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Singapore Cracks Down On "Shoe Box"-Sized Apartments

Oct 18, 2018 Picture:  Singapore’s Urban Redevelopment Authority (URA) on October 18 announced an upcoming regulatory change for the city state’s property developers, mandating that the average size of new private flats outside the central area will have to be at least 85 square meters in average of gross floor area, up from previously 70 square meters, a far cry from some shoe box-sized apartments having been built and sold in the past. The new guidelines, which will come into effect by January 17, 2019, are therefore cutting the number of possible units allowed in a project – something that developers say might increase prices of condos and make it difficult for low-income earners, retirees or singles to afford one. However, the URA argued that the move was made to manage potential strains on local infrastructure and ensure the livability of residential estates. The authority further announced that nine... If you wish to read this full breaking news headline article, Singapore Cracks Down On "Shoe Box"-Sized Apartments, simply click on 'Read full story' below, but 1st please give 'Phuket Hotel Deals' a 'LIKE' or 'SHARE' before you visit 'ASIA TODAY'. Thank you Singapore Cracks Down On

 

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