervale in Choa Chu Kang
The strong interest in the current site is evidence of confidence in the forthcoming Woodlands Regional Centre, which lies conveniently close to Iskandar, Malaysia’s special economic region. Growth in Iskandar was further enhanced by the announcements made by the Singapore and Malaysian Prime Ministers after their annual conference meetings.
The three possible sites for the planned Singapore KL High Speed Railway station have been announced and the new Woodlands Johor Rahru RTS Rapid Transit System is on schedule for completion before 2018. Does this mean that the transformation of the area will be as successful as those in the Jurong and Tampines regional centres near Choa Chu Kang Wandervale
Woodland Regional Centre, planned as Singapore’s Northern Gateway, will consist of retail, residential, business and lifestyle facilities in the two areas of Woodlands Central and Woodlands North. Although the retail facilities in Woodlands are unlikely to match those in Jurong for the moment, Woodlands does have some particular advantages to recommend it to shoppers and to retail outlets. Its unique coastal waterfront position with views across the Straits of Johor is sure to prove attractive to many Wandervale.
The 2013 Urban Redevelopment Agency plan shows an easterly extension to the current Woodlands Waterfront, opening the wholewaterfront to public enjoyment. New residential developments with special sensitive designs will stand along the extended waterfront park and the shipyards in Sembawang will be re-sited allowing the creation of even more waterfront sites.
The Land Use Plan revealed early in 2014 showed that job creation will be a major feature of the Woodlands Regional Centre. Currently, the fact that employment hotspots are situated in other parts of Singapore means that large numbers of commuters travel to and from the City and the west during rush hours. The Land Use plan illustrated how the Northern Innovation Corridor, covering Woodlands, Seletar, Sengkang West and Punggol, will give research and development facilities in this commercial zone for Wandervale, which will diversify the economy of the area and attract employers to the area.