Increased structural and safety costs for high-rise buildings mean that six-storey blocks are the “optimal height” to make “affordable” apartments economically viable for developers to build, a government report has found. The report said that apartment buildings of a greater height do not necessarily increase the density of housing developments. The findings are contained in a report – called the “review of delivery costs and viability for affordable residential developments” – published this week by the Department of Housing, Planning and Local Government. It says that “contrary to common understanding, higher-rise development” can be a “a more expensive form of development”.
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