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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Evergrande wake-up call: No one's too big to fail in China's property marketBEIJING (BLOOMBERG) - For years, investors happily bought into the dollar bonds of Chinese real-estate developers, betting that the biggest and most aggressive would become too big to fail. Even during the global markets selloff in March, private bankers told their wealthy clients not to worry. In the worst case, they could just hold those notes until maturity, and enjoy the juicy coupon payments.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »