Parking woes in CBD to get worse

Parking woes in CBD to get worse

The struggle for parking amid a growing carpark crunch in Singapore's congested Central Business District (CBD) means that a sizeable portion of the estimated 200,000 professionals based there choose not to drive to work. And the parking situation is likely to get worse.

Going by a transport masterplan released last week, the Land Transport Authority expects the CBD parking supply to "gradually decrease over time as older buildings make way for newer buildings".

The district lost 704 carpark spaces in July 2011 after CapitaCommercial Trust (CCT) decided to turn Market Street Carpark into a new office development called CapitaGreen. The next carpark to disappear could be CCT's 10-storey Golden Shoe Carpark on Market Street with 1,053 parking spaces, according to media reports last year.

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