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
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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.
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