Friday, August 5, 2011

Small developments to come under Housing Developers Act

SINGAPORE: Proposed changes to the Housing Developers (Control & Licensing) Act will cover all housing developers and not just those developing projects with more than four units.

The Urban Redevelopment Authority (URA) said this is to ensure that buyers of units in these smaller developments can also benefit from the protection accorded under the Act.

The suggestion was made during a month-long consultation exercise between March and April on proposed changes to the Act as well as the Housing Developers Rules (HDR).

URA will also amend the rules such that errant developers who have had their licences suspended will be blacklisted on URA's website.

The public also gave their thumbs-up to URA's proposed requirements for property developers to provide accurate information in the showflats and more information on the housing units to prospective home buyers. 



Source : MediaCorp Pte Ltd 

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