Existing GFA and Redevelopment GFA based on Master Plan Plot Ratio

[speculator2nd]

Hi All, there is a query concerning redevelopment potential for collective sale. if the existing GFA of the building is larger than the GFA upon redevelopment based on Master Plan Plot Ratio, would the existing GFA (the larger one) be allowed to used upon redevelopment? Below is an illustration:

Site Area : 10,000 sf
Existing GFA :30,000 sf
Master Plan Plot Ratio : 2.8
GFA Upon Redevelopment : 28,000 sf
GFA Difference : 30,000 sf - 28,000 sf = 2,000 sf

For processing redevelopment, if existing GFA could be used, there is no loss in GFA. However, if using existing GFA is not allowed and only GFA based on Master Plan Plot Ratio could be used, there is GFA loss.

Could existing GFA be used? or only Master Plan Plot Ratio be used? Thanks.

[martialsin]

Hi All, there is a query concerning redevelopment potential for collective sale. if the existing GFA of the building is larger than the GFA upon redevelopment based on Master Plan Plot Ratio, would the existing GFA (the larger one) be allowed to used upon redevelopment? Below is an illustration:

Site Area : 10,000 sf
Existing GFA :30,000 sf
Master Plan Plot Ratio : 2.8
GFA Upon Redevelopment : 28,000 sf
GFA Difference : 30,000 sf - 28,000 sf = 2,000 sf

For processing redevelopment, if existing GFA could be used, there is no loss in GFA. However, if using existing GFA is not allowed and only GFA based on Master Plan Plot Ratio could be used, there is GFA loss.

Could existing GFA be used? or only Master Plan Plot Ratio be used? Thanks.

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