About Bayshore New Condo Site

Bayshore Site

In a significant development for Bayshore’s future waterfront neighborhood, the 1H2024 Government Land Sales (GLS) program has unveiled the very first private development site in the area. Situated on Bayshore Road, this expansive 105,486 sq ft site has made its debut on the Reserve List.

The Reserve List designation means that this site will only be made available for public tender when a developer submits a minimum acceptable price to the government. Bayshore is earmarked for future waterfront residential development, with plans for approximately 10,000 new homes. Remarkably, around 70% of these planned residential units will be allocated for public housing.

According to the Ministry of National Development, the release of this first private housing site on Bayshore Road is poised to kickstart the development of the entire waterfront estate. If it successfully goes to tender and is awarded, this new development could potentially yield a total of 480 private residential units.

On the flip side, it’s possible that despite the site’s attractiveness and potential for first-mover gains, developers may approach it cautiously. Tricia Song, head of research for Singapore and Southeast Asia at CBRE, suggests that given the ample supply on the 1H2024 Confirmed List, we might not see this site triggered for the next six months. It could potentially be listed on the Confirmed List later, thus initiating the development of the Bayshore estate.

Bayshore Site GLS

 

Bayshore GLS Site Location

Bayshore is renowned for its stunning coastal location, offering breathtaking sea views and a tranquil environment. This proximity to the beach provides a serene and picturesque setting, ideal for those who love the ocean and seek a peaceful retreat from the bustling city life.

Despite its relatively serene setting, Bayshore is well-connected to the rest of Singapore. The area is serviced by the Bayshore MRT station (due to be completed by 2024), part of the Thomson-East Coast Line, enhancing the connectivity significantly. Additionally, major expressways like the East Coast Parkway (ECP) provide quick access to the city center and other parts of Singapore.

 

Location Map

Street View

 

Lifestyle Living in Bayshore GLS Site

The East Coast Park, one of Singapore’s largest and most beloved parks, is just a stone’s throw away. This provides residents with ample opportunities for recreational activities such as cycling, rollerblading, picnics, and water sports. The park’s scenic coastline is also perfect for leisurely walks or simply enjoying the sea breeze.

Bayshore offers a range of lifestyle and shopping amenities. Nearby malls like Parkway Parade and Bedok Mall cater to shopping and dining needs, while the Bedok Food Centre offers a taste of local cuisine. Additionally, the area has various international and local schools, making it convenient for families with children.

The area boasts a mix of private condominiums and public housing, offering a variety of living options to suit different preferences and budgets. These residential spaces are known for their spacious layouts and modern amenities, providing a comfortable living environment.

Bayshore maintains a close-knit community feel, with a mix of locals and expatriates. This diversity fosters a vibrant and inclusive community, making it an ideal place for cultural exchange and socializing.

 

Potential of the Bayshore New Condo Site

Bayshore in Singapore offers a unique blend of coastal serenity, excellent connectivity, recreational activities, comprehensive amenities, diverse residential options, and a vibrant community, making it an ideal location for both living and investment.

Experts in the field find this Reserve List plot exceptionally appealing, raising optimism for its sale. Ismail Gafoor, CEO of PropNex Realty, notes its strong selling points, such as its proximity to the upcoming Bayshore MRT station on the Thomson-East Coast Line, along with the likelihood that most units will offer captivating, unobstructed views of East Coast Park and the sea. All these factors contribute to the project’s anticipated high level of buyer interest.

This unveiling marks a significant milestone since there wasn’t any GLS site along Bayshore Road in over two decades. Leonard Tay, head of research at Knight Frank Singapore, predicts a heightened interest from developers due to the development of the Long Island reclamation and the ongoing expansion along the eastern coast of Singapore.

With ongoing developments and enhancements in infrastructure, Bayshore is poised for growth, making it an attractive option for investors and homeowners alike.

 

Specification

SiteBayshore
Land UsageResidential (Non Landed)
Site Area0.98ha
Planning AreaBedok
Estimate Units480
Plot Ratio4.2

 

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Review of Bayshore GLS

Bayshore New Condo
Bayshore Site

In a significant development for Bayshore's future waterfront neighborhood, the 1H2024 Government Land Sales (GLS) program has unveiled the very first private development site in the area.

Product SKU: Bayshore New Condo

Product Brand: Property Review

Product Currency: SGD

Product Price: 2550000

Product In-Stock: InStock

Editor's Rating:
5