Riding the Greater Southern Waterfront wave

View of Keppel Club golf course – where 9,000 new homes will spring up in the future (Credit: Samuel Isaac Chua/ EdgeProp Singapore)
In his 2019 National Day Rally speech on Aug 18, Singapore Prime Minister Lee Hsien Loong shed more light on the Greater Southern Waterfront (GSW) project first announced in 2013, then expanded in the 2019 URA Master Plan.
“The GSW will mark a new chapter in Singapore’s real estate development, presenting significant opportunities to developers, businesses, investors and home buyers,” comments Ong Teck Hui, JLL senior director of research & consultancy. “The initiative will redefine and enhance existing sub-markets as well as create new ones that would offer new locations, different ambience and lifestyles to homebuyers.”
There has been renewed interest in the upcoming GSW area, notes Ismail Gafoor, CEO of PropNex. “The excitement stems from the fact that for a nation, such long-term plans for the next 10 to even 40 years show great foresight.”
The Greater Southern Waterfront will cover a 30km coastline stretching from Pasir Panjang terminal to Gardens by the Bay East (Credit: Prime Minister's Office Singapore)

Six times the size of Marina Bay

Stretching across 30km of the southern coastline from Gardens by the Bay East to Pasir Panjang, the GSW will cover a 2,000ha swathe of land – six times the size of Marina Bay and double the size of Punggol. It includes the PSA city terminals at Tanjong Pagar, Keppel, and Brani, which will be relocated to Tuas by 2027; as well as Pasir Panjang Terminal, following its relocation to Tuas Port by 2040.
“This will free up prime land for redevelopment,” said PM Lee. “It will be an opportunity to reshape the GSW into a new place to live, work and play.”
One of the first new developments on the GSW announced by PM Lee is the existing Keppel Club site, where the lease will expire in two years. The plan is to redevelop the site into a housing precinct with a mix of 9,000 private and public housing units, interlaced with waterfront promenades, greenery and open...