When You Want To Purchase Genuine Estate, Write An Provide!

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Home masters at Tampines Court may have thought her collective sale was sewn up when a buyer was found, but the deal has become mired in technical hitches. Here are some thougths on the Treasure At Tampines Showflat which you must look on. The wont is believed to have been delayed as developer Sim Lian bunch awaits Planning Permission approval from the Urban Redevelopment Authority (URA). The firm is also engaged with the Land Transport Authority (LTA) over its proposal to upgrade two existing road junctions and build a new link to the slip road leading to the Pan-Island Expressway. These road improvements are needed so the developer could increase the number of units from 560 now to regarding 2,000.
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But Sim Lian will have to sacrifice about 6 to 7 per cent of the 702,164 sq ft of land to build the slip road. The firm was awarded the site last August and submitted its planning proposal last December. It can take 20 days to assess a development application but it could also be longer depending on the complexity of the development proposal and the site restraints. Tampines Court masters worried at the lack of updates in regard to the collective sale trait have been demanding to know if the sale is still on and whether they could collect her purchases proceeds in April.

Some developers are looking to triple, or even quadruple, the number of units by downsizing apartments to re 750 sq ft on mundane. Last November, a new rule stipulated that potential buyers, developers and real estate agencies must submit a Pre-Application practicalities overview to the LTA assessing the web traffic impact of any redevelopment on the neighbourhood and proposing measures to manage web traffic demand. Developers need to do this before they submit development applications to the URA.

Occasionally, there are also one-off, site-specific hurdles that developers encounter in the land they acquire. For example, in Clementi, SingHaiyi bunch, the new owner of the Park West plot, will have to work with the authorities on an above-ground substation on-site that supplies electricity to not purely the condominium but also the neighbouring landed estate.