URA Draft Master Plan 2019 Higher Plot Ratios In CBD For Converting Offices To Hotels

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Source: https://www.businesstimes.com.sg/real-estate/ura-draft-master-plan-2019-higher-plot-ratios-in-cbd-for-converting-offices-to-hotels

As part of the key objectives of the Central Business District (CBD) Incentive Scheme, URA aims to reposition the CBD to a district that is not just meant for work and business, but to convert it into a mixed-use and vibrant area where residents could live and play in.  Hence, the incentives are in place to help rejuvenate the CBD by encouraging transformation of already existing and older office buildings to mixed-use developments.

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