Regulatory changes to simplify show-flat site sourcing for developers

Making it easier for developers to source private residential show-flat sites was among several changes announced on Nov 13 to reduce costs and create a more business-friendly environment for the real estate sector.

- Grace Leong Senior Correspondent

“We have heard your feedback that sourcing show-flat sites can be challenging and time-consuming,” National Development Minister Chee Hong Tat said at the 66th anniversary dinner of the Real Estate Developers’ Association of Singapore (Redas) held at Shangri-La hotel.

To simplify the process, the Urban Redevelopment Authority (URA) and Singapore Land Authority (SLA) have pre-identified a list of vacant state land sites for show-flat use. Starting on Nov 14, this list of sites will be available on SLA’s portal for temporary occupation licences (TOLs).

Developers applying for TOLs for the pre-identified sites must submit their show-flat layout plans to the relevant agencies for approval. This is to ensure compliance with the specific conditions of the site.

“This will enable developers to enjoy significant time savings of about six weeks and halve the time it currently takes to obtain agencies’ approvals” Mr Chee said.