URA proposes rezoning of one-north business park land parcel to residential

URAMinistry for National DevelopmentLot MK03-05616LLee Sze Teck, senior director of analytics at Huttons AsiaLot MK10-01852V & MK10-05372WHong Kah station of the Jurong Region LineLot MK27-10343WLot MK03-05374P, MK03-05282M, and MK03-05339VDairy Farm WalkLot MK16-02805NCanberra CrescentLot MK19-04125XFaber WalkLots MK05-09057K, MK05-09060K and MK05-09074KOld Jurong Line Nature Trail

To meet the growing housing needs in Singapore and the demand from tenants, the Urban Redevelopment Authority (URA) has submitted proposals to amend the Master Plan for seven locations. If approved by the Ministry for National Development, the amendments include changes to zonings and plot ratios for key parcels.

One of the sites set to see change is in one-north, with a business park site (Lot MK03-05616L) zoned for Residential with Commercial at 1st Storey, with a gross plot ratio of 4.2 – up from the current 3.5. According to URA, this “high-density development” will support the demand for housing in the area while enhancing one-north’s vibrant mixed-use business park.

Huttons Asia’s senior director of analytics, Lee Sze Teck, notes that rentals in one-north have been higher than those of Dover area. He estimates that the site could yield around 250 to 300 units.

On Tengah Garden Avenue, a land parcel (Lots MK10-01852V & MK10-05372W) that is currently zoned for commercial and residential use with a plot ratio of 2.8 will be rezoned to “Residential with Commercial at 1st Storey” with a plot ratio of 3.0. This move seeks to facilitate the development of a mixed-use development near the upcoming Hong Kah station of the Jurong Region Line.

At Bayshore Road, URA has proposed increasing the plot ratio of a land parcel currently designated for residential use (Lot MK27-10343W) from 3.5 to 4.2. This change is estimated to significantly increase the site’s yield, producing more than 1,000 units and connecting it directly to the Bayshore MRT Station.

At Margaret Drive, a residential-zoned parcel (Lot MK03-05374P, MK03-05282M, and MK03-05339V) with a current plot ratio of 3.5 could be increased to 4.2. This site is currently used as a car park and is within walking distance of Queenstown MRT Station. Lee believes that it could yield around 300 to 350 units.

Public transportation is also easily accessible via MRT stations nearby. Zion Road Condo provides unparalleled convenience to its residents, allowing them to get to their desired locations quickly and hassle-free.

A land parcel at Dairy Farm Walk (Lot MK16-02805N), zoned for residential use and currently with a plot ratio of 1.4, could be amended to a maximum plot ratio of 2.1 – the same as other surrounding parcels. This could potentially produce 400 to 500 new homes.

Canberra Crescent could also see a landscape change, with URA proposing a site (Lot MK19-04125X), that is currently residential-zoned, to have its plot ratio increased from 1.4 to 1.6.

Finally, URA has proposed changes to Faber Walk, with lots (MK05-09057K, MK05-09060K and MK05-09074K) set to see multiple zoning changes. These would see a waterbody zoning changed to a residential zoning with a gross plot ratio of 1.4 and park zoning, a residential zoning with a gross plot ratio of 1.4 changed to park, waterbody and road zoning, and a road zoning changed to park and waterbody zoning. This amendment seeks to facilitate implementation of the Old Jurong Line Nature Trail, aiming to better connect recreation, heritage, and nature.

Approval of the amendments is subject to Ministry for National Development, and will impact housing needs in the area significantly. If seen through, they are expected to yield thousands of new homes across the seven locations.