Changes around Vision Exchange in URA Master Plan 2014
The URA Master Plan 2014 was gazetted on 6th June 2014 by the Chief Planner. See this media release. Since Vision Exchange is located in Jurong Lake District, it is worth looking at the differences (in Jurong area) between URA Master Plan 2014 and URA Master Plan 2008.
The image above is a 3D model of the Jurong Lake District that is currently on display at Vision Exchange’s Sales Gallery in Jurong East. It covers both Jurong Gateway (for business) and Lakeside (for leisure). The image below shows the Jurong area in Master Plan 2014. There are 3 notable changes in the 2014 version.
1) Land parcel directly in front of Vision Exchange
The 2 plots of land that are directly in front of Vision Exchange have been rezoned as white site instead of the original commercial status. White sites give the developer the flexibility to develop the land for commercial, residential or hotel developments. It can also be developed for a mix of such uses. However, there may be accompanying guidelines for specific land parcels. The plot ratio has also been reduced from the original 7 to 3.5 and 4.2 respectively. The change in zoning gives greater flexibility on how the land can be used in time to come.
2) Hotel site (purple patch)
Two land parcels (for hotels) along Jurong Town Hall Road have been marked out. One of the plots was sold to Genting Singapore in 2012 and that is where the first ever hotel in Jurong is going to be sited. This hotel is expected to be up and running around mid 2015. The hotels in Jurong Lake District are expected to cater to both leisure and business travellers in time to come.
3) Big piece of reserve site
The big piece of reserve site directly opposite Vision Exchange was originally zoned for sports and recreation in Master Plan 2008. In the latest version, it has been zoned as reserve. This is indeed interesting as it is a big change from its previous zoning. Why? Could this be the site for the future Singapore to KL high speed rail? PM Lee has indicated previously in April 2014 that the station for the high speed rail would most likely be at Tuas West or Jurong East. There are two things to consider:
- With the government’s vision of transforming Jurong Gateway into the largest commercial hub outside the CBD, which would be a more suitable location to set up the station for the high speed rail?
- What kind of catalytic effect would it have for businesses and properties in Jurong Gateway should Jurong East be chosen as the site for the station?
The image below shows the Jurong area in the Master Plan for 2008.
Vision Exchange Phase 2 launch
Vision Exchange is the first ever strata title commercial launch available for sale in Jurong Gateway. Phase 2 sale starts 23rd July 2014. Contact us now for a presentation or to secure your desired unit in Vision Exchange.