CBD Incentive Scheme
In March 2019, URA introduced a set of incentives to encourage the conversion of existing, older, office developments into mixed-use developments to help rejuvenate and reposition our CBD as a 24/7 mixed use district. The incentives are applicable to sites located within selected parts of:
For the rest of the Central Area, conversion of surplus car parking spaces to similar non-office uses listed in Table 1 is also highly encouraged, in line with the planning intention to inject more live-in population in the city.
Additional GFA
Surplus Car Parking Spaces
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1See the following circulars for reference:
a. URA/LTA's joint circulars on Conversion of Surplus Car Parking Spaces (Circular No: URA/PB/2016/06-DCG dated 15 April 2016 and Circular No: URA/PB/2018/09-DCG dated 9 Nov 2018); and
b. URA's Circular on Rejuvenation Incentives for Strategic Areas: Central Business District (CBD) Incentive Scheme (Circular No: URA/PB/2019/04-CUDG) dated 27 March 2019.
2This will not apply to development applications which have already been granted Written Permission before 3 Aug 2020.
3Surplus car parking spaces are created when the car parking spaces provided within a development exceeds the minimum requirements under LTA’s prevailing car parking standards.