logo
Use land owned by Johor Regent and state near Botanic Gardens for HDB homes and wellness resort.

Use land owned by Johor Regent and state near Botanic Gardens for HDB homes and wellness resort.

Business Times16-06-2025
[SINGAPORE] Could some new luxury low-rise apartments or landed homes be coming up soon in prime District 10 near the Singapore Botanic Gardens? Such private homes are likely to be well-received by buyers as they sit in a desirable established residential enclave.
The recent announcement of the land-swop agreement between the Singapore government and the regent of Johor (ROJ), His Royal Highness Tunku Ismail Sultan Ibrahim, paves the way for the ROJ to develop land in the Holland Road area.
The land swop involves the Johor royal exchanging a 13 hectare (ha) site (Plot C, in map), located closer to the Singapore Botanic Gardens, with the government for an 8.5 ha site (Plot A) that belongs to the state.
Tunku Ismail will continue to own an 8.1 ha site (Plot B) which sits in between the said two sites. The Johor royal family has owned the freehold plots B and C for generations.
Bound by Holland Road and Tyersall Avenue, the three land plots have a combined area of about 29.6 ha or 3.2 million square feet. Plots A and C have a comparable value.
After the land swop, the ROJ may develop plots A and B, which are suitable for low-rise and low-density residential uses. Meanwhile, the government will keep Plot C undeveloped initially.
A NEWSLETTER FOR YOU
Tuesday, 12 pm Property Insights
Get an exclusive analysis of real estate and property news in Singapore and beyond.
Sign Up
Sign Up
The land-swop deal appears to be a win-win situation for the government and the ROJ. Perhaps, the government will, in the future, use Plot C to expand the Singapore Botanic Gardens, which is a Unesco World Heritage site.
And the ROJ stands to make sizeable financial gains from developing homes for sale on plots A and B, although the intensification of land use could draw hefty land betterment charges.
Nonetheless, on reflection, might better uses be found for the 29.6 ha of prime land? Maybe, subject to changes to permitted land use, the land can be used for developments that include public housing, a wellness resort and a private healthcare facility.
Public housing
The Housing and Development Board (HDB) has built eye-catching high-rise HDB developments such as The Pinnacle@Duxton in Tanjong Pagar and SkyVille @ Dawson in Queenstown.
Possibly, the HDB can build new low-rise apartments in the Holland Road area to expand choice in the public housing market, which houses about eight in 10 Singapore residents.
Give HDB residents an opportunity to live in modern low-rise homes near the Singapore Botanic Gardens, thus giving them access to a wonderful green lung and a great place for walking and jogging.
Moreover, building new HDB homes in a location largely dominated by private housing will help broaden the socio-economic profile of the neighbourhood's residents.
Amid a rapidly ageing population, having HDB flat typologies that cater to the needs of elderly Singaporeans, who may be keen to live near the Singapore Botanic Gardens, could also be introduced in the Holland Road land plots.
Wellness resort
The 29.6 ha of Holland Road area land can also be used to generate good financial returns from developing a wellness resort, private medical facilities and ancillary retail offerings.
Wellness is a major theme in the hospitality sector. And the fight for the lucrative luxury tourist who will spend on premier and differentiated experiences is fierce.
A top-in-class wellness-focused resort that leverages the Singapore Botanic Gardens can be a unique offering, which adds to the Republic's allure for high-spending leisure tourists as well as visitors to meetings, incentives, conventions, and exhibitions (Mice).
Recently, the Mandai Rainforest Resort by Banyan Tree, which is nestled within the Mandai Wildlife Reserve, opened for operations. Might a similar offering be a useful addition to the nature-centric resorts in urban Singapore?
Being in a tranquil setting near the Singapore Botanic Gardens, and yet close to the prime lifestyle Orchard Road area, could also make the land suitable for private healthcare facilities targeting wealthy Singapore residents and South-east Asians. After all, the wealthy medical consumer is much sought-after by the city-state and regional destinations.
Land is scarce in Singapore. Yet, with forward planning, there can be sufficient land to comfortably cater to the variety of living, work and play needs on this island.
The Urban Redevelopment Authority's Master Plan, which shows the permissible land use and density for developments in Singapore, will guide the Republic over the next 10 to 15 years. This plan, which is reviewed every five years, helps ensure that there is ample land available to house a growing population, cater to business expansion and so forth.
Placemaking
However, having sufficient land to live, work and play needs to be supplemented by having great spaces. Placemaking helps make cities magnets for talent. And Singapore's long-term success hinges on whether it can be a great home for talent.
The scale and location of the combined 29.6 ha of land in the Holland Road area near the Singapore Botanic Gardens owned by the government and the Johor regent offer exciting potential to create something useful for the community – innovative and unique, yet financially viable.
The Singapore government and the ROJ should consider seeking ideas from architects and the public on how best to use the said plots A, B and C. They could then consider working together or with other partners to jointly develop the land plots, guided by the principles of community impact, innovation and financial discipline.
Perhaps, a consultation exercise will yield better ideas – than low-rise HDB homes and a wellness resort – for the 29.6 ha of land, which will create social impact and economic value.
Ultimately, may the goal be to create exciting new developments in the Holland Road area land plots that will enhance how Singapore residents live, work and play.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NDR 2025: 4 things PM Lawrence Wong is set to address, Singapore News
NDR 2025: 4 things PM Lawrence Wong is set to address, Singapore News

AsiaOne

time6 hours ago

  • AsiaOne

NDR 2025: 4 things PM Lawrence Wong is set to address, Singapore News

Prime Minister Lawrence Wong will deliver his National Day Rally (NDR) speech from 6.45pm onwards on Sunday (Aug 17) at the Institute of Technical Education College Central. In a Facebook post on Friday afternoon, PM Wong offered a preview of his speech, saying that he will be sharing more about the government's plans for the economy, the young and seniors. PM Wong will also talk about how Singapore will chart its way forward beyond SG60. The uncertain economic outlook, and the need for Singapore to rise above the new challenges has been a recurring theme since General Election 2025. During the swearing-in of the new Cabinet on May 23, PM Wong reiterated that developing a new economic blueprint to sustain Singapore's competitive advantage and creating good jobs for Singaporeans is a priority for the Government. Earlier in August, Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong unveiled five new committees to strengthen Singapore's economic relevance amid geopolitical and technological uncertainties. DPM Gan, who also heads the Singapore Economic Resilience Taskforce, also detailed Singapore's Economic Strategy Review (ESR) which will chart a "forward-looking economic blueprint" to sharpen Singapore's economic competitiveness and deepen its economic resilience. More recently, PM said in his National Day message on Aug 8 that Singapore will refresh its economic strategy to "stay ahead" and "remain exceptional". Given the correlation between the economy and jobs, this is expectedly a key area of interest for Singaporeans - both fresh graduates, and those in the workforce. The National Day Rally will be broadcast on local TV channels and radio stations, and will also be live streamed on the YouTube channels of PM Wong and the Prime Minister's Office. Live updates on the rally will also be available on PM Wong's WhatsApp and Telegram channels. [[nid:721235]] editor@

'Don't start a business—buy one': How Flippa helps Singaporeans become entrepreneurs
'Don't start a business—buy one': How Flippa helps Singaporeans become entrepreneurs

Independent Singapore

timea day ago

  • Independent Singapore

'Don't start a business—buy one': How Flippa helps Singaporeans become entrepreneurs

