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Cluster home projects to have fewer units

Posted by Property Launch Invest on Saturday, 30 August 2014 in Property News

The Urban Redevelopment Authority (URA) has fine-tuned its guidelines for cluster housing to address growing concerns of overcrowding in some landed estates.

A new set of formulae to determine the maximum number of units for the various types of cluster housing, known as strata-landed homes, will significantly lower the number of units in new projects.

Another change is that developers will be required to set aside more land for communal facilities and greenery in such developments - at least 45 per cent of the land area, up from the current 30 per cent; at least a quarter of the land area has to be set aside for on-the-ground greenery.

The revised guidelines take effect today, said the URA yesterday.

Strata-landed housing is a form of landed housing that comes with strata titles and combines the experience of living on a landed property with communal facilities and greenery like those available in private condominiums.

There has been growing clamour about overcrowding from residents in estates like Toh Estate and Telok Kurau Estate.

There, developers have injected a large number of small units into the project, and traffic and parking problems have surfaced.

One land parcel now up for collective sale is that of Kheam Hock Gardens off Dunearn Road, which has a reserve price of S$59 million or S$1,430 per sq ft.

Under the new guidelines, the maximum number of terrace units a developer can build there has come down from 25 to 15.

If the developer chooses to build good-class bungalows, the maximum allowable units is down to seven, from nine previously.

A few serious parties were looking at the site, including listed and non-listed developers, along with a couple of high net-worth individuals looking to build a single home on the site.

Source: Business Times 23rd August 2014

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PROPERTY LAUNCHES & INVESTMENTS

Property Launches & Investments

Cluster home projects to have fewer units

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