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Home About Us News Changes in policy to benefit buyers

Changes in policy to benefit buyers

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Recently, URA conducted an online public consultation exercise from 17 March 2011 to 18 April 2011. Resulting from the exercise, URA will be incorporating certain suggestions to the HDCLA (Housing Developers (Control & Licensing) Act) and HDR (Housing Developers Rules).

One of the important changes is the requirement for developers to provide a further breakdown of the strata floor area by room, "i.e. the sizes of individual bedrooms and kitchen/dining area should be stated in addition to the areas of other spaces such as balconies and private enclosed spaces;". We are very positive about this advance in policy and expect the measure to allow buyer of new residential property to make better decision.

 

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