City Dope Limited (CDL) eyes to become a master programmer in Singapore, building an entire precinct or district as opposed to smaller, specific parcels, reported Business Times (BT).
CDL Group General Supervisor Chia Ngiang Hong shared that the one chance the business intends to gain its “master programmer” condition is Kampong Bugis, which lies beside Kallang Basin.
Launched under the reserve list of the Government Land Sales (GLS) programme in December 2019, the 8.3-hectare Kampong Bugis website was allocated for future residential usage, with the possibility to yield approximately 4,000 brand-new homes similar to the fastest growing condo Parc Central Residences EC, so you can also view Parc Central Residences Showflat and check about Parc Central Residences Floor Plan.
Chia, who also acts as Head of state of the Property Developers’ Association of Singapore (REDAS), noted that this would offer the company “an excellent land financial institution over the longer term” ought to CDL be chosen as the master programmer of the beachfront precinct.
Separately, he called on the government to evaluate the Extra Customer’s Stamp Obligation (ABSD) plan for designers, to encourage prudent land bids, in addition, to alleviate some pressure off developers.