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The revision of height limits of buildings near airports is a «significant planning shift» that will potentially provide «opportunity and complexity for developers and homeowners», realtors have said. Speaking with AsiaOne, Era Realt'This could trigger renewed interest in en-bloc sales': Realtors react to revised height limit for buildings near airports
The revision of height limits of buildings near airports is a «significant planning shift» that will potentially provide «opportunity and complexity for developers and homeowners», realtors have said. Speaking with AsiaOne, Era Realty associate division director Asaph Mathew said that allowing buildings to be constructed taller will «naturally increase plot value in previously constrained zones like Changi, Loyang, and Upper East Coast». On Thursday (May 22), Transport Minister Chee Hong Tat announced that buildings in close proximity to the airports can be built to up to 15 storeys taller, while industrial or commercial ones can be built up to nine storeys taller, come August. Aside from Changi and Seletar airports, Singapore has military airbases in Paya Lebar, Sembawang, Changi and Tengah. «This (revision) could trigger renewed interest in en-bloc sales, especially for ageing low-rise developments that now have vertical potential,» Mathew said. Read more