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Private investment in the CBD
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Private investment in the CBD
Some key dynamics and initiatives of note relate to the five-pillar plan adopted by the City some years ago:
To decrease and eventually eliminate the sinkholes.
To increase the ripple pond investments.
To support the economic sectors.
To intensify urban management.
To maintain and upgrade infrastructure.
A new breed of developers has emerged to tackle challenges and entrepreneurial projects at both the residential and commercial end of the spectrum. With office earnings potential remaining muted, 2004 saw the listed sector as net sellers of assets to the new turn-around entrepreneurs, many of whom are investing in residential stock.