The Greater Southern Waterfront (GSW) is a new and exciting development in Singapore that offers a wide range of opportunities for both residents and investors. Spanning over 30 kilometers of prime waterfront land, the GSW is set to transform the southern part of the island into a vibrant and diverse destination for living, working, and leisure.
The GSW is part of the government’s plans to create a more livable and sustainable city, with an emphasis on greenery and waterfront access. The area is set to feature a mix of residential, commercial, and recreational developments, as well as new transport connections to make it more easily accessible.
The purpose of this article is to provide an overview of the GSW and its various features, including its location, residential options, sustainability and environment, economic potential, and recreational and cultural amenities. By understanding these aspects of the GSW, readers will be able to make an informed decision about whether it is a good place to invest in and make a home.
Location and Accessibility
One of the main attractions of the Greater Southern Waterfront (GSW) is its location. The waterfront area offers stunning views of the sea and the city skyline, and is close to major transportation hubs such as the Marina Bay, Harbourfront, Pasir Panjang MRT stations and the future Keppel, Cantonment, Prince Edward MRT stations. This makes it an ideal location for both residents and businesses.
In addition to the MRT network, the GSW is also well-connected by bus and car, with major expressways such as the Ayer Rajah Expressway and the Marina Coastal Expressway running through the area. This makes it easy for residents and businesses to get around and access other parts of the city.
The GSW’s location also offers easy access to some of Singapore’s most popular attractions, such as the Marina Bay Sands, Gardens by the Bay, and Sentosa Island. This makes it a great place to live, work and play.
Overall, the GSW’s prime waterfront location and accessibility make it an ideal place for residents and businesses to call home. With easy access to transportation and popular attractions, the GSW is well-connected to the rest of the city and offers a high quality of life.
Future Residential Options
The Greater Southern Waterfront (GSW) offers a wide range of residential options for different lifestyles and budgets. The area will feature a mix of public and private housing, including new HDB flats and private condos. This will provide a variety of options for families, young professionals, and retirees.
First unveiled in 2022, HDB will build around 6,000 flats on the redeveloped waterfront site of Keppel Club, with the first Build-To-Order (BTO) project at the site to be launched by 2025. The new public housing estate will be designed to be car-lite and feature high-rise greenery and landscaped terraces.
The flats are expected to be launched under the Prime Location Public Housing model, which places limits on rental leases as well as a longer minimum occupation period before a flat can be resold, to keep new public housing in such locations affordable for Singaporeans.
Also, more prime land for the Greater Southern Waterfront will be available for redevelopment after the Port of Singapore Authority moves its terminals in Tanjong Pagar, Keppel and Pulau Brani to Tuas by 2027 and Pasir Panjang by 2040.
Sustainability and the Environment
The Greater Southern Waterfront (GSW) will have a strong focus on sustainability and the environment. The government plans to introduce new green spaces and waterfront promenades, as well as improve the existing parks and gardens in the area. This will provide residents with access to open green spaces, while also promoting a healthier and more sustainable lifestyle.
The GSW will also feature a sustainable transport network, with the expansion of the existing cycling and pedestrian paths, as well as the introduction of new bus and MRT services. This will encourage residents to use more sustainable forms of transportation, reducing their carbon footprint and improving air quality in the area.
In addition to these initiatives, the GSW will also feature a number of energy-efficient buildings, which will help to reduce energy consumption and greenhouse gas emissions. This will make the area more environmentally friendly, while also helping to lower the cost of living for residents.
Overall, the GSW’s focus on sustainability and the environment will provide residents with a healthier and more sustainable lifestyle, while also helping to protect the planet. With the combination of green spaces, sustainable transportation, and energy-efficient buildings, the GSW will be a great place to call home for those who care about the environment.
Future Recreational and Lifestyle Options
The Pasir Panjang Power District, located within the Greater Southern Waterfront (GSW) area, is a planned development that will repurpose the former power station sites into a new mixed-use development. The plans for the area include the development of residential, commercial, and retail spaces, as well as the creation of new public spaces and parks. The development will also include the preservation and adaptive reuse of the historic power station buildings, which will be transformed into cultural and community spaces.
Pulau Brani, an island located near the GSW area, is also set to be developed as part of the GSW project. The plans for the island include the development of a new waterfront city that will include residential, commercial, and retail spaces, as well as new infrastructure such as transportation links and public transportation. The development will also include the preservation and adaptive reuse of the existing buildings on the island, which will be transformed into cultural and community spaces.
The Pasir Panjang Linear Park is a proposed new park that will run along the coast of the GSW area, connecting the various neighborhoods and developments within the area. The park will feature a variety of recreational amenities such as walking and cycling paths, playgrounds, and public spaces for events and gatherings.
The former Tanjong Pagar Railway Station, which is located within the GSW area, is also set to be repurposed as part of the GSW development. The plans for the site include the preservation and adaptive reuse of the historic station building, which will be transformed into a new cultural and community space. The surrounding area will be developed as a mixed-use development that will include residential, commercial, and retail spaces, as well as new public spaces and parks.
Overall, the GSW development plans to create a vibrant and livable waterfront city, with a mix of recreational, cultural, and historical elements that will attract residents and visitors alike, and preserve the historical heritage of the area.
Current New Residential Developments Near or In The Greater Southern Waterfront
The GSW is an exciting new development that offers a wide range of opportunities for residents and investors alike. With its prime waterfront location, diverse range of housing options, strong focus on sustainability and the environment, and strong economic potential, the GSW is a great place to invest in and make a home.
The Greater Southern Waterfront area has not seen many new launches in the private residential property market recently, with some of the notable ones being Sky Everton, Avenue South Residences, One Bernam, and The Reef At King’s Dock. These developments have been selling well, with some reaching over 90% sold.
Some remaining units in One Bernam and The Reef At King’s Dock are currently priced attractively, considering the steep rise in land prices in the past two years. For example, transacted prices in the Ang Mo Kio Avenue 1 and Lentor Central sites (in the Outside Central Region) reached $2,100psf on average in 2021. These prices make One Bernam and The Reef At King’s Dock, located in the Greater Southern Waterfront, even more attractive with their superior locational attributes and potential for investment.
If you are interested to find out more about property investment in the Greater Southern Waterfront or elsewhere, please feel free to contact us.
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