Long Island along East Coast: Residents, property analysts look ahead to potential impact

by Albert02

Long Island along East Coast: Residents, property analysts look ahead to potential impact

Long Island along East Coast: Residents, property analysts look ahead to potential impact. Some residents living near a proposed “Long Island” reclamation site on Singapore’s south-eastern coast are hoping that if the development is approved, the charm and tranquility of the East Coast area will be preserved.

The Urban Redevelopment Authority (URA) is reviewing long-term plans that include reclaimed land stretching from Marina East to Changi on which future housing will be built. Property analysts predict that when these projects are completed, they will be among the most desirable.

Although reclamation work is unlikely to begin for several decades, one property analyst estimates that 10,000 to 15,000 public and private housing units could be built on Long Island.

They were speaking after the URA announced on Monday (June 6) that it was studying a conceptual plan to reclaim land along the coast to provide protection from flooding and rising sea levels.

The development could include the construction of a new reservoir to meet the country’s water needs, as well as plans for housing, leisure, and recreation, according to the URA.

It was one of several planning concepts and proposals presented at a public exhibition at The URA Centre to guide Singapore’s development over the next 50 years.

TODAY spoke with a few residents who live along Meyer Road, just a short walk from East Coast Park, and the majority of them emphasized the appeal of living near the Singapore Strait, which provides them with sea breeze, quiet surroundings, and clear views of the waterfront.

Mr P Tan, who lives in The Makena condominium, describes the neighborhood as having “certain charm” because it is close to the beach and the city center.

“The quietness of the neighborhood appeals to me. As a result, I believe that if more houses are built in front of us, it will increase traffic congestion “The entrepreneur in his thirties elaborated.

While he recognized the importance of addressing rising sea levels and flooding, he was concerned about the development’s dust and noise.

“I think the best part about living here is the view of the sea.” So, if you build more high-rise buildings that block the view and the wind, I believe the residents here will be unhappy.”

Mr JD Tan, 36, who lives at The Meyerise condominium, expressed a similar sentiment, saying he would support the project as long as there aren’t too many high-rise residential developments.

“I think it’s a good thing if the project is appealing and there are recreational amenities,” he said.

Concerned about rising sea levels, Mr Anupam Bhattacharya, 58, a resident of The Sovereign condominium, stated, “In Singapore, there isn’t much land, so you have to be creative to create dwelling to support a growing population.”

Mr Anupam, who owns a consulting firm, added that in the decade he has lived on Meyer Road, he has seen the neighborhood become denser, with more traffic and homes being built in the area.

Still, he said of the proposed reclamation plans, “a lot depends on how, where, when, and how many units will be built.” This location is very open, with lots of open space and greenery. You want it to stay that way.”

There is currently no set timeline for the development. The general public is invited to provide feedback on the proposals.

“It’s a good thing, and I’m sure the authorities will consider how to preserve Singapore’s beauty while doing it.”

According to Mr Nicholas Mak, head of research and consultancy at ERA Realty Network, the development is unlikely to lower property prices in the area because many of them are freehold or have long 999-year leases.

Because Long Island will be reclaimed, the land will be owned by the government, and the authorities will have some say over the timing and price of land sales, he added.

Typically, government housing land is leased for 99 years.

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Source: https://www.todayonline.com/singapore/long-island-east-coast-residents-property-analysts-potential-impact-1917841


 
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