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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

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