{"id":101456,"date":"2018-11-20T11:47:55","date_gmt":"2018-11-20T04:47:55","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-new-ura-rules-dont-impose-a-minimum-size\/"},"modified":"2018-11-20T12:02:48","modified_gmt":"2018-11-20T05:02:48","slug":"govt-new-ura-rules-dont-impose-a-minimum-size","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-new-ura-rules-dont-impose-a-minimum-size\/","title":{"rendered":"Govt: New URA rules don\u2019t impose a minimum size"},"content":{"rendered":"


\nThe new URA guidelines do not stipulate a minimum built-up area for private properties and instead imposes higher average sizes.
\nNational Development Minister Lawrence Wong explained that new rules announced by the Urban Redevelopment Authority (URA) last month doesn\u2019t set a minimum size for private condos outside Singapore\u2019s central region.
\n\u201cTo clarify, our guidelines do not stipulate a minimum built-up area for private properties,\u201d he said during a parliamentary session on Monday (19 Nov).
\nMore:\u00a0URA To Adjust Guidelines If Developers Build Too Many Shoebox Units
\nInstead, it imposes higher average sizes. In turn, this limits the number of units that can be built as the maximum number of homes is equal to a project\u2019s gross floor area (GFA) divided by the average size.
\nThe aim of this change is \u201cto manage potential strains on local infrastructure and safeguard the liveability of residential estates. Within these limits, developers still have the flexibility to provide a range of unit sizes to meet the diverse needs of home buyers.\u201d
\nWong said this in response to Ong Teng Koon (MP for Marsiling-Yew Tee GRC), who asked whether requiring a \u201cminimum built-up area\u201d of 85 sq m for private houses will distort market prices.
\n\u201cAs the guideline changes were only announced last month and will only take effect in January next year, it would be premature to conclude whether the changes have had any impact on market prices,\u201d noted the minister.
\n\u201cMoreover, property prices depend on many factors beyond the guidelines.\u00a0 These include developers\u2019 bidding behaviour for land, home buyers\u2019 evolving demand for units of various sizes, as well as how developers adjust the mix of unit sizes for upcoming projects to cater to demand, just to name a few.\u201d
\nOn 17 October, URA said the average unit size at new non-landed residential projects outside the central region will be increased from 70 sq m to either 85 sq m (approx. 915 sq ft) or 100 sq m (approx. 1,076 sq ft). The larger size will take effect for development applications submitted from 17 January 2019.
\nWong added that his ministry will continue to check the distribution of unit sizes in private residential projects and review the guidelines periodically, considering factors like infrastructure capacity, as well as changes in the buyers\u2019 lifestyle and housing needs.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Govt: New URA rules don\u2019t impose a minimum size<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The new URA guidelines do not stipulate a minimum built-up area for private properties and...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-101456","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qoo","jetpack-related-posts":[{"id":87014,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-to-adjust-guidelines-if-developers-build-too-many-shoebox-units\/","url_meta":{"origin":101456,"position":0},"title":"URA to adjust guidelines if developers build too many shoebox units","date":"May 3, 2018","format":false,"excerpt":"\r Developers are allowed to build condo units of different sizes, assuming an average size of 753 sq ft. The Urban Redevelopment Authority (URA) said on Wednesday (3 May) that it will intervene, if needed, to prevent property developers from building too many tiny apartments or shoebox units amidst the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100166,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/some-private-condos-may-become-pricier-due-to-new-ura-rules\/","url_meta":{"origin":101456,"position":1},"title":"Some private condos may become pricier due to new URA rules","date":"October 19, 2018","format":false,"excerpt":"\r URA this week announced that the average unit size at non-landed projects outside the Central region will be increased. A real estate industry body believes that private condos in some parts of Singapore could become more expensive after the government raised the average unit size, reported the Business Times.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100442,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developers-may-need-to-rethink-pricing-amidst-new-shoebox-rule\/","url_meta":{"origin":101456,"position":2},"title":"Developers may need to rethink pricing amidst new shoebox rule","date":"October 24, 2018","format":false,"excerpt":"\r New URA rules have slashed the maximum number of units that can be built outside the central areas. The Singapore government\u2019s new policy on apartment sizes may come as good news to home buyers, but not to home builders who may now need a pricing rethink which could dent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123544,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-pine-grove-sites-released-for-sale\/","url_meta":{"origin":101456,"position":3},"title":"Two Pine Grove sites released for sale","date":"December 1, 2021","format":false,"excerpt":"\r The two Pine Grove sites can potentially yield up to 1,085 units\u00a0altogether. Source: URA Two residential sites at Pine Grove (Parcels A and B) that can jointly yield up to 1,085 units have been released for sale under the reserve list of the second half 2021 Government Land Sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/PINE-GROVE-URA.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":100096,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-limits-number-of-private-condos-outside-central-region\/","url_meta":{"origin":101456,"position":4},"title":"URA limits number of private condos outside central region","date":"October 18, 2018","format":false,"excerpt":"\r The move aims to safeguard the liveability of housing estates in Singapore by reducing the sizes of private condos. The Urban Redevelopment Authority (URA) changed the formula for determining the maximum number of units that developers can build in new non-landed residential projects outside Singapore\u2019s central region on Wednesday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72967,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-private-homes-investigated-for-flouting-minimum-stay-law\/","url_meta":{"origin":101456,"position":5},"title":"More private homes investigated for flouting minimum stay law","date":"November 27, 2017","format":false,"excerpt":"\r The number of private residential properties investigated by Urban Redevelopment Authority (URA) for breaching the minimum stay law has risen from 1,000 between 2014 and 2016, or an average of around 330 properties per year, to 600 from January to September this year, reported Channel News Asia. Attributing the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/101456"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=101456"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/101456\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=101456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=101456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=101456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}