The Economic Strategies Committee (ESC) - a government agency that "develops and recommend strategies to grow Singapore's future as a leading global city in the heart of Asia" - has suggested that Singapore convert the Tanjong Pagar port area into a waterfront city, much like Marina Bay.
Wonder if they'll spend hundreds of thousands on some foreign branding agency to help choose a new name for Tanjong Pagar.
Anyway, that area has a lot of potential for development. According to Grace Fu, Senior Minister of State for National Development,
When PSA Corporation's lease on the land expires in 2027, the area can be redeveloped into a business district with apartments, hotels, lifestyle and tourism facilities.
But at the moment, these strategies are just suggestions, nothing concrete will come out of it at this point of time. Still, it's always good to think ahead. More recommendations are on the way, especially on "Maximising Value from Land as a Scarce Resource" on 4th Feb 2010.