URA implements changes in Housing Developers Rules

New rules include providing more information on housing projects and property before issuing option-to-purchase.

The Urban Redevelopment Authority has implemented changes to the Housing Developers Rules. The changes will enhance transparency in the real estate industry and enable home-buyers to make better informed decisions when buying a home.

According to a release, developers will have to provide more information on the housing project and property to home-buyers before the issue of the Option-to-Purchase. The information to be provided would include a drawn-to-scale location plan and site plan of the project, unit floor plan and a breakdown of a unit’s floor area by the various spaces such as bedrooms, balconies and bay windows.

Developers will have to provide information on at least one completed project they had built to home-buyers before the issue of the Option-to-Purchase.

Developers will have to obtain the home-buyer’s consent for changes in a unit that would affect the home-buyer, e.g. changes to the layout of the unit.

Existing controls on advertisements in newspapers and sales brochures will be extended to advertisements on websites. Similar to advertisements in newspapers and sales brochures, advertisements on websites must not contain any false or misleading information.

The Real Estate Developers Association of Singapore welcomes the changes to the HDR. Its president Mr Wong Heang Fine said: “URA had worked closely with members of the real estate industry and other key stakeholders when reviewing the changes to the HDR. REDAS supports these changes which will help potential buyers make more informed choices when purchasing their ideal homes. As a body representative of a large community of property developers, REDAS is committed to continually promote good practices and professionalism among developers to deliver better and higher quality homes for all.”

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia