Can you show me the renewal news for Bayshore and East Coast?

The Bayshore and East Coast areas are undergoing significant transformations, driven by several key developments and government initiatives.

Bayshore Precinct

• The Bayshore area is anticipated to become a hot spot for residential development in the east region. A recent Government Land Sales (GLS) plot at Bayshore Road has been launched, marking the first private residential site in the upcoming Bayshore precinct, which spans 60 hectares of reclaimed land.
• The area will benefit from two MRT stations: Bayshore and Bedok South, part of the Thomson-East Coast Line (TEL), scheduled to open in 2024 and 2025, respectively. This will significantly enhance the connectivity and convenience of the area.

East Coast Renewal

• The concept for the East Coast, including Bayshore, is to promote healthy and balanced living. This involves integrating seaside protection measures with future reclamation plans, potentially including a new reservoir to boost Singapore’s food and water resilience.
• Older apartments in the Marine Parade Estate, particularly those built in the 1970s and 1980s, may benefit from the renewal plans. These apartments could be redeveloped under the Selective En bloc Redevelopment Scheme (SERS) to optimize land use, given the increased height restrictions allowing for taller buildings.
• The Thomson-East Coast Line (TEL) with stations at Marine Terrace and Parkway Parade will improve the ease and connectivity of the area, further enhancing its appeal.

Future Developments

• The Marina South, Marina East, and Straits View areas are being developed into an attractive live-work-play setting, integrated with efficient transport and quality infrastructure. This includes plans for 10,000 new residences in the Marina South area.
• The renewal of the Central Business District (CBD) and the introduction of the CBD Incentive Scheme and Strategic Development Incentive Scheme are expected to increase housing options and amenities in the City Centre, which could also impact the East Coast area positively.

These developments indicate a strong potential for growth and transformation in the Bayshore and East Coast regions, making them attractive for both homebuyers and investors.