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HDB reminds EC developers against dangling pre-sale carrots

The housing authority also says it will fully investigate any feedback on malpractice by EC developers or their marketing agents

Fairness and transparency in the conduct of EC sales can be compromised if genuine investors feel pressured by media releases of high subscription rates and crowds in the showflats, said Century 21 Singapore CEO Ku Swee Yong.


THE authorities have weighed in on the issue of e-applications for executive condominiums (ECs), saying that developers of ECs are not allowed to offer incentives to buyers who have not booked units.

Developers are also required to engage independent auditors to audit...

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