/// Banking and Investment News
More Curbs on Property Speculation
The spokesman said that to
further ensure transparency
between developers and buyers, all
developers must display in detail
the selling price, which includes all
free offers of goods, services and
payments.
In a move to further curb property
speculation, developers who sell
more than four residential units to
a single person or a company must
now register the purchaser with
the housing controller within 14
days of the sale-and-purchase (S&P)
agreement being signed.
This new requirement is expected to
improve transparency