JTC's measured approach seen allowing fine-tuning
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Kalpana Rashiwala
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Singapore
JTC seems to be taking an incremental planning approach through the proposed intermediate zone between Business 1 (B1) and commercial uses. Had it opted for a big-sweep rezoning of some areas of Singapore from say B1 use to the new zone, that would cause major problems for both owners and tenants of B1 premises.
JLL head of South-east Asia research Chua Yang Liang said: "A step-by-step measured approach will allow JTC to test-bed the proposed zone, study the impact and adjust the concept if necessary before widening its implementation. To do a widespread change of use overnight from B1 could create severe knock-on effects in the market.
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