Developers fear URA will charge for outdoor space

Developers fear URA will charge for outdoor space

http://www.straitstimes.com/archive/...space-20130109 Developers fear URA will charge for outdoor space Published on Jan 09, 2013 By Rachel Chang And Esther Teo THE Government's intention to fix a loophole that allows property developers to sell off free outdoor open spaces for profit has got them worried. They fear the Urban Redevelopment Authority (URA) will now slap a charge on such spaces if they are sold as private roof terraces or ground-level private enclosed spaces. Instead, they hope the URA review will - at most - restrict the size of such areas. After all, they argue, it was overly big roof terraces in subsidised executive condominiums (ECs) that aroused public indignation, and not roof terraces per se, which are popular with buyers and a fixture of penthouse units. "Developers have been operating like this for so long. To suddenly make us pay a charge on outdoo...

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