28 Feb '13, 12pm

again, too late ..... Bill to force developers to disclose discounts:

Singapore property developers will face tougher regulations if a proposed amendment to the Housing Developers (Control and Licensing) Act is enacted into law. The Bill aims to protect the interests of buyers purchasing uncompleted units, and will force developers to publish details of discounts, stamp duty reimbursements and incentives given to home buyers. It will also see greater regulation of show flats, an improvement in the quality of information made available to the public about developments and the sale of units, and tighter considerations for the granting of licenses for housing developers. According to information from the Urban Redevelopment Authority (URA), the Housing Developers (Control & Licensing) Act was enacted in 1965 to protect the interests of home buyers of uncompleted private residential properties from developers. All licensed housing developers are...

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

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