SINGAPORE: Plenty of Singaporeans want to be entrepreneurs. And that means launching their own company. But starting from zero means a lot of uncertainty before you even see a cent, on top of long hours and restless nights. But the easier route? Buying your own business. Despite the economic uncertainty of the last few years, the entrepreneurial dream is alive and well among Singaporeans. A 2019 study by NUS Enterprise found that a number of non-founder alumni had an interest in starting their own business. This year, a Mastercard study noted that 64% of Gen Z women in Singapore considered entrepreneurship. 2023 saw ACRA, the government agency responsible for business registration, report more than 70,000 new companies being formed. This was in contrast to 50,000 businesses closing down. Entrepreneurship in Singapore is skewed towards startups in sectors like technology, fintech, and biotech. In comparison, buying an existing business is much less common. But that could change with Flippa, an Australian mergers & acquisitions (M&A) company with its roots in Melbourne, that lets people buy and sell online businesses. And it's placed a wager on Singapore as its Asian entry point. 'We saw a huge gap in the market,' says Fiona Laidlaw, Flippa's APAC Lead. 'There was no platform offering investment banking-style mergers & acquisitions (M&A) services to everyday business owners or buyers. That's what Flippa is—investment banking for the 99%.' From side hustlers to serious investors Flippa is a marketplace for online businesses, dealing in assets like e-commerce stores, YouTube channels, content websites, online courses, and software as a service (SaaS) companies. And many are cash flow positive, generating six or even seven figures in annual revenue. And for people who want to be their own boss or build up a passive income? This means skipping years of trial and error without having to lose a case in the near term. 'Back then, small business owners didn't really have an exit path,' Laidlaw says, reflecting on Flippa's early days in 2009. 'Some would say they'd just retire and let the business die. That's a loss for everyone—clients lose their service, and founders leave value on the table. We want to change that.' Flippa claims that it has over 6,000 active buyers, ranging from individuals and family offices (FOs) to private equity (PE) funds. The platform typically deals in digital businesses priced ranging from $100,000 to $5 million. Some buyers count these as an investment. Others view it as a way to become their own boss without starting from zero. Flippa's focus on Southeast Asia comes at a telling moment. Laidlaw explains: 'We attended an event in Singapore and were shocked—many founders here didn't know they could sell their business. There was no real online M&A solution in this part of the world.' Since then, Singapore has become Flippa's APAC base as it zeroes in on the region. Flippa plans to deepen its footprint in Vietnam, Thailand, and India. Each market offers something unique. Vietnam? An e-commerce hub. Malaysia? Ideal for SaaS. Meanwhile, Singapore and Hong Kong remain financial powerhouses and buyer centres. The kind of businesses buyers want Laidlaw says the fastest-growing segments include YouTube channels, B2B SaaS companies, and what she calls 'autonomous content' businesses. These are ventures that don't depend on a founder's personal brand. 'We're working on a listing for an English course platform run by contract teachers. The owner isn't the face of the brand. That detachment increases valuation—buyers want assets they can take over easily,' she explains. She highlights how investors value businesses with recurring revenue, low churn, and strong intellectual property (IP). Why? All these qualities make them easier to run and expand. Micro PE & ease-of-use Beyond full business acquisitions, Flippa is also tapping into micro private equity (micro PE). This means acquiring smaller but profitable businesses in the $100K–$5M range. 'Why spend tens of millions on a company with high burn when you can buy something smaller, profitable, and ready to scale?' Laidlaw asks. Flippa has also launched Flippa Invest, a service that lets people buy partial shares in businesses. While not fully rolled out globally due to licensing rules, it's a small step in making digital M&A more accessible. The platform's approach also combines tech with human expertise. It's AI-powered buyer matching, which works like TikTok or Instagram's recommendation algorithm, surfaces relevant businesses for buyers based on their interests. It also offers Flippa Pay, a secure payment service that supports currencies like the Singapore dollar. In addition, it partners with local law firms to handle the legal side of deals. For Laidlaw, it's all about lowering barriers for new investors and sellers. 'We want smooth transactions,' she says. 'Our role is to guide both sides, making the process as stress-free as possible.' Why this matters for Singaporeans Singaporeans aren't strangers to side hustles. Many focus on building something new, but buying an existing business means getting straight to profitability. And for those looking to move on to new projects from their online hustle? Whether it's a niche blog, Shopify store, or digital course, Flippa's platform offers them a way to sell their business, an exit strategy some might never have considered. 'Many Singaporean founders don't realise they can sell,' Laidlaw says. 'That's changing, and we're seeing strong repeat activity from sellers here.' In the local scene, Flippa's growing its deal flow by working with the likes of Google AdSense, Amazon Global, and Crib to spread the word. Other players it's tied up with include local accelerators, VC funds, and founder networks in the startup space. With entrepreneurship often glamorised — but with high personal and financial stakes attached — Flippa opens another door. It lets Singaporeans own, grow, or sell a business with a lot less guesswork. As Laidlaw sums it up: 'For Singaporeans, this is the perfect time. There's demand, there's liquidity, and there are opportunities waiting. You don't need to reinvent the wheel. Just buy it, and grow it.'

Developers' sales surge 250% on month to 940 units in July on flood of new condo launches
Developers' sales surge 250% on month to 940 units in July on flood of new condo launches

Business Times

timea day ago

  • Business Times

Developers' sales surge 250% on month to 940 units in July on flood of new condo launches

[SINGAPORE] Developers in Singapore sold 940 private homes in July, up 245.6 per cent from the month before, and 63.2 per cent from the 576 units a year earlier, data released by the Urban Redevelopment Authority showed on Friday (Aug 15). Analysts said the surge in transactions came as new condo launches flooded the market after the seasonal lull in June. They also noted that buyers were unfazed by the recent upward revision of seller's stamp duty rates and the extension of the holding period to a fourth year. The top seller during the month was Lyndenwoods, CapitaLand Development's first residential project at the Singapore Science Park, which sold 97 per cent or 331 of its 343 units, at a median price of S$2,463 per square foot, said Knight Frank Singapore's head of research Leonard Tay. New launches in the Core Central Region (CCR) – The Robertson Opus and Upperhouse at Orchard Boulevard – also sold 'extremely well', highlighting the resilient demand for prime CCR homes and strong fundamentals in Singapore's property market, said Huttons Asia's senior director of data analytics Lee Sze Teck. The Robertson Opus and Upperhouse chalked up sales of 59 per cent and 43 per cent, respectively, Tay pointed out. 'With these launches in the CCR there is an observable shift in buyer sentiment from previous positions of muted interest to a growing willingness to consider a reasonable premium for new product,' he added. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up Despite the strong sales in CCR projects, the proportion of sales priced above S$2.5 million was 44.3 per cent last month, compared with 50.7 per cent in June 2025, said Lee. 'Developers had priced their projects below the sweet spot price which helped to lift sales of CCR projects.' Including executive condominiums (ECs), 1,311 units were sold in July with 2,275 units launched, versus the 613 units sold and 616 units launched in the same month in 2024. In comparison, 305 units were sold and 103 units were launched in June 2025. Among the three segments, the Rest of Central Region led in condo and private apartment sales, accounting for 54.5 per cent of sales. This was followed by the CCR, which accounted for 38 per cent of primary sales, and the Outside Central Region, which made up 7.4 per cent of new sales last month. Singaporeans made up 85.7 per cent of buyers in July, while permanent residents accounted for 12.4 per cent, said Lee.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store