Older business parks may need overhaul, say experts

Singapore Science Park 1 opened in the 1980s. Experts have highlighted the need for business parks to change constantly.
Singapore Science Park 1 opened in the 1980s. Experts have highlighted the need for business parks to change constantly. ST PHOTO: LIM YAOHUI

Some economic hubs, especially those that opened decades ago, may need an overhaul if they are to compete with new regional centres on the horizon, said industry observers.

Older industrial areas have plenty of years on the clock already: Singapore Science Parks 1 and 2 opened in the 1980s and 1990s, while International Business Park was set up in 1992.

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A version of this article appeared in the print edition of The Straits Times on May 21, 2019, with the headline 'Older business parks may need overhaul, say experts'. Print Edition | Subscribe