Objective
This circular provides details of the Built Environment Transformation Gross Floor Area (BE Transformation GFA) Incentive Scheme. The scheme aims to encourage the greater adoption of enhanced Construction Industry Transformation Map (ITM) standards in areas of digitalisation, productivity and sustainability (“ITM Outcome Requirements”) in private sector developments. The greater adoption of ITM Outcome Requirements in private sector developments will contribute to the ongoing transformation of the BE sector to one that is more resilient, productive and sustainable.
Details of BE Transformation GFA Incentive Scheme
Background
BE Transformation GFA Incentive Scheme
Incentive Requirements and Application Process
Security Deposit
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1For avoidance of doubt, the BE Transformation GFA Incentive Scheme will not apply to public sector developments.
2The qualifying criteria of 5,000 sqm in GFA considers the fact that larger developments tend to achieve sizeable productivity and sustainability outcomes. Smaller developments of less than 5,000 sqm GFA may be considered on a case-by-case basis on agencies’ assessment.
3To further accelerate adoption of BE transformation measures, applications submitted under the Strategic Development Incentive (SDI) and Central Business District (CBD) Incentive Schemes will have to comply with stipulated outcomes in the areas of digitalisation, productivity and sustainability. The required ITM outcomes will be separately assessed in relation to the context of the proposal, upon submission of the outline application for the SDI/CBDI development proposal. ITM outcomes will be imposed as conditions for planning approval for redevelopment proposals via the SDI/CBD Incentive scheme. SDI/CBDI proposals will not qualify for the additional GFA under the BE Transformation Gross Floor Area Incentive Scheme.
4The maximum allowable number of dwelling units for residential developments located outside of Central Area is derived from the Master Plan permissible intensity, which excludes any bonus GFA the site is eligible for.
5The applicable DP/DC rate is pegged to the date of planning submission to URA where the BE ITM Bonus GFA is proposed and leading to a conveyance where the Built Environment Transformation GFA incentive scheme is first endorsed by URA and BCA.