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Draft Master Plan 2019 Implications for the CBD

28/03/2019
The Draft Masterplan 2019 reflects Singapore planners’ people-centric approach to achieving sustainable growth through continuous innovation to enhance the attractiveness of the city.

Our report provides insights into the Draft Master Plan 2019 of the Urban Redevelopment Authority (URA) of Singapore, including 

  1. CBD Incentive Scheme implications
  2. Suggestions to property developers in relation to the CBD Incentive Scheme
  3. Implications of the increase in plot ratios for CBD land parcels 
  4. Outlook for the developments along Orchard Road
  5. Opportunities for tech companies in one-north

Some of the key highlights for property developers include:

  • Due to the potential wave of conversions of office developments into residential properties and hotels, office supply could be even tighter in the medium term.
  • The increase in plot ratios for numerous CBD land parcels provides an impetus for landlords of ageing assets in prime locations to redevelop their properties.
  • More tech companies are moving their headquarters to the one-north precinct, thus providing opportunities around the area for residential property developers.

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