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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

Published Tue, Jun 21, 2016 · 09:50 PM
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Singapore

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 their sale processes to ensure they fulfil their obligations.

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