The Urban Redevelopment Authority (URA) will offer an increase in gross plot ratio for areas within Singapore's central business district (CBD) to encourage the conversion of existing office developments to the hotel and residential uses, Minister for National Development Lawrence Wong said on Wednesday.
The Urban Redevelopment Authority (URA) will offer an increase in gross plot ratio for areas within Singapore's central business district (CBD) to encourage the conversion of existing office developments to hotel and residential uses, Minister for National Development Lawrence Wong said on Wednesday.
That change will fall under a new CBD Incentive Scheme that is part of a broader plan to boost the live-in population within the city's central area with a variety of homes and amenities in places such as downtown, Marina South and Rochor to enable more people to live near workplaces and amenities. The CBD Incentive Scheme will apply to the Anson Road, Cecil Street, Shenton Way, Robinson Road and Tanjong Pagar areas.
Tan Quee Lan Residences is a new launch mixed development was released by The Urban Redevelopment Authority Singapore (URA) as a part of Government Land Sales. The condo located at 09 Tan Quee Lan Street which is bounded by North Bridge Road, Rochor Road and Beach Road at the Central Region of Singapore. The residences sit on the land size of close 125,000 sqft with the plot ratio 4.2 and consist of approximate 585 residential units. From the condo, can easily access with Bugis MRT Station and The City Hall MRT Interchange.
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As part of its Draft Master Plan 2019, URA also envisages opportunities to inject unique, short-term uses for vacant state properties and land to bring about greater vibrancy and create public spaces for more to enjoy.
“For the CBD, the vision is to continue to transform it into a well-connected and vibrant mixed-use district offering a dynamic and innovative business environment,” URA said on Wednesday morning.
“Agencies are also studying the possibility of transforming Robinson Road into a transit-priority corridor for public transport and active mobility.” For instance, more space can be given to buses, cycling paths and pedestrian walkways.
Furthermore, active and convenient commuting within the city will become a reality by 2021, with the addition of more than five kilometers of cycling paths to the existing 22-km network in the Central Area. “Building owners are being encouraged to provide facilities such as bicycle parking, showers and lockers to make traveling to work – via active mobility – more conducive,” URA added.
Adapted From The Business Times