Use underground space to boost retail in Singapore
An effective URA incentive scheme entails a delicate balance between the objectives of the state and the market, where profit matters.
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IN LAND-SCARCE Singapore, land optimisation is a strategic thrust that is achieved by reclaiming land, intensifying land use upwards, and building downwards.
However, there are limits to land reclamation and building upwards due to maritime and aviation constraints respectively. Therefore, unlocking underground space and synergising below and above-ground land use is the next frontier for Singapore.
To facilitate the growth of an extensive underground pedestrian network, the Urban Redevelopment Authority (URA) developed an Underground Master Plan to guide the construction of underground walkways in the Central Area.
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