Yes, according to the press release:

"2   The adjacent Bedok NEWater Factory (BNF), Singapore’s oldest NEWater production plant launched in the same year, will also cease operations on 31 July 2024 upon reaching the end of its operational lifespan. It will be replaced with a third NEWater factory at Changi Water Reclamation Plant (WRP), which will be more than double BNF’s production capacity. "

https://www.pub.gov.sg/Resources/News-Room/PressReleases/2024/06/NEWater-Visitor-Centre-to-close-on-31-July-2024
