03 Apr '13, 3am

limits on shoebox units in malls

http://www.straitstimes.com/archive/...malls-20130327 New limits on shoebox units in malls Malls being proposed must have an average shop size of at least 50 sq m Published on Mar 27, 2013 By Jessica Lim And Daryl Chin THE Urban Redevelopment Authority (URA) has put a limit to the number of shoebox shop units in future malls, in a move that analysts say could cut speculation in such properties. From today, proposed malls must have an average shop size of at least 50 sq m. So developers who want many shoebox units - from 9 sq m to 25 sq m - must balance them with bigger ones. Property analysts say the measure will reduce speculation in commercial properties, which were left largely untouched in the recent cooling measures. The URA said yesterday that over the last two years, it has received a growing number of proposals to build malls featuring mainly shoebox units, some ju...

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