Building housing at the Singapore Turf Club site in Kranji will support the development of Woodlands Regional Centre as Singapore's largest northern economic hub, said property analysts on Monday.
The Government had announced that the site now occupied by the club will be returned to the state by March 2027, and be developed for housing including public flats and other uses such as leisure and recreation.
PropNex Realty chief executive Ismail Gafoor said housing developments on the site of around 120ha will enlarge the population catchment for commercial developments in the area, and provide more workers for businesses and industries in areas such as Lim Chu Kang and Senoko.
At a press conference on Monday, Second Minister for National Development and Finance Indranee Rajah said the site's redevelopment is "in line with a broader plan to develop the northern region".
Citing greenery in nearby areas such as Mandai and Sungei Buloh, she said planners will "plan in the context of the place".
"As we develop the northern area, we want it to have a unique identity, a unique appeal and defining characteristics of its own," she said.
This story is from the June 06, 2023 edition of The Straits Times.
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This story is from the June 06, 2023 edition of The Straits Times.
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