28 Aug '13, 10pm

PR to turn to private homes say analysts. #pr #hdb #coolingmeasures

Under the rules announced on Tuesday, newly-minted PRs need to wait three years before they can buy a resale flat. As a result, analysts expect these buyers to turn to private homes. According to data from the Urban Redevelopment Authority (URA), a record supply of 82,500 units will be completed by 2016. At the same time, the government intends to take in 30,000 PRs a year to maintain a stable population, revealed the National Population and Talent Division.

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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