New Rules for Developers
Great news for homebuyers! Developers will now have to report on their sales data on a weekly basis and disclose the value of any benefits to homebuyers in the transaction contract. For new launch condos, Developers will need to make known to buyers the differences between the actual units and show flat units. Checks will be conducted by the Controller of Housing and if the show units do not match the actual units sold, The Controller of Housing will have the rights to demand developers to close down the show flat units
These new rulings that are kicking in soon this month will bring more transparency to sales and purchases of new Singapore Condominiums and provide a even better assurance for homebuyers.
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