New guidelines to encourage prudent private home buying: The Straits Times

From 28 Sep 2020 onwards, developer will no longer be allowed to re-issue option to purchase of a residential property to multiple times to the same buyers. This move is to instill more prudence into buyer’s decision making process amid the current uncertainty owing to the pandemic. However, should there be genuine reason for the extension beyond the current three weeks, Controller of Housing might consider extending this to option validity to 12 weeks.

Source: https://www.straitstimes.com/business/property/new-guidelines-to-encourage-prudent-private-home-buying

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