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S'pore's worst recession in 55 years — but why does the private property market not reflect that?

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URA clampdown on option re-issue may have some cooling effect on property marketTHE 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.
Source: BusinessTimes - 🏆 15. / 51 Read more »