26 Dec '14, 10am

Thumbs up for move to release net prices of individual units in projects. Read more

The upcoming move to disclose the net prices of individual units sold by developers will give buyers, property firms and policymakers a more accurate snapshot of the market, said experts yesterday. The change, which was mentioned on Tuesday by the Urban Redevelopment Authority (URA) in a Straits Times Forum letter, will kick in during the first half of next year. It will fundamentally alter the system in place now, which leaves buyers relying on prices quoted by developers and caveats filed with the Singapore Land Authority for a sense of what a unit is worth. The URA has been releasing information on developer sales each month, including the median, lowest and highest net prices at each project. While these give buyers a sense of what units in a project are worth, they will be armed with far more information once the URA releases net prices of individual units on its webs...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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