News: Developers to provide ample carparks despite new rule

May 14, 2018

For high-end condos, developers will need to provide more car parking spaces to cater to homeowners with multiple vehicles.

Experts revealed that the government’s new bicycle parking provision standards announced last week is unlikely to reduce the size of car parks in residential and commercial developments, reported the Straits Times.

“Developers generally follow a one unit to one carpark space ratio. This is unlikely to change, it is standard,” said International Property Advisor CEO Ku Swee Yong, who added that bike parking spaces can be easily incorporated in a project if it’s well designed.

More: Bicycle Parking Spaces Required For All New Developments

For high-end condos, ZACD Group executive director Nicholas Mak noted that regardless of the new requirement, developers need to provide more parking spaces for cars to cater to homeowners with multiple vehicles.

Effective last Tuesday, residential, commercial and industrial projects must provide a minimum number of bicycle parking spaces based on their intended use and the zone where they are located.

For instance, residential developments in Zone 1 and 2 must have at least one parking space for bikes for every four units, while those in Zone 3 are required to provide a minimum of one parking space for every six units.

For shops and malls in Zone 1 and 2 with a gross floor area of between 3,000 sq m and 15,000 sq m, they must have at least one parking space for every 200 sq m. Similar properties in Zone 3 need to have a minimum of one bicycle parking space for every 300 sq m.

“For retail spaces like malls, carpark spaces are very important for shoppers. With less, they will be less competitive,” noted Mak.

“For example, VivoCity has over 1,000 spots, but in festive periods they are all filled up. This is indicative of people’s preference for driving to malls in Singapore. Developers will not compromise on this.”

For the latest property news, trends, resources and expert opinions, visit our Property News page. Home buyers looking for Singapore Properties may like to visit our ListingsProject Reviews and Guides.

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

spacer
agent image
agency logo
Josephine Khiew
Senior Marketing Director(ERA Million Dollar Club 2014)
ERA REALTY NETWORK PTE LTD
josephine.khiew@gmail.com
CEA Licence No.:
L3002382K / R026159B
+(65) 9789 8186