23 Nov '15, 5am

#singapore #property Smaller condo sizes on GLS sites: A new study found that the avera... https://t.co/y69wlGZxMg https://t.co/RB54jtapsc

Comment E-mail to friend Bookmark & Share A new study found that the average size of condominium units on sites acquired through the government has been shrinking, and the trend was most evident in new projects located within the city fringe areas. According to the report by The Straits Times, average sizes there dropped from 1,051 sq ft at Waterbank in Dakota Crescent in 2010 to 810 sq ft across three new projects launched within the region this year. Conducted by SLP Research and Consultancy, the study examined condo projects that were launched on Government Land Sales (GLS) sites since 2010. It then derived an average unit size from the site’s maximum allowable gross floor area (GFA) and divided it by the number of houses to be built. Over at the suburban areas – where majority of GLS condo sites were sold during the last six years – average GFA per unit shrank to 811 s...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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