Neighbourhoods placed on the edge of our island country are often made fun of. If you live in Woodlands, your friends would have made fun of you by asking if they needed to bring a passport to visit you.
Well, it’s time for them to eat their words, because Woodlands is about to undergo some epic upgrades in its journey to become the North’s Regional Hub!
The Power of Planning
Woodlands is about to become home to one of Singapore’s key transport initiatives: The cross-border rail link to Malaysia. In fact, the new Thomson MRT Line will host an interchange station with the future cross-border rail link to Malaysia.
This development for Singapore will use the planned Woodlands North MRT as the interchange station that will link straight up to the Thompson MRT Line.
Beyond the fact that this makes getting in and out of Malaysia that much easier, this train line would also alleviate the endless traffic jams that plague our Woodlands causeway link.
Now, add over 700,000sqm of new commercial space that includes offices and retail space, and you can see why the new Woodlands Regional Centre is going to be a heavyweight development for Singapore.
A New Waterfront
Singapore’s Northern gateway will also tap on its often overlooked coastal region. The park at Woodlands will be extended, and the area turned into a lifestyle zone that links up the Woodlands Central and Woodlands North districts.
Instead of it just being a park, the place will possess a signature pair of green boulevards that lead right to the waterfront. A pedestrian mall will also be built in the area!
Heartlands to benefit
The region’s 241,900 residents currently living in the Woodlands, Admiralty and Marsiling estates already have a Civic Centre, Woodlands Regional Library and Causeway Point Shopping Centre as key amenities. Major schools like Republic Polytechnic, Innova Junior College and the Singapore Sports School are also in the area.
However, they will stand to gain even more when Woodlands grows into a transport nexus, as the amount of convenience being built in will help to up HDB property prices in the area.
The URA Master Plan mentions that Admiralty will see Waterfront and garden residences come up, while the aforementioned Central Boulevard will offer signature office and business park space. Adjacent to that would lie the Northshore Innovation project.
All these projects bring in people who might need rentals, so expect the local market to heat up as these developments come online.
Condominiums primed for rental market
There are over 20 condominiums in Woodlands already built, with more being planned in the Admiralty and Woodlands area. Most of the current asking rentals are sitting squarely in the $2 – $3.50psf range, and while the supply isn’t going to be tightening any time soon in the area, demand will rise as more and more people start to focus on Woodlands as a work and transport hub.
Bright Future for Woodlands
While Jurong’s High-Speed Rail project seems less certain, Woodlands will see an upshot in it’s own transport development with concrete plans being put into place by both the Johor Sultanate and Singapore’s LTA. With the centrepiece of Woodland’s development firmly in place, it is pretty clear that Woodlands will become the prime spot in Singapore’s North for work and play.