Mixed-use developments to underpin transformation of the Central Business District into a place to live, work and play.
The CBD Incentive Scheme and Strategic Development Incentive (SDI) schemes are both part of the URA Master Plan 2019, with an aim to transform a mostly commercial downtown of today into a mixed-use downtown of tomorrow.
By blending two or more land uses such as residential, office, retail and hospitality, mixed-use developments not only allow for greater convenience and reduced commute time for occupiers, they also offer potentially higher blended rents and capital values than pure office buildings, while diversifying risks for investors.
Colliers identifies over 20 buildings of million sq ft of office space that may qualify for the CBD Incentive Scheme in the Shenton Way/Tanjong Pagar district. Download this Flash report to find out Colliers' forecast and recommendations for the office property and investment sales sectors in Singapore.