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HOCK LOCK SIEW

High hotel DC rates threaten to throw a spanner in the works for CBD Incentive Scheme

ON March 27 this year, the Urban Redevelopment Authority (URA) unveiled the CBD Incentive Scheme, offering 25 or 30 per cent additional gross floor area (GFA) to motivate owners of older, predominantly office buildings in some parts of the Central Business District (CBD) to redevelop their...