Build more CBD offices; go slow on decentralised offices and CBD homes

[SINGAPORE] While many premier office buildings are clustered in Singapore’s bustling Central Business District (CBD), there are established decentralised office nodes islandwide in areas such as Alexandra Road, Buona Vista, Jurong, Novena, Paya Lebar and Tampines.

However, the growth of decentralised office locations suffered a blow when the Urban Redevelopment Authority (URA) did not award the master developer white site at Jurong Lake District (JLD). 

Developing the 6.5 hectare JLD site was envisaged to yield at least 1.5 million square feet (sq ft) of office space, up to 1,700 homes, and close to 800,000 sq ft of space for other uses such as retail and food and beverage; and help propel the development of Singapore’s largest business district outside the CBD.