After being assured of DMCI's compliance with conditions meant to mitigate adverse effects of excess floor area ratio
, they sought the city council's approval for variance in the Torre project, Flaminiano said.
The government will develop coastal tourism, and will select areas to receive fiscal and tax support, while easing floor area ratio
regulations in those areas.
Among the incentives offered is a five per cent increase in the building coefficient -- otherwise known as floor area ratio
The site is located in an R7A zoning district with a C2-5 commercial overlay, which has a floor area ratio
that allows a maximum of four times the lot size.
Architects and planners divide the floor area of buildings on a plot of land by the land area, to measure what they call the floor area ratio
. The architect Jack Diamond told the Canadian Urban Institute (see Ideas That Matter, 4:1) that above a floor area ratio
of 2:1, savings on public services are marginal.
Developers will therefore be able to put up buildings in those areas that exceed restrictions on the floor area ratio
In 1990, the zoning code was amended to add a floor area ratio
The CDA added: 'The real market value of any plot could only be determined by market forces through open auction provided that the land use/purpose and planning parameters along with floor area ratio
are clearly defined in the auction brochure which wasn't the case at the time of disposal of the subject plot.'
By focusing on how much living space can be developed per site area (floor area ratio
FAR) instead of the number of units per site, it allows for much greater flexibility and creativity in producing units of different sizes for a much wider market.
The previous lessees of vacant institutional plots in H-series are now able to avail a floor area ratio
(FAR) between 1:1.5 to 1:13.5, which will allow them to construct a number of storeys of their own choice ranging between 5 to 9.
Moreover, halls have been capped at a maximum of two storeys with maximum floor area Ratio
(FAR) of 1:1 with a minimum of 30 feet left on the front, and 15 feet on the sides and rear.
We had demanded some changes in the floor area ratio
(FAR) for commercial markets."