Why Invest In District 15: East Coast, Marine Parade, Katong?

District 15, which comprises East Coast, Marine Parade, and Katong, is a highly desirable area for investment. Here are some reasons why you should consider investing in this district:

Prime Location: District 15 is strategically located in the eastern part of Singapore. It offers easy access to the Central Business District (CBD) and the Changi Airport. With the upcoming Thomson-East Coast MRT line, transportation within the district will be even more convenient.
Beachside Living: One of the standout features of this district is its proximity to the beautiful East Coast Park. Residents can enjoy a wide range of recreational activities such as cycling, jogging, and even water sports.
Food Paradise: East Coast, Marine Parade, and Katong are well-known for their vibrant food scene. From delectable local delights, like laksa and chicken rice, to international cuisines, there is a wide array of dining options to satisfy every palate.
Educational Hub: The district is home to several established schools, making it an attractive choice for families with children. Reputable educational institutions include Tanjong Katong Primary School, Tao Nan School, and Victoria School, among others.
Amenities and Lifestyle: District 15 offers a plethora of amenities, from shopping malls like Parkway Parade to the Katong V area, which is known for its boutique shops and heritage feel. Residents can also enjoy the vibrant nightlife and entertainment options available in the district.
Projected Growth: With ongoing and upcoming developments, including the East Coast Integrated Depot and the rejuvenation of the Paya Lebar Air Base, District 15 is poised for further growth and improvement. This presents potential opportunities for property appreciation and investment potential.

These are just a few reasons why investing in District 15 can be a wise decision. It combines a prime location, beachside living, a diverse food scene, excellent educational institutions, and a vibrant lifestyle. Consider exploring the various property options available in this district to make an informed investment decision.

Relocation of Paya Lebar Airbase

Besides freeing up land for 150,000 new homes in Paya Lebar, the relocation of Paya Lebar Air Base will mean the lifting of some building height restrictions around it, allowing for the redevelopment of towns such as Hougang, Marine Parade and Punggol, said Prime Minister Lee Hsien Loong at the National Day Rally on Sunday.

With the relocation of Paya Lebar Air Base expected to start in the 2030s, the redevelopment of nearby towns will allow more amenities to be added and better use to be made of the space, he said. “It will not happen overnight. But over decades, we can completely reimagine the eastern part of Singapore.”

As for the redeveloped Paya Lebar town, the air base’s 3.8 km runway could be repurposed as a central spine: a green connector or community space with housing on either side. The 150,000 new homes that can be built are “roughly what we have in Punggol plus Sengkang today”, he added.

The prime minister also assuaged concerns that Singapore might “run out of space” or that housing will not be available or affordable. The government’s studies and planning show that there will be “enough space for future generations” – instead, he quipped, “our problem is having enough babies to grow up and live in (these flats)”.

Development In Kallang River

Injecting New Homes and Work Places Along the Waterfront

The Kallang River presents rejuvenation opportunities for new homes, work places, recreation and community spaces.

With its route winding through the central region of Singapore, both public and private housing will be introduced in precincts along the river to enjoy the great connectivity.

The existing Kallang Industrial Estate will also be transformed in the longer term into an attractive mixed-use precinct along the waterfront.

Kampong Bugis

Kampong Bugis is located a stone’s throw from the Lavender, Kallang as well as Bendemeer MRT stations. The vision is for Kampong Bugis to become an attractive residential and recreational precinct that supports active mobility, environmental sustainability, and fosters community interaction. The Kallang Riverside Park will also be given a new lease of life as an attractive waterfront park for the community.

Bridging Neighbourhoods

Kallang River is currently divided by the roads and major expressways that cut across the river.

Infrastructure improvements will be carried out from 2020 to create a more seamless walking and cycling experience. The planned works will consist of new or improved crossings at strategic locations: CTE, PIE, Serangoon-Bendeemer, Kallang Bahru, Upper Boon Keng, and Sims Avenue, to connect residents from town to town and encourage walking and cycling.

Enlivening the River

As efforts are being made to improve connectivity, the river too will be made more scenic for nearby residents and visitors. Several stretches of waterways at Upper Boon Keng Road to Sims Avenue, Potong Pasir, and Kolam Ayer have been given a facelift through the PUB’s Active, Beautiful, Clean Waters projects. Other stretches along Kallang River are also being studied for such improvements.

At the ‘Kallang Alive!’ Sports Hub area, Sport Singapore is introducing more sporting and community facilities to strengthen its standing as an inclusive sporting precinct. The nearby conserved Old Kallang Airport can also be put to a variety of community, sports and recreational uses for all to enjoy. More intermediary habitats can also be provided along the river for biodiversity and wildlife to thrive.