Sectors that will benefit are maritime, infrastructure, and technology. The Urban Redevelopment Authority (URA) unveiled the draft master plan for Jurong Lake District (JLD), aiming to achieve a Central Business District (CBD) with adaptable spaces for the future economy. According to Cushman & Wakefield director for research Christine Li, URA intends to leverage on JLD’s proximity to the High Speed Rail terminus and Tuas mega-port to create 100,000 new jobs in the maritime, infrastructure and technology sectors. "Given the standard space provision of 90 sq ft/worker, this would translate into a requirement of approximately 9 million sq ft of new office space," she said. She added, "As there is currently only approximately 1.6 msf of office space in Jurong, this would result in a more than 5 times increase of office stock in the area. There is also the question of whether URA will reduce the future supply of land parcels in Marina Bay to reduce the risk of an oversupply of office space islandwide." 🔗http://sbr.com.sg/commercial-property/more-news/jurong-lake-district-development-create-100000-new-jobs #investsg #investsingapore #juronglakedistrict #singaporecbd #singaporehome #singaporecommercialproperty #singaporeindustrialproperty #singaporeproperty #singaporerealtor #singaporeprivateproperties #singaporeresidential #singaporeoffice #singaporeshops #velleyeecm #velleyeecm.wixsite.com/propertyonline #lakegrande #lakeville #westconnect #hillstwoone #solacres #northparkresidences (at Singapore)












