URA clampdown on option re-issue may have some cooling effect on property market

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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. Read more at The Business Times.

Buyers could adopt a more cautious stance as they now face a non-extendable deadline to make a purchase, say analysts.

THE Urban Redevelopment Authority has curbed private housing developers from re-issuing the option to purchase to the same buyers of the same unit with immediate effect, amid worries that"financial discipline" is slackening despite the recession.

 

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Belgique Dernières Nouvelles, Belgique Actualités

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