URA revises guideline on proportion of bigger units in non-landed residential developments in Central Area

All recent apartments, condominiums and residential aspects of marketable as well as mixed-use developments will be called for to provide an at least of 20% of dwelling units (DUs) with a net inner area of at least 70 sq m (753.5 sq ft), according to a URA circular issued on Oct 18.

As the positioning of the Central Area has definitely moved to live, do the job and play, there have been cooperative efforts to offer even more mixed uses in the Central Area to urge additional live-in populace plus infuse vibrancy.

URA has already monitored a consistent fad in declining DU sizes for changes in the Central area, and has already presented the changed rule to make certain a good mix of DU sizes inside the Central Area.

The Central Area covers 11 Planning Areas: Outram, Museum, Newton, River Valley, Singapore River, Marina South, Marina East, Straits View, Rochor, Orchard and Downtown Core.

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However, Lee expects some of the en bloc areas in the Central Area including the Marina Gardens Lane to be influenced by the upgraded standards. Developers may perhaps re-assess prospective bids for en bloc places as a result of fee factors to consider, impacting the excellence rate of en bloc sites in the Central Area.

“The threshold of 70 sq m is a practical size for small households, taking into consideration the tighter room restrictions in the Central Area,” the circular claims. URA did not establish a limit on the overall number of DUs within the Central Area as latest projects are much less likely to put a pressure on local facilities. Meanwhile, property developers are urged to provide a good mix of DU sizes to cater to the requirements of all segments of the market, including bigger family members, as well as avoid an overmuch large quantity of smaller DUs.

Lee Sze Teck, leading analysis director at Huttons, expects slightly bigger units eventually yet views the general effect on the market as very little. The majority of the projects in the Central Area are in conformity with this brand-new standard, he notes. Financiers might have less choices of smaller units afterwards as well as might have to resort to aiming to the secondhand market, driving up prices of smaller sized units.

The most up to date standards will apply to development requests provided to URA created by Jan 18, 2023, ahead.

In 2018, URA revised standards on maximum allowable range of DUs in non-landed residential properties away from the Central Area. The highest allowable number of DUs is derived by separating the proposed building gross flooring area by 85 sq m. URA says it will remain to monitor moreover review the standards regularly, considering variables such as lifestyle transitions and infrastructural developments.

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