iwant2buyproperty
21-11-13, 19:45
The Draft Master Plan (MP) 2013 has moved beyond numbers and allocating land for various uses, into taking a more holistic approach to developing new activity clusters and encouraging green spaces.
Thought by various consultants as being more inclusive and people-centric, the latest plan shone the spotlight on the softer aspects of urban planning, such as quality of life, the creation of a more liveable environment, and sports and recreation.
But in light of the possibility of the population hitting the 6.9 million mark by 2030, some consultants were surprised that plot ratios were left largely unchanged in the latest plan.
What stood out was the fact that the plot ratio for two of the properties, Hillview House and Lam Soon Industrial Building, were reduced from 1.92 in MP 2008 to 1.62 in MP 2013.
Both developments are existing industrial buildings on freehold residential land.
Similarly, a cluster of terrace factories at Hillview Terrace saw their plot ratios reduced from 1.92 in MP 2008 to 1.62 in MP 2013.
However, plot ratios at Holland Village, which was identified as one of the key areas to be further developed, rose significantly.
For instance, within the Holland Village extension, two residential plots at Holland Drive, which were acquired by the government under the Selective En bloc Redevelopment Scheme (SERS) in 2011, had their plot ratios raised from 2.8 to 4.6 and 3.6.
Most consultants cited fears of another round of en bloc sales exerting upward pressure on private home prices as the reason for why plot ratios were not increased.
Source: Business Times –21 November 2013
Thought by various consultants as being more inclusive and people-centric, the latest plan shone the spotlight on the softer aspects of urban planning, such as quality of life, the creation of a more liveable environment, and sports and recreation.
But in light of the possibility of the population hitting the 6.9 million mark by 2030, some consultants were surprised that plot ratios were left largely unchanged in the latest plan.
What stood out was the fact that the plot ratio for two of the properties, Hillview House and Lam Soon Industrial Building, were reduced from 1.92 in MP 2008 to 1.62 in MP 2013.
Both developments are existing industrial buildings on freehold residential land.
Similarly, a cluster of terrace factories at Hillview Terrace saw their plot ratios reduced from 1.92 in MP 2008 to 1.62 in MP 2013.
However, plot ratios at Holland Village, which was identified as one of the key areas to be further developed, rose significantly.
For instance, within the Holland Village extension, two residential plots at Holland Drive, which were acquired by the government under the Selective En bloc Redevelopment Scheme (SERS) in 2011, had their plot ratios raised from 2.8 to 4.6 and 3.6.
Most consultants cited fears of another round of en bloc sales exerting upward pressure on private home prices as the reason for why plot ratios were not increased.
Source: Business Times –21 November 2013