WOODLANDS Regional Centre will house the first business park cluster in Singapore's northern area. Some land will also be carved out for small and medium-sized enterprises (SMEs), which will benefit from being close to Malaysia via a future cross-border rail link.
Woodlands Regional Centre is part of a larger commercial belt called the North Coast Innovation Corridor, first announced in the Government's Land Use Plan released in January.
This belt, which is slated to become a major source of jobs in the north and north-eastern parts of the island, runs east from Woodlands to Punggol, where a "learning corridor" and "creative cluster" will be developed.
A new tertiary institution will anchor the learning corridor. The Urban Redevelopment Authority (URA) has not identified the exact form this new school will take.
The creative cluster will contain "innovative industries with green areas, community spaces and waterfront views".
The draft plan has specific development targets for Woodlands North Coast and Woodlands Central, which together form Woodlands Regional Centre.
Woodlands Central will become a pedestrian-friendly retail hub with a mall linked to Woodlands MRT station and bus interchange. The business park cluster and land set aside for SMEs will be in Woodlands North Coast, which will offer jobs in the innovation and manufacturing sectors.
A tender next month for a commercial site at Woodlands Avenue 5 is likely to be closely watched, as this site would be one of the first catalytic projects for the North Coast Innovation Corridor development, said Knight Frank research head Alice Tan.
Source: Straits Times, 20 Nov 2013