URA clampdown on option re-issue with effect from 28 Sept 2020
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THE Urban Redevelopment Authority (URA) has curbed private housing developers from re-issuing the option to purchase (OTP) to the same buyers of the same unit with immediate effect, amid worries that “financial discipline” is slackening despite the recession.
Source: URA, The Business Times
URA clampdown on option re-issue may have some cooling effect on property market
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Restriction on Re-Issue of Option to Purchase for the Same Unit to Same Purchaser(s)
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