Call to pace development of Jurong Lake District
Analysts suggest that future launches of land supply be carried out with an eye on overall demand and supply
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THE Jurong Lake District (JLD) is seen as having the right ingredients to become Singapore's second central business district, but its planning cannot be done in isolation from other growth areas and the core CBD, market watchers say.
JLL head of research and consultancy Tay Huey Ying said, for example, that given Singapore's small economy and the lack of hinterland to support demand for office space, it would be better to focus efforts on developing a few, instead of many, growth areas at a time.
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