It’s the idea of stepping out of your apartment and into your favourite coffee joint, then taking a quick train ride to your office. It’s also the joy of meeting friends in the city after work, and later heading out for a run in the park near home. The URA’s “Live, Work, Play” mantra – as Singaporeans are rediscovering – connects us to mixed-use neighbourhoods that provide for most of our needs, improving our quality of life.
Singaporeans are busy living and working, and keeping core business areas relevant to everyday living has long been a consideration for our urban planners. New business districts, improved infrastructure and better transport links all serve as opportunities to create a sustainable cohesion of residential, work, and rest areas all in one. Ultimately, creating lifestyle-focused environments improves the liveability of regeneration areas, which gets property investors excited about the increase in demand and prices.
Live, Work and Play has been so successful in the Marina Bay precinct – as shown by the rapid development of offices, condominiums and leisure hotspots – that plans are now underway to export the concept to outlying districts. One eagerly awaited master plan is the Greater Southern Waterfront – set for regeneration into a new major gateway for urban living. Planners envision a waterfront promenade that will seamlessly connect green and open spaces while extending our current city-line to improve accessibility between office and residential zones.
Projection of The Greater Southern Waterfront
Over the years, regeneration and transport upgrades have created new demand and underpinned residential market performance globally. And this effect has been particularly notable in London. One of the city’s largest, most successful regeneration schemes has been the Vauxhall, Nine Elms and Battersea (VNEB) Opportunity Area. An area described by Boris Johnson as having “huge potential to make a significant contribution to London’s economy.” And of this large stretch that runs from Lambeth Bridge all the way through to Chelsea Bridge alongside the River Thames – no address is more important than one at Battersea – right smack at the heart of London’s best regeneration project.
Battersea is traditionally a residential estate for Londoners, but more notably, where Prince William sent his children to study. With the ongoing regeneration masterplan, new residential projects and the £9 billion Battersea Power Station in the works, Battersea will soon offer over 1.25 million square feet of commercial space and 700,000 square feet of retail space to bring in more amenities that can enhance the quality of living in Battersea.
Today, Battersea is already a major transport hub, but it is set for further development to increase its connectivity to the rest of London. By 2021, the Northern Line Tube extension will cut journey times to Central London and the West End to just 15 minutes, making Battersea an ideal base for business and leisure travelers alike.