20 Mar '11, 10pm

DITR REI Update: Agents fear price list will make home buyers take longer to decide: by Jo-A... #realestate #invest

SINGAPORE - Some real estate agents are expecting slower home sales over the short term, if developers are required to publish property prices two days before they put up their units for sale. The new rule is one of the proposed changes that the Urban Redevelopment Authority (URA) wants to bring about to make the property market here more transparent. It will also apply to private previews and the first phase of selling for larger projects. For subsequent phases, the price list of the units must be made available on the day of their sale. Last week, the URA put up for public consultation - the consultation period ends on April 18 - several proposed changes on the rules governing property developers. Home buyers currently have to wait until the day of a property's launch to get the exact price for its units. Should the new rule on the publishing of property prices come to p...

Full article: http://www.todayonline.com/Business/EDC110321-0000187/Age...

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