new launch parking space

Examining recent new launch land tender details reveals that the provision of a 1-to-1 parking ratio might no longer be obligatory for private condo developers. This is contingent upon the Technical Conditions specified in the Land Tender context, particularly for sites well-connected to public transport or designated car-lite precincts. In cases where parking spaces are outnumbered by dwelling units, buyers must be informed upfront in the Option to Purchase and Sales & Purchase Agreement. Read more