Financial incentives for energy infrastructure:
To encourage the private sector to develop buildings that attain higher tier Green Mark ratings (i.e. Green Mark Platinum or Green Mark GoldPlus), BCA and the Urban Redevelopment Authority (URA) has introduced a set of Gross Floor Area (GFA) incentives on 29 Apr 2009. [...] The quantum of GM GFA allowed under the Scheme is up to 1% for Green Mark GoldPlus and up to 2% for Green Mark Platinum, subject to a cap of 2,500 sqm for GoldPlus and 5,000 sqm for Platinum.[....]The GM GFA Incentive Scheme will apply to all new private developments, redevelopments and reconstruction developments [...]. Existing private developments are also eligible for GM GFA scheme if they undergo “substantial energy efficiency (EE) enhancements” to achieve high GM rating [...].The quantum of GM GFA allowed under the Scheme is up to 1% for Green Mark GoldPlus and up to 2% for Green Mark Platinum, subject to a cap of 2,500 sqm for GoldPlus and 5,000 sqm for Platinum.
Investment climate development:
To encourage the private sector to develop buildings that attain higher tier Green Mark ratings (i.e. Green Mark Platinum or Green Mark GoldPlus), BCA and the Urban Redevelopment Authority (URA) has introduced a set of Gross Floor Area (GFA) incentives on 29 Apr 2009.