{"id":119979,"date":"2021-01-21T02:16:20","date_gmt":"2021-01-20T19:16:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/stakeholders-suggest-selling-larger-plots-creating-landmark-developments-at-jurong-lake-district\/"},"modified":"2021-02-02T17:52:12","modified_gmt":"2021-02-02T10:52:12","slug":"stakeholders-suggest-selling-larger-plots-creating-landmark-developments-at-jurong-lake-district","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/stakeholders-suggest-selling-larger-plots-creating-landmark-developments-at-jurong-lake-district\/","title":{"rendered":"Stakeholders suggest selling larger plots, creating landmark developments at Jurong Lake District"},"content":{"rendered":"


\nExperts believe that suggestions such as selling bigger sites with attractive option schemes will provide developers the flexibility to explore new development concepts that are hard to realise in the city centre.
\nThe Urban Redevelopment Authority (URA) has invited property developers, businesses and investors to share ideas for the development of Jurong Lake District.
\nOnce completed, the district is expected to provide more than 100,000 new jobs as well as 20,000 new homes.
\nAmong the ideas suggested include selling bigger sites with attractive option schemes, reported The Business Times (BT) citing URA\u2019s Group Director for Physical Planning Yvonne Lim.
\nThis will provide developers the flexibility to explore new development concepts that are hard to realise in the city centre.
\nThe industry stakeholders also recommended holding signature events and creating landmark attractions and developments.
\nRecommended article:\u00a0Will The High Speed Railway Project Termination Affect Property Prices in Jurong?
\nThey also proposed activating the \u201cpublic realm through placemaking and provide exciting food and beverage (F&B), retail and lifestyle options that are different from those downtown\u201d, said Lim at a recently held seminar organised by the Building and Construction Authority and the Real Estate Developers\u2019 Association of Singapore.
\nPlacemaking involves proactively managing public spaces to promote stronger relationships within the community. It also requires local communities and business owners to work together to promote and activate their precincts, according to the URA\u2019s website.
\nSeparately, Lim revealed that URA supports possible future shifts within the real estate sector.
\nIn fact, it has been engaging industry stakeholders to understand the changing demands and business models, said BT.
\nSuggested read:\u00a0Is It Ideal to Live Near Malls in Singapore?
\nF&B operators, for instance, are increasingly interested in cloud kitchens, while more \u201cdark stores\u201d emerge in the grocery scene.
\nDark stores refer to fulfilment or distribution centres catering exclusively to online shopping.
\nLim said URA is studying policies while coming up with strategies to improve liveability of the built environment as well as facilitate new business models.
\nShe added that pilots have been developed to repurpose spaces to support last-mile business-to-consumer (B2C) deliveries.
\nPossible pilots include designating collection points in collaboration with mall owners and food delivery platforms and using car parks as designated spaces for logistics firms to store parcels for walkers.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s Listings, Project Reviews and Guides.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Stakeholders suggest selling larger plots, creating landmark developments at Jurong Lake District<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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