URA bars strata subdivision for commercial properties in Central Area
The Urban Redevelopment Authority of Singapore (URA) has prohibited strata subdivision for commercial properties in specific parts of Singapore’s central area with effect from 15th March 2022. This policy aims to maintain cohesive building management and high-quality developments. Exceptions are made for existing strata subdivided properties, and the rule does not affect them. The new guideline is part of efforts to ensure sustainable urban development and enhance the central business district's environment.
With the prohibition of strata subdivision, there's expected to be a severe shortage of strata-titled offices in the central area, especially for freehold premium-grade offices. 108 Robinson Road is one of the very few freehold strata-titled premium-grade offices left in CBD and investors & owner-occupiers stand to benefit immensely by taking advantage of this limited availability & opportunity.
Strata Subdivision Prohibition: Strata subdivision of commercial properties is no longer allowed in certain parts of the central area.
Objective: To maintain cohesive building management and high-quality developments.
Exceptions: Existing strata-subdivided properties are not affected by this new rule.
Goal: Ensure sustainable urban development and enhance the environment of the central business district.
For more details, view the URA Circular.
The Straits Times, updated March 16, 2022.
Strata subdivision of commercial properties in central area no longer allowed: URA
The Urban Redevelopment Authority (URA) of Singapore has announced that the strata subdivision of commercial properties in the central area will no longer be allowed. This move aims to maintain the quality of developments and ensure that buildings are managed cohesively. Existing strata subdivided properties are not affected by this new rule. The policy is intended to enhance the urban environment and maintain high standards for commercial properties in the central business district.
For more details, you can refer to the original article [here]
The Business Times, published Tue, Mar 15, 2022.
URA bars strata subdivision for commercial properties in key parts of Central Area
The Urban Redevelopment Authority (URA) has prohibited the strata subdivision of commercial properties in significant areas of Singapore's central region. This measure aims to improve the management quality and maintain the integrity of buildings in these key locations. Existing strata-subdivided properties are exempt from this new rule. The policy is designed to enhance the urban landscape and uphold high standards for commercial developments in the central business district.
For additional information, you can access the full article [here].
