URA curbs developers re-issuing OTP come amid apparent robust home sales during recession

Source: https://www.straitstimes.com/business/property/ura-curbs-developers-re-issuing-otp-come-amid-apparent-robust-home-sales-during

The government is encouraging Singaporeans to practice cautious spending as they see increased splurges on purchases, especially big ones on homes such as Marina One Residences. This could be attributed to the “pent-up demand” from the Circuit Breaker. Singapore’s private property launches such as Marina One Residences has seen increased demand and sales despite the recession caused by Covid-19.

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