CHANGES TO CBDI, SDI Plans
The CBDI and SDI plans may be improved in two way.
Second, Mr. Lee said developments in the Anson and Cecil regions will now have more room to move forward with their commercial uses as a result of the CBDI system, as long-stay handled apartments are permitted.
Long-stay serviced rentals require residents to stay for at least three times, in contrast to standard handled rooms, which have a minimum hire period of seven days.
Office improvements in the Tanjong Pagar, Robinson Road, and Shenton Way areas, where retaining business use planning was permitted under the CBDI program if a significant portion of business area was converted to non-commercial uses, were previously limited to this freedom.
According to Mr. Lee, the change aims to provide more housing options for those who want to reside close to their places of employment and city amenities. Following industry feedback, Anson and Cecil’s expansion of this option may increase the CBDI scheme’s appeal.
Second, new sustainability standards will be added to redevelopment proposals as a result of the updated CBDI and SDI schemes.
According to Mr. Lee, applicants will be required to submit a sustainability statement that evaluates the viability of retrofitting a portion or all of the existing building. The Urban Redevelopment Authority,  , Building and Construction Authority, and other relevant authorities will review the sustainability statement.
An additional carbon optioneering assessment, which weighs the carbon emission trade-offs of different development scenarios, may also be required for planning approval.
According to him,” This means that our developers and building owners will now have to look at ways to reduce the environmental impact of redevelopment in order to qualify for the incentives.”
While the government supports efforts to revitalize and rejuvenate the city center through redevelopment, Mr. Lee emphasized the need to avoid “wasteful demolition and excessive rebuilding, especially if the buildings are relatively young or still in good shape.”
” Precious resources and embodied carbon make up existing buildings,” according to the statement. He continued,” Tearing down buildings prematurely, especially if they are young buildings, would not only waste valuable resources, but also generate significant carbon emissions through the demolition and rebuilding process.”
Mr. Lee claimed that striking a balance between brand-new redevelopment and retrofitting and enhancement is essential to achieving the industry’s net zero target goals.