Thursday, February 7, 2013

Bill introduced to protect private home buyers


Channelnewsasia.com
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.


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