The quaint waterfront setting along the Kallang River will form the backdrop to a new high-density private residential precinct in Kampong Bugis, with around 4,000 new homes.
The 18ha area is bounded by Kallang Road and Crawford Street, and extends up to Rochor River and Kallang River.
Development may begin after 2016, said the Urban Redevelopment Authority (URA).
Tentative plans drawn up for the area include garden settings with seamless pedestrian connectivity.
Kampong Bugis residents will be encouraged to use their cars less and take the MRT more often, in a pilot project. The area has two existing MRT stations nearby: Kallang and Lavender.
There may also be car-sharing and bicycle-sharing schemes, but they will not be rolled out by the authorities, unlike in other cities.
Instead, the URA will encourage private-property developers to implement them.
Water taxis may also be an alternative way to commute around the area.
No fences will be erected around the private-housing developments, so that members of the public can enjoy the waterfront more.
Such fenceless designs have been explored in other developments, such as the one-north residences and Robertson Quay, and are designed to encourage community interaction and increase pedestrian connectivity.
Property analysts have said in earlier reports that the waterfront setting stands the Kampong Bugis area in good stead with investors and home buyers. Homes with waterfront views may be priced at the higher end of the market.
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