Written answer by Ministry of National Development on feedback from developers on CBD Incentive Scheme and Strategic Development Incentive Scheme

Oct 15, 2024

Question No: 6198

Question by: Mr Edward Chia Bing Hui

To ask the Minister for National Development (a) what feedback has URA received from developers regarding the CBD Incentive Scheme and Strategic Development Incentive Scheme; (b) whether these schemes will be renewed after they end in November 2024; and (c) if so, what parameters of these schemes will be changed, if any.

Answer:

This Question has recently been addressed in the written reply to the Parliamentary Question on the Central Business District Incentive and Strategic Development Incentive schemes, during the 10 September 2024 Sitting. We are currently reviewing both schemes and will provide updates when ready.