Re Issue Option Clampdown

URA clampdown on option re-issue with effect from 28 Sept 2020

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URA clampdown on option re-issue
Buyers could adopt a more cautious stance as they now face a non-extendable deadline to make a purchase, say analysts. Photo Source: Business Times

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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