One-North rezoning to double space for start-ups, including new AI park
JTC said the doubling of the permissible floor space lets it rejuvenate LaunchPad as an integrated development.
Singapore's One-North area will see a significant expansion of its start-up ecosystem, with zoning changes set to double the available floor space for facility construction, including a new artificial intelligence park. LaunchPad @ One-North, a 9.82-hectare hub for start-ups, incubators, accelerators, and venture capitalists, will see its gross plot ratio (GPR) raised from slightly above 1.0 to 2.5.
Since its inception in 2015, LaunchPad has accommodated over 2,400 start-ups, including Carousell, PatSnap, and Nium. The JTC Corporation, responsible for the redevelopment, plans to rejuvenate LaunchPad by consolidating it into one integrated development, featuring adaptive reuse of existing factories as Kampong AI's AI block and accommodation block.
The Ministry of Trade and Industry recently announced the establishment of a new AI park to attract promising start-ups. With the proposed rezoning, JTC will also introduce event spaces, sports facilities, networking areas, and additional food and beverage options across the estate. Moreover, enhanced sheltered connectivity between blocks, including new covered linkways, will be implemented.
Currently under construction, a tender for the AI block of Kampong AI, providing 14,500 sq m of business park space for up to 70 companies, was launched on July 29 and will close on August 24. Subsequent tenders for the accommodation block and estate improvements will be issued progressively.
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