Kampong Bugis risky for developers in light of hefty taxes and weakening sentiment

Kampong Bugis poses higher risk to developers in light of the hefty taxes and weakening market sentiment, said List Sotheby’s Interntional Realty .

URA also said that the Kampong Bugis precinct will focus on active mobility.A new underpass and footbridge planned across Crawford Street and connecting to Sims Avenue will make walking to Lavender and Kallang MRT stations easier and faster in the precinct. Designed for residents and families whose choice of mobility modes are primarily public transport, car dependency is likely to be low at Kampong Bugis.

“Kampong Bugis will be the first private residential precinct to pilot a district-level pneumatic waste conveyance system. There will be separate chutes for waste and recyclables, which will be collected at one central station through an enclosed ‘vacuum’ system. This collection method is not only cleaner, but will also minimise the number of refuse collection trucks plying the precinct.

Story continuesColliers International commenting on the Kampong Bugis site said, “Kampong Bugis should be attractive to a large developer or a consortium of developers as it offers a rare opportunity to plan and create an urban ecosystem, over a long term.”

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