#singapore #property Gentrifying Geylang: This city-fringe district, too often associat... https://t.co/Hn2zzBQdB5 https://t.co/RB54jtapsc
In January of this year, the Urban Redevelopment Authority (URA) asked for public feedback on the rezoning of the areas between Lorong 2 and Lorong 22, as well as Geylang Road and Guillemard Road. Uses in the area would change from residential and institutional, to commercial and institutional. At the time, the URA said this was to “better manage issues arising from conflicting uses”. These changes went into effect without any fanfare on 10 July 2015. While the plot ratio remains the same at 2.80, commercial land generally has higher value than residential, because of the potential income it can generate.