September 28, 2022

Comment on 3 recent rule changes to floor area, land betterment and remnant land that will likely affect future property prices and en blocs by Yew Siong

For a penthouse with a void at dining area and a roof terrace on the next level that was built before 2013, How should it be calculated in fair value (abt 1/2 the normal built in area) ? Based on SLA data, both void and roof terrace has been included in GFA. How will value be calculated in en bloc process on the void and roof terrace ( understand the usual is either using MOA and strata area or both) Is it beneficial to existing owners ( prior 2013 built) in resale mkt / enbloc in general? Thks.

3 recent rule changes to floor area, land betterment and remnant land that will likely affect future property prices and en blocs

Over the past few weeks, several developments have taken place that many analysts predict will impact future property prices. If you’re a homeowner planning to buy or upgrade to a new property beyond the middle of next year, you might want to take note of these changes. 1. New definitions to floor area may see…

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