The amendments to the Housing Developers (Control and Licensing) Act will kick in this month, which would result in weekly collection and publication of transaction data and more comprehensive information in transaction documents for the private residential property market. Parliament had passed amendments to the Act to improve and update legislative safeguards for buyers of uncompleted private...
Housing Developers Act
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 so 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...