URA may block CBD rezoning to to protect office space

The need to rejuvenate the old CBD and inject live-in population in the city area is necessary.

DBS said that this necessity should be answered despite knowing that a sufficient supply of office space is critical.

Urban Redevelopment Authority is understood to be reviewing whether a critical mass of office space should be safeguarded in the Central Business District to accommodate Singapore's growth as a financial and business hub. This is part of the study to review the Concept Plan 2011.

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