Recent News Article on new URA measures on the minimum plot size for all new flat developments in Singapore to be minimum 1000sqm and there is a limit to the number of units that can be built in low density estates. Would it have an impact on the recent hype of “mickey mouse” or shoebox developments that are flooding the geylang area in the Lorongs?
Recently for the past 6-12 months, there has been an increasing amount of new launches in geylang, especially in the Lorongs, where couple of adjacent old landed properties has been enbloc by developers and redeveloped into 20-40 shoebox units developments.
With the introduction of this measure by URA, partly to prevent overcrowding, developers might have to rethink their marketing strategy now. Will these kind of enbloc activities still continue or the new launches might come to a stand still here in geylang? Lets wait and see….
Below is the link to URA website on the new measures