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
Add BT as a preferred source
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.
TRENDING NOW
Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage
Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Should you sacrifice some CPF Life income in favour of ILPs? Tread carefully
