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Westwood Residences Development

Westwood Residences Development Guidelines to be implementated soon

Khaw Boon Wan, Minister for National Development said in a written reply to a recent Parliamentary question that new development control guidelines issued by the Urban Redevelopment Authority will control development applications. The Authority’s guidelines control the building’s form and the development’s scale in order to safeguard the surrounding community’s interests. The guidelines include guides as to building setback and storey height so as to provide enough space between building developments and to preserve the look of the area.

Guidelines for Development in Westwood Residences EC

Elsewhere the guidelines require that the visual impact and the surrounding physical context of any proposed development be considered, Mr. Khaw said. He further added that the URA must where necessary seek help from other agencies on the consideration of traffic, noise, and other technical considerations before approving the plans for Westwood Residences.

The guidelines are regularly reviewed and the URA consults professionals and the Public where it is relevant to do so. A design Advisory Panel may also review major development applications in Westwood Residences.

Guidelines

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Regulations for Westwood Residences EC instituted in October 2013 require the developers of Government Land Sales or GLS land intended for new residential development to tell the local community about the proposed development before any work is commenced and they must establish communications channels with the community to give it a voice and address any concerns raised.

Mr. Khaw further said that the URA is to continue to review ways to solicit communities’ opinions and at the same time ensure that the planning approval system remains fair and efficient for developers and land owners of Westwood Residences

A report by the property website Home.co.uk has revealed twenty UK property black spots and highlights that house prices in certain areas are now falling again for Westwood Residences.

New EC at Westwood Avenue

The research shows that property prices in some areas are falling by more than 7% annually. Landlords’ investment returns is also falling in some areas, 11 areas recorded negative percentage returns, this happens when the property’s value falls by a figure which is greater than the property’s yearly rent. The research further reveals that contrary to popular belief, it is not only in northern areas that the property market is suffering these reductions.

Prime London boroughs, usually known for their expensive properties in Westwood Residences are among the twenty listed property black spots. The figures for the period September 2013 – September 2014 reveal that Belgravia’s house prices fell by 7.6% and that in the month of September 2014 the real percentage property yield was -4.4%. In Soho too during the period property prices fell by 6.8% and the real terms yield was -3.5%. The same phenomenon was discovered in Westminster, where the annual price drop was 5.2% and the real yield on rental property stood at -1.8%.

Westwood Ave EC Building Guidelines

Guidelines for Buying Westwood Residences EC

The figures show that while the UK property market generally remains buoyant that property investment in particular places can lose money, certainly in the short term.

The Home.co.uk Asking Price index shows property prices in the North East of England fell by 0.1% from September to October 2014. In Wales, property prices saw the highest fall over the month 0.4%. London, apart from central London, however, tells a different story on westwood residences Heeton Homes, property prices in London and East Anglia rose by an average of 1.1% over the month.

Doug Shephard, director Home.co.uk said that the property price falls in the luxury central London boroughs and the price falls in the North arose from very different circumstances. Central London property prices continued soaring after the financial crash because foreign investors were looking for safe places to invest. Demand for such premium property went sky high and, of course, prices did likewise, they reached their peak in 2013 and now the market is painfully correcting.

In the north, in places such as Hartlepool house prices dropped by huge amounts after the crash and recovery is achingly slow for westwood residences ntu, prices continue to fall in areas where the property supply continues to exceed demand Mr. Shephard said.

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