{"id":87014,"date":"2018-05-03T12:08:28","date_gmt":"2018-05-03T05:08:28","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-to-adjust-guidelines-if-developers-build-too-many-shoebox-units\/"},"modified":"2018-05-03T13:02:46","modified_gmt":"2018-05-03T06:02:46","slug":"ura-to-adjust-guidelines-if-developers-build-too-many-shoebox-units","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-to-adjust-guidelines-if-developers-build-too-many-shoebox-units\/","title":{"rendered":"URA to adjust guidelines if developers build too many shoebox units"},"content":{"rendered":"<p>&#013;<br \/>\nDevelopers are allowed to build condo units of different sizes, assuming an average size of 753 sq ft.<br \/>\nThe 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 ongoing collective sales fever.<br \/>\n\u201cWe agree that shoebox units should not form a disproportionately large portion of Singapore\u2019s housing stock,\u201d wrote Goh Chin Chin, development control group director at URA, in response to recent forum letters in the Straits Times.<br \/>\n\u201cWe are monitoring the trend closely and will adjust the guidelines if needed.\u201d<br \/>\nMore: Shoebox Apartments Being Left On The Shelf<br \/>\nCurrently, developers are permitted to build condo units of different sizes, assuming an average size of 70 sq m (753 sq ft).\u00a0<br \/>\nThe maximum number of units in housing projects outside the central area is also based on the development\u2019s proposed gross floor area divided by 70 sq m.<br \/>\n\u201cUnder this approach, developers are encouraged to vary the sizes of the housing units that they propose in a development to cater to the diverse needs of the market,\u201d noted Goh.<br \/>\nIn a letter to the Straits Times on 25 April, forum writer Paul Chan shared that some developers may take advantage of the average requirement to build a large proportion of shoebox units.<br \/>\nFor instance, he noted that 50 percent of units at the 309-unit Margaret Ville condominium measure about 65 sq m (approx. 700 sq ft) or smaller. At The Tapestry, over 500 of the 861 units are 65 sq m or below.<br \/>\nAs such, Chan urged that the minimum unit size be set at 70 sq m, and that such homes do not account for over 35 percent of the total number of units in a project.<br \/>\nFor the latest property news, trends, resources and expert opinions, visit our\u00a0Property News\u00a0page. Home buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.<br \/>\n\u00a0<br \/>\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg&#013;<br \/>\n&#013;<br \/>\nSource : proppertyguru.com.sg\/Property Market&#013;<br \/>\nRead more&#8230;<a href=\"http:\/\/www.propertyguru.com.sg\/property-management-news\/2018\/5\/171462\/ura-to-adjust-guidelines-if-developers-build-too-many-shoebox-units\" target=\"_blank\">URA to adjust guidelines if developers build too many shoebox units<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; Developers are allowed to build condo units of different sizes, assuming an average size of&#46;&#46;&#46;<\/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-87014","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-mDs","jetpack-related-posts":[{"id":101292,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/majority-of-shoebox-apartment-investors-profited-knight-frank\/","url_meta":{"origin":87014,"position":0},"title":"Majority of shoebox apartment investors profited: Knight Frank","date":"November 15, 2018","format":false,"excerpt":"\r Owners of shoebox apartments can expect to enjoy healthy capital gains.\u00a0 About 88.4 percent of resale transactions involving shoebox apartments, units smaller than 50 sq m (approx. 538.2 sq ft), made a profit, according to an analysis of caveats by Knight Frank. \u201cA majority of investors who have put\u2026","rel":"","context":"In &quot;Property News&quot;","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":87014,"position":1},"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 &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100096,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ura-limits-number-of-private-condos-outside-central-region\/","url_meta":{"origin":87014,"position":2},"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 &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89997,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/propertyguru-news-roundup-may-2018\/","url_meta":{"origin":87014,"position":3},"title":"PropertyGuru News Roundup (May 2018)","date":"May 31, 2018","format":false,"excerpt":"\r Our top Singapore property stories. Chancery Court In District 11 Sold En Bloc For $401.8m Chancery Court, a privatised HUDC estate right across the road from the Anglo Chinese School campus, has been sold en bloc for $401.78 million, or six percent higher than its reserve price of $390\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/05\/Singapore-property.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":101456,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-new-ura-rules-dont-impose-a-minimum-size\/","url_meta":{"origin":87014,"position":4},"title":"Govt: New URA rules don\u2019t impose a minimum size","date":"November 20, 2018","format":false,"excerpt":"\r The new URA guidelines do not stipulate a minimum built-up area for private properties and instead imposes higher average sizes. National 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\u2026","rel":"","context":"In &quot;Property News&quot;","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":87014,"position":5},"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 &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/87014"}],"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=87014"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/87014\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=87014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=87014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=87014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}