SINGAPORE - AXA Tower, a landmark cylindrical-shaped building in Shenton Way, may well usher in a wave of redevelopment in the Central Business District under an incentive scheme announced at Wednesday's launch of the Draft Master Plan.
It is one of two schemes meant to incentivise developers to convert ageing developments to other purposes, such as hotels and residential use. The CBD Incentive Scheme applies to the Anson Road, Cecil Street, Shenton Way, Robinson Road and Tanjong Pagar areas, and is for predominantly office buildings that have been built or have had their last major refurbishment at least 20 years ago.The sites stand to get a plot ratio increase of between 25 per cent and 30 per cent, depending on location and land use, which may range from a hotel to a condominium with shops on the ground floor.
Awful building in a good location. Knock it down and start again
Duit rokyat?
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