Dr. Cheong Koon Hean, chief executive of Singapore’s Housing & Development Board (HDB), was presented with the J.C. Nichols Prize for Visionaries in Urban Development at a January 18 ceremony at the Fullerton Hotel in Singapore.

Known as a multicultural melting pot, Singapore is one of the world’s most forward-thinking cities on embracing density, sustainability, and livability as guiding principles for urban design and development in a resource-constrained environment.

Dr. Cheong Koon Hean, a widely acclaimed architect and urban planner credited with shaping much of Singapore’s urban landscape, has been named the 2016 recipient of the ULI J.C. Nichols Prize for Visionaries in Urban Development. Dr. Cheong, the 17th Nichols laureate and the first from Asia, was honored during the 2016 ULI Fall Meeting in Dallas.

Singapore’s Urban Redevelopment Authority has transformed Marina Bay into mixed-use urban neighborhood. public open space, and source of drinking water for the country’s 5.4 million residents.

A new report draws upon Singapore’s successful urbanization experience. Despite its population density, the city-state has consistently ranked favorably in various surveys measuring the livability and sustainability of cities around the globe.

As cities become denser, the cost of high-density parking begins to pencil out for developers—which is when the development of parking that automatically stores and retrieves cars becomes attractive.