The Urban Redevelopment Authority (URA) on Wednesday (Jan 5) launched a public consultation on proposed changes to better protect home buyers by requiring developers to provide more accurate and detailed information on their uncompleted private residential projects, among other things.

Such information includes the track records of the developers, storey layout plans of the project, and information on ground rent payable and identity of the landowners. 

Under the proposed amendments to the Housing Developers Rules, developers will be required to obtain the authorities’ prior approval for features of a housing project shown in advertisements, mark out void areas in unit floor plans and provide scaled floor plans for landed properties.

Read more at: https://www.straitstimes.com/business/property/home-buyers-to-get-more-accurate-information-from-developers-better-protection-under-proposed-changes