CapitaLand Investment (CLI) is preparing to achieve net-zero discharges by 2050. In a May 31 news release, the firm claims it intends to reduce its absolute extent 1 as well as 2 greenhouse gas exhausts by 46% by 2030, up from 28% in 2019.
The Reserve Residences New Residential Development Near to Bukit Timah Nature Reserve
The Reserve Residences will be a 36-storey mixed-use development with residential units at the top. The development will be close to the Bukit Timah Nature Reserve and Upper Pierce Reservoir. The Reserve Residences will feature a pedestrian network linking to transport nodes and nature parks. The development is being developed by the Far East Organisation, a local firm. It is anticipated to be completed in 2021.
The Reserve Residences is one of the newest residential developments in Singapore, and it will be a striking addition to the neighborhood. The development will be located on the intersection of Jalan Jurong Kechil and Upper Bukit Timah Road. Its location offers residents a spectacular view of the hill and Bukit Timah Nature Reserve. The units also feature balconies, terraces and A/C ledges, which will allow residents to enjoy the views from their living spaces.
The Reserve Residences are located at Upper Bukit Timah, which is a residential component of a mixed-use development set against the backdrop of the Bukit-Timah Hill. This development is linked to the nearby Beauty World MRT station and aims to further enhance the neighbourhood’s status as an urban green village. Residents can expect a cosmopolitan lifestyle, with a mix of retail, F&B and civic spaces.
The brand-new net-zero dedication improves existing sustainability targets outlined in CapitaLand’s 2030 sustainability plan of attack introduced in October 2020. This consists of speeding up the transition to a low-carbon service, boosting water preservation as well as durability, and also allowing a round economy.
Lee Chee Koon, CLI’s group CEO, states the company is cognisant of its duty to add to Singapore’s net-zero carbon objectives and change to a low-carbon company almost everywhere it runs. “Achieving our brand-new passion to achieve internet no by 2050 calls for a myriad of campaigns and also we will remain to on a regular basis report our sustainability performance and influence,” he includes.
CLI’s carbon reduction approach to achieve its net-zero target will prioritise the decrease of power usage and enhancing power performances through innovative building designs as well as engineering solutions. CLI also intends to magnify implementation of on-site renewable resource where practical and purchase eco-friendly power while also going with renewable resource certificates as a last resource.