23 Aug '16, 8am

Singapore is trying out parking MAXIMUMS for the first time:

The Urban Redevelopment Authority (URA) has imposed a cap on the number of carpark spaces that can be built on a site - the first time it has made such a provision. The URA imposed the limit on the Marina Bay mixed-use site triggered for launch last week, citing its good public transport links as a reason for it needing fewer parking spaces. Future sale sites with comparable transport connections could face similar measures, the URA noted. The move comes as the Land Transport Authority (LTA) said it is reviewing car parking standards "to achieve more optimal use of space", it told The Straits Times yesterday. Car parking provision for the 1.1ha white site in Central Boulevard has been capped at 80 per cent of the minimum Car Parking Standards (CPS) set by the LTA. Previous sites sold by the Government typically required a developer to comply with these minimum standards. C...

Full article: http://www.straitstimes.com/business/property/ura-sets-li...

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