Thursday, February 7, 2013

Bill introduced to protect private home buyers
Posted: 06 February 2013 1656 hrs

SINGAPORE: Amendments to the Housing Developers (Control & Licensing) Bill was introduced in Parliament on Wednesday to protect the interests of home buyers of uncompleted private residential properties.

Last year, the Housing Developers Rules were amended to better protect home buyers.

Developers now have to provide scaled location plans, unit floor plans and detailed breakdowns of a unit's floor area to home buyers to enable them to make better-informed decisions.

Key amendments to the Act have been made in the areas which include more comprehensive and timely information to the public, enhancing governance of developers and increasing the penalties for offences.

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C

Senior Sales Director
DTZ Property Network Pte Ltd (L3007960A)

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