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 the charm and tranquility of the East Coast area will be preserved if the development is approved.

The Urban Redevelopment Authority (URA) is reviewing long-term plans that include 15 kilometers of reclaimed land stretching from Marina East to Changi, on which future housing will be built. Property analysts predict that when these projects are released, they will be among the most sought-after.

Although the reclamation work may not 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 spoke after the URA announced on Monday (June 6) that it was studying a conceptual plan to reclaim land along the coast to protect against flooding and rising sea levels.

According to the URA, 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.

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

TODAY spoke with a few residents living along Meyer Road, a short walk from East Coast Park, and the majority of them spoke of 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, says the area has a “certain charm” because it is close to the beach and the city center.

“I like how quiet the neighborhood is. So I believe that if more houses are built in front of us, it will cause more congestion,” the entrepreneur in his 30s explained.

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

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

Mr JD Tan, 36, of 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 attractive and has recreational amenities,” he said.

Mr Anupam Bhattacharya, 58, a resident of The Sovereign condominium, expressed concern about rising sea levels, saying, “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, the neighborhood has become denser, with more traffic and homes being built.

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

There is currently no timetable for development. The general public is invited to comment on the proposals.

“It’s a good thing, and I’m sure the authorities will think about how to keep Singapore’s beauty intact while doing so.”

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

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

Government housing land is typically leased for 99 years.

Click the image to read the full details of report.
Source: https://www.todayonline.com/singapore/long-island-east-coast-residents-property-analysts-potential-impact-1917841

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