Hi, I am new here and would like to seek second opinions for a house.
We are looking for investment properties and found a house we’d like to buy. The house is at left-hand side of a road, while the right-hand side has been re-zoned couple of years ago and new 5-stories flats have been or being built. We think the left-hand side will be rezoned sooner or later.
But we found that the house is on top of a underground natural watercourse, diagonally from back yard to front yard. My concern is will the watercourse be a problem for building apartment on top of it? If it’s rezoned one day, is it possible developer will not buy the land because of the watercourse?
Best to speak to a professional (ie townplanner/surveyor) who will be able to give you a perspective on the likelihood of it being rezoned in the future and how the watercourse might come into play.
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