16 Mar '11, 4pm

Sales of small units may be dampened by property rule change

SINGAPORE : The proposed changes in the rules that govern Singapore's property developers could dampen sales of small apartment units, according to experts. They said the disclosure of more information could lead to better-informed, and thus also more picky, buyers. They added that the new rules could also spur competition in the industry, leading to superior innovation and more incentives from developers, offering better values. Detailed information that developers will now have to share with prospective home buyers include a break-down of the unit's floor area, listing different types of spaces such as balconies and bay windows. Experts said this could be negative for projects with smaller apartments, especially single-room units, which are typically popular with investors. Nicholas Mak, executive director, Research and Consultancy, SLP International, said: In future, de...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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