Enabling the right mix of elements
Getting public and private interests aligned is key to realising CFE's goals, say property consultants.
Add BT as a preferred source
ANALYSTS in the real estate sector said that getting public and private interests aligned will be the key to realising the Committee on the Future Economy's (CFE) goals on building a vibrant and sustainable city.
The government appears to be anticipating that challenge. In an interview with The Business Times, National Development Minister Lawrence Wong says that the state will continue to offer extra gross floor area to property owners for building public spaces and connectivity infrastructure such as underpasses.
As part of its goal of creating a vibrant and connected city, the CFE recommended that Singapore continue to create new space by expanding its underground infrastructure and exploring the use of "master developers" to manage precincts.
Copyright SPH Media. All rights reserved.
