25 Nov '17, 3am

Number of private homes to double in 2 years

Number of private homes to double in 2 years

There are regulations for developers to complete the sale of a project within 5 years of the land being awarded. The tight timeline could tempt some developers into comprising on quality. Mr Wong has asked the Urban Redevelopment Authority (URA) and Building and Construction Authority (BCA) to step up on their checks on errant developers. Developers who consistently fail checks may be subjected to restrictions. They may need to obtain a Quality Mark certification for their projects or be disallowed to launch units for sale. This is a timely reminder to buyers and investors to do their own due diligence on developers’ track record before signing on the dotted line.

Full article: https://www.iproperty.com.sg/news/number-of-private-homes...

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