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Top Suburbs in Richmond: Unveiling the Best Neighborhoods Based on Floor Space Ratio of 0.825
The maximum amount of floor space allowed on a property compared to its land size. A high value indicates a more densely populated area with taller buildings and potentially higher property values.
The Area in: Floor space ratio: 0.825 data can be useful for property investors and those looking to move as it provides an indication of the amount of floor space that can be built on a given area of land. This information can be used to assess the potential for development and the value of properties in a particular suburb. For example, a suburb with a high floor space ratio may be more attractive to property developers as it offers greater potential for building larger properties or multi-unit developments. On the other hand, for those looking to move, a high floor space ratio may indicate a more densely populated area, which may not be desirable for some people. Therefore, this data can be used to make informed decisions about property investment and lifestyle choices.
Data from 2023