Dear sir/madam,
As what Robbie has indicated, a 5000sqf terrace house is unlikely able to obtain approval from being redeveloped into block of apartments, however, with effective and creative planning, the property can be redeveloped into dual or triple key units for different households to reside in, either for rental income or for multiple generation families looking to stay under 1 roof with individual privacy.
Cost of reconstruction has been on the rise and could easily hit $1.5m these days for a terrace house redevelopment, and it is important to appoint a reliable builder that has a good track record for the project in the first place to ensure that the project can be delivered instead of choosing a builder based on costs.
Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main]
+65 6471 8888
[mob]
+65 81577565
[LDA]
+65 92787772
www.geryllim.com
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