Debated in Parliament on 15 Oct 2024.
Mr Chua Kheng Wee Louis asked 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.
This question has recently been addressed in the written reply to the Parliamentary Question for the 10 September 2024 Sitting. We are currently reviewing both schemes and will provide updates when ready. [Please refer to "Effectiveness and Relevance of Central Business District Incentive and Strategic Development Incentive Schemes", Official Report, 10 September 2024, Vol 95, Issue 141, Written Answers to Questions section.]
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