The ballpark total development cost of S$2 billion, which includes high construction costs and land betterment charges, would derail the bank’s plans to return capital to shareholders
An ecosystem of amenities, community-bonding activities and, above all, daring prescriptive policies such as lowering the ABSD may be needed to liven up the CBD 24/7
It may be better to let market forces operate, and leave developers to decide whether to trigger the release of a reserve-list site with an office component in Jurong Lake District or the Core CBD