Singapore's city planning in terms of economic aspects is characterized by a
strategic approach to fostering sustainable economic growth, promoting
innovation, attracting investments, and enhancing competitiveness.
Strategic Land Use Planning: Singapore's urban planning involves careful allocation of
land for various economic activities, including commercial, industrial, residential, and
recreational purposes.
Integrated Transportation Infrastructure: Singapore's transportation infrastructure is
designed to facilitate the movement of goods, services, and people efficiently within the
city and beyond. The city-state boasts a well-connected network of roads, ports, airports,
and public transit systems, including Mass Rapid Transit (MRT) lines and buses, which
supports the flow of goods and labor, enhances accessibility to markets, and reduces
transportation costs for businesses.
Business-friendly Policies: Singapore is known for its pro-business environment and
favorable regulatory framework. The city-state offers various incentives, tax breaks, and
grants to attract foreign investments, encourage entrepreneurship, and stimulate
economic activities.
Sustainable Development and Green Economy: Singapore integrates principles of
sustainability and environmental stewardship into its urban planning strategies. The city-
state promotes green building practices, energy efficiency, and renewable energy
initiatives to reduce carbon emissions and enhance resource efficiency
Financial Center and Global Connectivity: As a leading financial hub in Asia,
Singapore's urban planning prioritizes the development of the financial services
sector and global connectivity. The city-state hosts a vibrant financial district
with a concentration of banks, financial institutions, and fintech companies
Singapore's urban planning aims to create a conducive environment for businesses
to thrive, promote economic diversification and resilience, and enhance the city-
state's position as a global economic powerhouse.