SINGAPORE – More homes are set to be built in Toa Payoh, with a high-rise housing development expected to take the place of an empty school site in the western part of the town.
In a proposed amendment – published on Jan 20 – to the Urban Redevelopment Authority (URA) master plan, the agency rezoned a plot located about 200m from Caldecott MRT station from educational to residential use.
The URA said the plot will have a “high-density residential development”. It added that future residents will benefit from the site’s proximity to existing transport nodes.
Noting that there are already many HDB flats in Toa Payoh, Ms Christine Sun, senior vice-president of research and analytics at OrangeTee & Tie, said there should be pent-up demand for private housing in the town.
She added that such a development will likely be popular as the plot is located in a mature estate and near an MRT station.
Should the plot be used for public housing, demand is also likely to be strong, due to the relatively high prices of resale flats in the town, Ms Sun said.