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URA clampdown on option re-issue may have some cooling effect on property market

Buyers could adopt a more cautious stance as they now face a non-extendable deadline to make a purchase, say analysts.


THE Urban Redevelopment Authority (URA) has curbed private housing developers from re-issuing the option to purchase (OTP) to the same buyers of the same unit with immediate effect, amid worries that "financial discipline" is slackening despite the recession.


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