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

The need for prudence in the property market is even more acute now given an uncertain economic climate and rising retrenchments.
The need for prudence in the property market is even more acute now given an uncertain economic climate and rising retrenchments.PHOTO: ST FILE

The need for prudence in the property market is even more acute now given an uncertain economic climate and rising retrenchments.

Observers say the issue has come to the fore in the light of concerns that the apparent robust private home sales in the past few months amid a severe recession are giving rise to a distorted perception of the market.

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A version of this article appeared in the print edition of The Straits Times on September 29, 2020, with the headline 'URA curbs come amid apparent robust home sales during recession'. Print Edition | Subscribe