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Aerial view of Bishan sub-regional centre
What is new in changes of URA master plan for Bishan?
The site of the announced BTO flats, which was until recently the site of a school, was already zoned for housing in the 2014 Master Plan. In the 2019 edition, however, the URA increased the plot ratio of the site from 3.5 to 4.2, meaning that there will be 20% more housing area than was originally planned. (according to HDB, it has said that the upcoming blocks will rise up to 39 storeys.)
But the real change for Bishan in this latest edition of the URA Master Plan 2019 isn’t about the BTO project. What truly captivates the imagination is URA’s change of plan for Bishan Town Centre. Originally designating the two plots of undeveloped land around Bishan MRT stations and interchanges for residential developments, URA has rezoned the plots as purely commercial sites.
The larger of the two sites is more than six football fields in area. With a plot ratio of 4.2, this development will be nearly double the size and scale of Novena Square/Velocity Mall. In time to come, Bishan residents can look forward to a mega shopping mall and office complex.
Why It Matters?
A commercial office-cum-retail-development, especially one that’s the size of the zoned site in Bishan, will undoubtedly be a highly sought-after amenity that could generate significant property value uplift in the estate. Furthermore, in keeping with the government’s decentralization efforts, it is likely that the offices here will come in the form of Grade A spaces like the ones at Paya Lebar Quarter, which has brought a new pool of high-income tenants into the area since its opening in 2019. (Notably, like Paya Lebar MRT, Bishan MRT is also an interchange station, so the area is well-prepared to be developed into a commercial centre.)
Cutting back on the number of plots zoned for residential at Bishan town centre will also create scarcity. A reduced supply means that demand for existing properties—from both buyers and renters—won’t be diluted. The upcoming BTO at Bishan will likely be the one and only BTO project in the town, and we also won’t be seeing any new condos in area, to the delight of Sky Vue and Sky Habitat residents surely.
Additionally, we expect some sort of upside across the entire Bishan town, and for condos located a stop away on the Circle Line (i.e. Lorong Chuan and Marymount MRT). HDB resale flats in the town, mostly built in the late 1980s and early 1990s, could pique buyer interest, especially from those unable to get their hands on the coveted BTO flats.
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Jadescape 顺福轩 which also known as Shunfu Ville. A brand new development developed by QingJian Realty. Situated off Marymount road, 📌 Jadescape 顺福轩’s location is within central region of Singapore and sit on vast land area of 408,927 sqft.
Also know as education district, many prestigious schools like Raffles Institution and newly completed Raffles Girls school too. The modern contemporary design development in District 20, comprising of total 1,206 units with selection of 1 to 5 bedroom 🗺 layouts. With in-depth analysis of Jadescape pricing and availability, selecting the RIGHT unit is essential to every home owner.
Jadescape 顺福轩 is a true masterpiece crafted by award winning architect, Paul Noritaka Tange. Featuring SMART home automation with highly functional layout furnished with top notch quality material to give every owner a luxurious living experience at Jadescape 顺福轩.
District 20 is always well known for its premium housing price range due to its strategic location within many good schools. Bishan MRT station is also serve as interchange for circle line & north-south line too. Read the price review of Jadescape 顺福轩. With just 3,775 private condominium units in Bishan / Thomson enclave, only handfuls of developments are within 10 years. The addition of Jadescape 顺福轩 proven to be strong in demand in future.
Jadescape 顺福轩 is likely to obtain its 📆 TOP status in 2021. Perfect timing for those who are looking for brand new luxurious home in bishan.
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