This is sold because the COVID-19 pandemic has”sharpened the requirement” to Singapore’s Central Business District (CBD) to possess more mixed-development jobs, amenities, in addition to a larger residential population, reported TODAY mentioning URA.
Therefore, the authorities CBD Incentive Scheme is well-placed to adapt this changing trend.
“Specifically, the CBD Incentive Scheme, which aims to change the CBD into lively mixed-use neighbourhoods rather than becoming a mono-use office-centric district, is well-placed to adapt these changing tendencies,” TODAY quoted a URA spokesperson as saying.
Unveiled with all the 2019 Master Plan, the strategy provides incentives for building owners and land developers to change the old parts of the CBD into imaginative lifestyle improvements with resorts and homes.
Underneath the 2019 Master Plan, the government intends to build 20,000 houses in central Singapore, which comprises the CBD.
The URA hopes to see changes in people’s retail intake, lifestyle and commuting patterns as more people work from house.
“There’s possible for us to fortify the ease and availability of conveniences inside our neighbourhoods,” said the URA spokesperson. “The evolution of our gateways can help distribute demand and deliver jobs much closer to our houses.”
To make certain the city-state is still a secure living environment, the URA intends to boost the design of public spaces. It is going to also continue to prioritise greenery supply by planning for much more open spaces and parks nearby areas where folks work and live.