How to make live-work-play work
Large-scale mixed-use projects can pose major risks for property developers, but can add a premium to pricing and offer recurrent income
Add BT as a preferred source
AMENITIES near your workplace. A home above your office. Shops and restaurants in estates island-wide.
Singapore is no stranger to the idea of "live-work-play" (LWP), but a flurry of interest in mixed-use developments is revving up the concept. The Urban Redevelopment Authority's (URA) master plan calls for a revitalisation of the Central Area - which includes the central business district (CBD), Marina Bay, Orchard, Bugis and Rochor, and it is working to develop what it dubs "a more polycentric urban structure" with business hubs in other parts of the island.
This approach "has created attractive blended precincts that provide a good variety of LWP options and self-sufficiency in each region", a URA spokesperson says.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
