31 Aug '17, 4am

Scrapping $5bil underground road frees up land, lifts restrictions | Property Market | PropertyGuru.com.sg

The cancellation of the 30km Singapore Underground Road System will free up land for other developments. The Urban Redevelopment Authority (URA) and Land Transport Authority (LTA) announced on Tuesday (29 August) that they have scrapped plans to build the 30km Singapore Underground Road System (SURS), freeing up the land originally intended for it, reported TODAYonline . According to experts, the government’s move will provide landowners and urban planners more flexibility to build lower or higher. It will also cut the cost and inconvenience for developers as they no longer need to consider the underground road’s alignment when planning and building their projects. SEE ALSO: North-South Corridor to be ready in 2026 With the restrictions related to SURS now gone, city planners can now allow developments with “higher plot ratio” on areas where this was not previously permitt...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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