{"id":47106,"date":"2022-01-03T07:28:54","date_gmt":"2022-01-02T23:28:54","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=47106"},"modified":"2022-06-13T17:35:35","modified_gmt":"2022-06-13T09:35:35","slug":"uras-revitalisation-plan-house-hunting","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/uras-revitalisation-plan-house-hunting\/","title":{"rendered":"URA’s revitalisation plan proposal contest for these integrated malls – What does it mean if you’re house-hunting?"},"content":{"rendered":"
<\/div>

The Urban Redevelopment Authority (URA) and the Real Estate Developers\u2019 Association of Singapore (REDAS) have teamed up to launch the third URA-REDAS SPARK Challenge<\/a>.<\/p>\n

The challenge seeks ideas from the public to raise the quality of the urban environment based on current issues faced by Singapore and our build environment.<\/p>\n

This year\u2019s theme is \u2018Enlivening Public Spaces\u2019 and calls upon members of the public to submit their ideas for innovative design interventions to promote bonding and interaction within public spaces in mixed-use developments and shopping malls.<\/p>\n

Through the proposed design innovations to revitalise the malls, visitors and shoppers who frequent the areas will be able to enjoy a new array of fresh and exciting experiences to interact with each other as well as the public spaces.<\/p>\n

\u201cTo support businesses and citizens in tandem with the country\u2019s progressive reopening, we look forward to design solutions from the public that will enhance the vibrancy and inclusiveness of public spaces, and in turn, encourage the resumption of rich and meaningful interactions in our community,\u201d said Mr Lim Eng Hwee, URA\u2019s Chief Executive Officer.<\/p>\n

Participating malls<\/span><\/strong><\/h2>\n
\"URA<\/a>
There are 14 malls in 4 different precincts participating in the mall revitalisation competition<\/figcaption><\/figure>\n

There are a total of 14 malls participating in this revitalisation challenge, an increase of four malls from the ten malls in the previous edition.\u00a0<\/span><\/p>\n

Two of the four participating host developments are\u00a0<\/span>Business Improvement Districts<\/span><\/a>\u00a0(BID), a business-led and -funded body by the private sector. It aims to enhance the vibrancy of a precinct through targeted marketing, hospitality and events.\u00a0<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Pilot BIDs\/Precincts<\/b><\/td>\nDevelopments & Shopping malls<\/b><\/td>\n<\/tr>\n
Marina Central Pilot BID (CCR)<\/b><\/td>\nMarina Square<\/td>\n<\/tr>\n
Millenia Singapore<\/td>\n<\/tr>\n
South Beach<\/td>\n<\/tr>\n
Suntec City<\/td>\n<\/tr>\n
Paya Lebar Central Pilot BID (RCR)<\/b><\/td>\nPaya Lebar Quarter Mall<\/td>\n<\/tr>\n
Paya Lebar Square<\/td>\n<\/tr>\n
SingPost Centre<\/td>\n<\/tr>\n
Jurong Gateway Precinct (OCR)<\/b><\/td>\nIMM<\/td>\n<\/tr>\n
JCube<\/td>\n<\/tr>\n
Westgate<\/td>\n<\/tr>\n
JEM<\/td>\n<\/tr>\n
Orchard Precinct (CCR)<\/b><\/td>\norchardgateway<\/td>\n<\/tr>\n
Orchard Central<\/td>\n<\/tr>\n
The Centrepoint<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The malls are evenly located in all three regions in Singapore, which may signal the rise in popularity of more heartland malls such as those in Jurong, instead of focusing marketing and revitalisation efforts in CCR malls.<\/span><\/p>\n

Singaporeans love their malls<\/b><\/h2>\n

Shopping malls are a permanent fixture in every Singaporeans\u2019 life, whether they visit it to buy their daily amenities or to window shop on the weekend. There are over 171 shopping malls<\/a> in Singapore as of 2022, which speaks volumes of how much Singaporeans love to shop.<\/p>\n

Malls that see more hustle and bustle tend to positively affect the value of property in the surrounding vicinity. Having more interactive installations in otherwise under-utilised spaces encourages increased activity, and incentivises more people to visit the participating malls and developments.<\/p>\n

This in turn signals to recognised brands and companies that they should establish a presence in those malls, leading to a positive feedback loop of attracting more visitors in the long term.<\/p>\n

How will this affect properties around the area?<\/span><\/strong><\/h2>\n

A high number of people still working from home, malls in the OCR or RCR may see more footfall as residents spend more time in the neighbourhood. If you\u2019re a house hunter trying to decide between a handful of properties, taking into consideration which malls URA is focusing on revitalising might help you narrow down your decision.\u00a0<\/span><\/p>\n

Established malls are more likely to offer better amenities, entertainment, food and retail options, which will lead to homebuyers wanting to live within the nearby vicinity. This demand will in turn drive property prices up, especially if the mall is conveniently located near an MRT station.<\/p>\n

However, due to the fact that these are temporary installations, it ultimately doesn\u2019t make much of a difference in one\u2019s home buying journey.\u00a0<\/span><\/p>\n

Instead, it would make more sense to focus on more permanent changes, such as the upcoming developments<\/a> of Jurong Lake District (JLD), Jurong Innovation District (JID) and Tuas Port. By 2035, there will be four MRT lines serving the district, so residents and visitors can enjoy enhanced accessibility to the rest of the island, including direct connections to the CBD, Changi Airport and JID.<\/p>\n

You can check out URA’s Master Plan<\/a> to stay up to date and informed about new developments in various regions in Singapore that are currently undergoing development.<\/p>\n

\n

Which district undergoing revitalisation are you most excited about? Let us know in the comments section below or in our Facebook post<\/a>.<\/b><\/h2>\n

If you found this article helpful,\u00a099.co<\/a> recommends checking out URA Master Plan for property buyers: How to read and understand it<\/a> and 5 ways the new URA size restrictions can affect you.<\/a><\/p>\n

Looking for a property? Find the home of your dreams today on Singapore\u2019s fastest-growing\u00a0property portal 99.co<\/a>! If you would like to estimate the potential value of your property, check out\u00a099.co\u2019s Property Value Tool<\/a>\u00a0for free. Meanwhile, if you have an interesting property-related story to share with us, drop us a message\u00a0here<\/a>\u00a0\u2014 and we\u2019ll review it and get back to you.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Urban Redevelopment Authority (URA) and the Real Estate Developers\u2019 Association of Singapore (REDAS) have teamed up to launch the third URA-REDAS SPARK Challenge. The challenge seeks ideas from the public to raise the quality of the urban environment based on current issues faced by Singapore and our build environment. This year\u2019s theme is \u2018Enlivening…<\/p>\n","protected":false},"author":123,"featured_media":47117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53653,57131],"tags":[55166,54047,54958,53624,54902,53680],"persona":[],"class_list":{"2":"type-post","15":"entry","16":"has-post-thumbnail"},"acf":[],"yoast_head":"\nURA's revitalisation plan proposal contest for these integrated malls - What does it mean if you're house-hunting? - 99.co<\/title>\n<meta name=\"description\" content=\"URA's is currently running a contest to revitalise 14 malls located across Singapore. 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