Chief among the proposals is increasing the number of residential developments and hotels by encouraging firms to convert existing office space. One suggestion involves boosting buildings’ so-called plot ratios – the higher the plot ratio, the more subdivisions of floor space that are allowed. These incentives will specifically target older-style buildings around central areas such as Anson Road, Cecil Street, Shenton Way and Tanjong Pagar.
(Apr 5): Living where you work and play may not seem like the ideal balance in terms of escaping the grind, but it’s a key plank of Singapore’s vision for its central business district.
Like many cities’ financial centres, Singapore’s is bustling by day and close to deserted during a weekend. The government hopes to change that and laid out details of how it aims to go about it in an urban draft plan released last month.
