will have to wait for more details on this, but I would have love to have seen potential elimination of the dual aspect requirements and reduced lift cores. The head of Ires reit said that if the regulations here were the same as canada, they would be able to build apartments a lot cheaper....
an extract from the article below
"The cheapest way to build a lot of apartments quickly is to build a single block with corridors. That is impossible under current regulations though, which require at least 50pc of apartments to have two sides with windows - known as dual aspect. That, along with other requirements, needs to change, he believes. "We are in a crisis here. And a crisis calls for really looking at the situation from the ground up. It's nice to have grand statements but the reality is you have to start from the bottom.
"The reality is the economics really don't work to build right now. So it has to make economic sense and the most efficient way to build is with a long corridor.
"Our condos in Toronto are built like that. People pay millions of dollars for those apartments and the corridor is like a hotel.
"The cheapest thing to do is build a rectangle with one elevator core in the middle, and the savings are very, very significant.
"Elevator core is a major factor in costs. When you start having cores all over the place you need a lobby to service each of them so its not as grand an entrance as when you put all the lobbies together which tenants like. The real problem is the dual aspect and that has to be looked at. With the requirement of 50pc dual aspect I think there is an admission that it's okay for half the people not to have dual aspect, so it is clearly not required for everybody if that is the case.
"What it means is instead of being able to build a rectangle you have to have all kinds of angles and offshoots to make the dual aspect.
"It is a highly inefficient way of building. Compared to just going straight across. There also has to be space between the buildings so it's not a very good use of land either," he believes.
Housing minister Simon Coveney is taking submissions on the housing market, but Mr Ehrlich would like to see a working group created to that every aspect of the market can be assessed and brought together. Indeed Mr Ehrlich has met the minister on the problem."