Singapore Property Review

Mah dismisses talk of increase in plot ratios; there’s enough land for next 10-15 years

By Lydia Lim, Senior Political Correspondent Jun 29, 2007 The Straits Times THE Government has no plans for a major exercise to raise plot ratios anytime soon.In the lead-up to next year’s announcement of the Master Plan for Singapore’s physical development, National Development Minister Mah Bow Tan quashed expectations in some quarters that plot ratios are headed upwards, to make room for a future population of 6.5 million. The plot ratio of a site decides how much total floor area it can support, in other words, whether its buildings can be high-rise or low-rise. It is also known as a site’s development intensity.

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By Joseph Yadao, TODAY | Posted: 26 June 2007 1013 hrs

SINGAPORE: In the eyes of some, at least, there may never be a better time to slaughter one of the sacred cows of the landed home market.The idea of owning a nest in Singapore is becoming increasingly attractive to foreigners. The Government, too, has been effusive in its efforts to draw foreign talent here to build the economy. So why not relax restrictions on the sale of landed property to foreigners — and satisfy both needs at one go?

Making this controversial proposal in a report released on Sunday, Goldman Sachs — one of the world’s largest investment banks — cited suggestive figures.

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