Data on Proposals Received, Rejected and Approved under CBD Incentive Scheme and Strategic Development Incentive Scheme
Ministry of National DevelopmentSpeakers
Summary
This question concerns data regarding proposals for the CBD Incentive Scheme (CBDI) and Strategic Development Incentive Scheme (SDI) as raised by Mr Chua Kheng Wee Louis. Minister Desmond Lee reported that the Urban Redevelopment Authority received twelve outline applications for CBDI with eight in-principle approvals and four for SDI which all received in-principle approval. Under CBDI, developments are permitted a maximum intensity increase of 25% or 30%, while SDI increases are determined by site-specific factors like urban design and infrastructure capacity. These schemes aim to rejuvenate strategic areas by encouraging the conversion of older buildings into mixed-use developments with larger live-in populations. Minister Desmond Lee stated that the government will continue monitoring market trends and engaging industry professionals to transform the surrounding urban environment.
Transcript
22 Mr Chua Kheng Wee Louis asked the Minister for National Development (a) to date, what is the number of (i) proposals received (ii) proposals rejected and (iii) approvals given under the CBD Incentive Scheme and Strategic Development Incentive Scheme respectively; and (b) what are their respective average percentage increases in development intensity.
Mr Desmond Lee: The Urban Redevelopment Authority (URA)'s Central Business District Incentive Scheme (CBDI) is intended to encourage the conversion of existing older office buildings in the CBD into mixed-use developments, so as to inject a larger live-in population and greater amenity mix to rejuvenate the CBD. URA's Strategic Development Incentive Scheme (SDI) encourages the redevelopment of older buildings and precincts in strategic areas across Singapore to positively transform the surrounding urban environment.
To date, URA has received 12 outline applications under CBDI, of which eight have been given in-principle approval. URA has received and given in-principle approval for four outline applications under SDI.
Developments approved under CBDI are allowed a maximum increase of 25% or 30% in their development intensity, based on their Master Plan Gross Plot Ratio (GPR) or Approved GPR, whichever is higher. For SDI, the allowable increase is dependent on the specifics of each site, such as the urban and architectural design concepts, infrastructure capacity, environmental contributions to the surrounding areas.
We will continue to monitor the market trends and needs, engage developers and industry professionals, to work towards rejuvenating our CBD and other strategic areas.