Holland Village will enjoy a fresh injection of life with new mixed development, a community park and more pedestrian walkways.
These features will enhance an area already widely regarded as a successful enclave, but will not change its character.
In fact, the Urban Redevelopment Authority has classified the Holland Village area an "identity node", which means it will not lose the charm and ambiance that entice so many visitors and residents.
One of the proposed additions is a mixed-use project, which can involve commercial, retail and residential units.
It will be built on a former HDB site immediately behind existing commercial developments in Holland Village.
The land will be sold to a private developer within the next two years as part of the Government Land Sales Programme.
Two more sites will also be set aside for more homes, but it has yet to be decided if these will be for private or public housing.
The three plots could yield a total of 1,500 new homes, and will feature a mix of low, mid and high rise residential developments.
A new community park and urban plaza have also been proposed to create a public space for residents from surrounding housing developments to interact.
Holland Village's streets will also be made pedestrian-friendly, with a proposed access road that will divert traffic from the heart of the area.