The latest city development plan has introduced Special Commercial Zones (SCZs) along with revised guidance values to stimulate targeted economic growth and more structured urban expansion. These Special Commercial Zones are strategically designated areas meant to attract specific types of commercial activities such as technology hubs, financial centers, retail districts, and hospitality clusters. By earmarking these zones, the authorities aim to channel investments, create employment opportunities, and enhance infrastructure in a focused manner. The revision of guidance values within these zones reflects the anticipated surge in land demand, better infrastructure provisions, and higher economic activity associated with the planned developments.
The updated guidance rates for Special Commercial Zones are calibrated to align with the enhanced value potential of these areas, ensuring that property transactions are fairly priced and government revenue collections remain robust. Developers and investors are showing strong interest in these zones, recognizing the advantages offered by clear land use policies, superior connectivity, and integrated urban planning. The combination of focused commercial zoning and competitive guidance rates is expected to accelerate the launch of high-quality real estate projects, from office parks and retail centers to entertainment complexes and hospitality ventures, thereby reshaping the city’s commercial landscape.
By introducing Special Commercial Zones with revised guidance rates, the city development plan aims to foster more organized and sustainable growth, balancing economic ambition with urban livability. This initiative not only supports the diversification of commercial activities but also helps in decongesting overburdened central business districts by encouraging investment in newly planned areas. As a result, the city is poised to see a more balanced distribution of economic opportunities, improved infrastructure, and a dynamic real estate market that caters to evolving business and lifestyle demands.