Gov't offers GFA bonus to encourage adoption of District Cooling systems
Owners may either install a new system or make use of an existing one.
Building owners will be eligible for a Gross Floor Area bonus if they install new District Cooling systems or make use of an existing one, Minister for National Development Desmond Lee announced.
"I am glad to share that my colleagues at URA (Urban Redevelopment Authority) will introduce new incentives to encourage more building owners to adopt District Cooling Systems in their buildings," Lee said.
The new incentive supports the government’s strategy to expand the implementation of district cooling systems.
In 2016, Singapore launched the Marina Bay District Cooling Network, which now is the world’s largest underground cooling system.
Lee said the network plays a crucial role in Singapore's efforts to enhance sustainability.
Meanwhile, Lee also applauded the efforts of the Cooling Singapore team, including their development of a Digital Urban Climate Twin.
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