MCT to benefit from revamp of Greater Southern Waterfront: DBS

DBS Group Research on Monday noted that the goverment's efforts to rejuvenate the Greater Southern Waterfront area offers significant opportunities for developers, with Mapletree Commercial Trust standing to gain as VivoCity, which is owned by the trust, is likely to remain the"bedrock of the GSW rejuvenation".

This comes after Prime Minister Lee Hsien Loong on Sunday shared plans on the development on the GSW in his speech during the National Day Rally. "This offers significant opportunities for developers as the government looks to reshape GSW as a new 'live, work and play' precinct starting with up to potentially 9,000 new residential development homes at the site currently occupied by Keppel Club, on which there is a remaining two-year land lease," the report highlighted.

With the relocation of Pulau Brani Terminal, plans are also underway to turn it into an island of fun and recreation to complement the offerings at Sentosa, which itself is undergoing a rejuvenation."Plans for a Downtown South resort mirroring NTUC's Downtown East resort will over time bring more holiday-goers, and families to the vicinity, driving visitations to both Sentosa and VivoCity," the analysts explained.

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