28 Mar '13, 1pm

Last chance to grab Commercial units unaffected by URA's new regulation (effective 27 March)! From 27 March,...

To ensure Singaporeans continue to have an enjoyable shopping experience, the Urban Redevelopment Authority (URA) has come up with a set of guidelines which regulates the minimum size of retail units in shopping malls and minimum corridor width of all new projects with retail components. This was revealed by National Development Minister Khaw Boon Wan in his latest blog post which highlighted the emergence of shoebox shops. “Lately, a couple of developers who have pushed for shoebox apartments and factories have turned their attention to push for shoebox shops,” Mr Khaw said. These firms have proposed malls which mainly comprise shoebox shops, with sizes of at least 9 sq m meaning the shop would be even smaller than a parking space. “In many cases, the number of proposed shops in their proposed redevelopments will end up more than 10 times the number of shops in the origin...

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

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