Singapore's Core R&D Hub Transforms into Residential Mixed-Use: A New Property Market Opportunity?

Singapore Science Park's Transformation Underway: Two Plots Rezoned for Residential Use, Yielding Up to 2,300 New Homes

The landscape of Singapore Science Park is undergoing a quiet yet profound transformation.

Recently, the Urban Redevelopment Authority (URA) announced the rezoning of two business park plots within Singapore Science Park for residential use. This land-use adjustment not only optimises land efficiency but also marks an exciting new chapter in the precinct's rejuvenation.

According to market analysis, the two parcels have a combined site area of approximately 96,466 sq m. With a gross plot ratio (GPR) of 2.0, they can yield a gross floor area (GFA) of nearly 193,000 sq m, potentially accommodating between 1,000 and 2,300 residential units, depending on whether they are developed into private homes or public housing (HDB flats).

Why Introduce Residential Homes to Singapore Science Park?

Business parks are currently facing challenges of rising vacancy rates and softening rents. Amid softer commercial demand, unlocking and revitalising underutilised land has become a key strategic move.

This forward-looking urban renewal initiative forms a crucial pillar of the Science Park rejuvenation master plan.

Historically, Science Park has experienced a "bustling by day, quiet by night" dynamic, much like the CBD of the past. Injecting residential supply not only brings living and working spaces closer together, but also transforms the precinct into a vibrant, round-the-clock community.

New Launches Setting Price Benchmarks, Surrounding Areas to Benefit

The first residential project in Science Park, LyndenWoods, was launched in late June. Comprising 343 units and slated for completion in 2029, it is just a 5-minute walk from Kent Ridge MRT station. Analysts widely anticipate that this development will establish a new pricing benchmark for the area.

Moving forward, Science Park is poised to attract professionals from **National University Hospital (NUH) and one-north**, fostering a high-calibre residential enclave that balances work and home.

Furthermore, this residential injection is also likely to provide solid price support for the neighbouring South Buona Vista area.

CapitaLand's 10-Year Vision: Reimagining Science Park into a 50,000-Strong "Live-Work Community"

As the master developer of Singapore Science Park, CapitaLand Development embarked on Phase 1 of its rejuvenation master plan a decade ago. The developer revealed plans to launch another one to two private residential projects alongside supporting retail amenities and commercial spaces, progressively curating a seamless "live, work, and play" urban ecosystem.

Their vision is to turn Science Park into a round-the-clock, sustainable, and thriving mixed-use community.

Phase 2 of Science Park's redevelopment will span over a decade and is currently in its early stages. Nevertheless, one thing is certain: this precinct—traditionally dedicated to R&D and life sciences—is undergoing a comprehensive urban revitalisation.

Seizing the Trend Is Key to Staying Ahead of the Curve

New residential developments in Singapore Science Park boast strong capital appreciation potential. They are an ideal choice for investors targeting a high-calibre tenant pool, owner-occupiers seeking proximity to one-north, NUS, and NUH, as well as long-term investors looking to position early in high-growth urban renewal zones.

Interested in LyndenWoods or upcoming Science Park launches? Leave a comment with ["Science Park"] to receive project e-brochures and floor plans!

Or connect with our Developer's Appointed Sales Team to receive first-hand updates on upcoming launches.

Singapore's most compelling live-work-play enclave may very well be Singapore Science Park. Now is the prime moment to position yourself.