www.propertyguru.com.sg | 2 Sept 2013
The housing board’s latest restrictions on newly-minted permanent residents (PRs) has abruptly halted around 150 property deals, said media reports which quoted property agents.
The new measures announced last week came into immediate effect and requires new PRs to wait three years before they can buy a resale flat. National Development Minister Khaw Boon Wan explained that the move is in line with the government's efforts to “restore balance” in the HDB market.
The new measures announced last week came into immediate effect and requires new PRs to wait three years before they can buy a resale flat. National Development Minister Khaw Boon Wan explained that the move is in line with the government's efforts to “restore balance” in the HDB market.
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