The post office, which has a history of more than 60 years on Alexander Road, will give way to more HDB flats. The latest revised proposal from the Urban Renewal Authority will allow developers to build more units.
Analysts interviewed said that due to the proximity to the Redhill MRT station and the city center, the pre-purchase HDB flats in question should be prime HDB flats, and the number of flats is expected to increase from the original 1,500 to 2,000 after the blueprint revision.
In addition, these lots along Orchard Road Kasgaden Road will be changed to lots where hotels and commercial buildings can be built, led by Ming Court, which was sold last year.
There is already an Orchard Londo Hotel next door, so this could increase the number of new hotel rooms in this area," said Cheng Tian Fu, provost chair professor of real estate at the National University of Singapore Business School. Given the recent increase in the number of tourists, etc., the demand for hotels could increase."
The nearby Fook Lam Shopping Center, voco Orchard Hotel and Hard Rock Restaurant, will also be converted to commercial use. Scholars believe developers could create iconic commercial uses here, which is expected to bring revitalization to Orchard Road.