Tanjong Pagar might become the next Marina Bay
The
Economic Strategies Committee (ESC) - a government agency that
"develops and recommend strategies to grow Singapore's future as a
leading global city in the heart of Asia" - has suggested that
Singapore convert the Tanjong Pagar port area into a waterfront city,
much like Marina Bay.Wonder if they'll spend hundreds of thousands on some foreign branding agency to help choose a new name for Tanjong Pagar.
Anyway, that area has a lot of potential for development. According to Grace Fu, Senior Minister of State for National Development,
This area is very attractive, it is
just at the fringe of the city, the size is comparable to another
Marina Bay and it can offer immense opportunities to support future
growth
Because
of its proximity to the Central Business District, Sentosa and
universities, Tanjong Pagar ‘will give us lots of elements to work on
and we’re quite excited about the potential’, she added.
When PSA
Corporation's lease on the land expires in 2027, the area can be
redeveloped into a business district with apartments, hotels, lifestyle
and tourism facilities.But at the moment, these strategies are just suggestions, nothing concrete will come out of it at this point of time. Still, it's always good to think ahead. More recommendations are on the way, especially on "Maximising Value from Land as a Scarce Resource" on 4th Feb 2010.