More than 20,000 homes could be built in the city centre, which the Central Business District is part of, so that it does not become a ghost town at night.On top of this, the Government will give developers a higher gross plot ratio - a measure of how intensely a land parcel can be developed - to nudge developers to convert ageing offices into hotels and homes.
Other highlights include a new 50km Greater Rustic Coast along the northern coast and three-dimensional district-level underground plans to help building owners and developers plan for the future. They will get a plot ratio increase of between 25 per cent and 30 per cent, depending on their location and land use, which could range from a hotel to a condominium with some shops on the ground floor.
The Draft Master Plan guides Singapore's development over the next 10 to 15 years and is reviewed every five years. Housing plans for other neighbourhoods in the Central Area - like Rochor, Farrer Park, which will have a sporting emphasis, or Keppel, which will feature waterfront housing - are still under detailed study.
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Source: BusinessTimes - 🏆 15. / 51 Read more »