Did you know that effective from 1st June 2023, URA’s policy of “Floor Area Harmonisation” will reduce the nett saleable area for new launches and lead to higher costs for a developer?
With already thin profit margins currently, developers have 3 main levers to maintain a reasonable risk to reward ratio of taking on new projects:
- Reducing land bids,
- Reducing unit sizes or
- Increasing selling prices.
Which scenario or combination of scenarios is most likely to play out? How are property prices likely to be affected down the road?
Find out by consulting us and discover your options moving forward.
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