Community spaces in mixed-use projects are great, but who pays?
Cost of community, green spaces partly 'paid' by state through lower land cost, say analysts. Buyers, tenants also inclined to pay more for amenities
Singapore
WITH developers incorporating greenery and community spaces in upcoming mixed-use developments, the question begs to be asked - who ultimately foots the bill for such features?
Notably, Far East Organization and sister company Sino Group recently snagged the 99-year leasehold commercial and residential site at Jalan Anak Bukit for S$1.028 billion in a state tender which ran under a dual-envelope tender system.
Located at …
A NEWSLETTER FOR YOU
Property Insights
Get an exclusive analysis of real estate and property news in Singapore and beyond.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
DBS puts 46 retail units, HDB shops on market for S$210 million
US mortgage rates jump above 7% for the first time this year
Far East Shopping Centre back on market at unchanged S$928 million asking price
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases