URA plans to decentralise economic activities and create a hierarchy of business centres which were introduced as early as in the Concept Plan 1991 through some regional centres.
These centres will not only bring jobs closer to homes, but also amenities and facilities for residents to enjoy. The Government plans and facilitates the development of these centres by ensuring that the necessary infrastructure is provided to serve the area efficiently.
These business centres are planned at major transport hubs or rail interchanges to enhance connectivity with the rest of the island so that they are attractive to workers, visitors, investors and businesses.
Economic and infrastructure agencies work together to market the different centres to investors and bring in a critical mass of businesses.
Cost savings is one major commercial space concern and to reduce cost, companies turned to decentralization while some qualified users opted to relocate to business parks.
More relocations over the next few years are expected as companies look for ways to lower rental costs and there is a steady stream of upcoming supply of commercial space in the city fringe and suburban areas.
One such regional centre is the Tampines Area. Tampines was developed as a regional centre, providing residents with more office and retail jobs in their neighbourhood. The East is also home to major employment hubs like Changi Business Park and other industrial areas as well as Changi Airport. More jobs will continue to be created in the East through the development of new job centres across the region. Together with new rail lines being implemented like the Downtown Line, residents will also be better connected to their workplaces.
New industrial and commercial developments are set to open in Pasir Ris Wafer Fab Park, Changi Business Park, Loyang Industrial Park and Changi Airport. These developments will create a range of additional jobs, meaning residents will be able to work closer to their homes and enjoy reduced commuting times.
Changi Business Park
Changi Business Park continue to expand as a vibrant business park for many multinational companies and is a great hub to employees. The Singapore University Of Technology And Design (SUTD), the fourth autonomous university, opened its campus at Changi in May 2015 and will offer potential tie-ups and collaborations with businesses in the park, while providing leading-edge educational opportunities, in areas such as modern engineering and architecture education.
Tampines itself is also being transformed. A new Draft Master Plan for Tampines North was announced in 2013.
Tampines North will be an extension of Tampines. The town will feature a linear park linking it to the existing Tampines Eco Green and Sun Plaza parks. It will include amenities like a commercial centre, community club, and primary and secondary schools. These new developments will boost the number of jobs available, giving residents the opportunity to work closer to home.
What residents can expect:
- New industrial sites within Tampines North along Tampines Avenue 10 and next to IKEA, Giant and Courts
- More employment and educational opportunities from the continued development of Changi Business Park and the Singapore University of Technology and Design (SUTD)
The infrastructure for the Tampines North industrial area, which is home to global tech companies such as Hoya Electronics, IBM and Siltronic, has been completed. The advanced display and high-tech wafer parks are also up and running.
Tampines is home to big-box retailers such as Courts Megastore, Giant Hypermarket and Ikea Tampines, which have been in operation since 2006. This is on top of the three malls located in Tampines Regional Centre next to the MRT station, namely Tampines Mall, Century Square and Tampines One.