Tomorrow's Property

In a play to encourage responsibility and protect the interests of home buyers, the Urban Redevelopment Authority (URA) recently revised the criteria for issuing sales licences for home builders, reported The Straits Times.

First, the minimum paid-up capital or deposit for those applying for a licence, has been raised from $1 million to between $1 million and $4 million, depending on the size of the project.

Those meaning to construct and sell a housing project with up to 50 units should have a paid-up capital of $1 million, $2 million for developments with 51 to 200 units, $3 million for projects with 201 to 400 units, and $4 million for larger developments.

Second, developers can no longer mention non-residential projects in the track record, to be submitted as portion of their sales licence application, as commercial and industrial projects and residential developments differ.

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Gem Residences

Northwave EC Treasure Crest Parc Riviera

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Gramercy Park

Centrium Square

Name
Centrium Square
Country
Singapore
Address
320 Serangoon Road
District
08
Est. TOP
31 Dec 2021

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Gramercy Park

The Cairnhill

Name
The Cairnhill
Country
Singapore
Address
4 Cairnhill Rise, Singapore 229740
District
09
Est. TOP

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Gramercy Park

183 LongHaus

Name
183 LongHaus
Country
Singapore
Address
183 Upper Thomson Road
District
20
Est. TOP
2020

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Gramercy Park

Thomson Impressions

Name
Thomson Impressions
Country
Singapore
Address
Sin Ming Avenue/Lorong Puntong
District
20
Est. TOP
October 12, 2019

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Gramercy Park

Gramercy Park

Name
Gramercy Park
Country
Singapore
Address
57 Grange Road
District
10
Est. TOP
March 2017 ( expected 2016 )

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Gramercy Park

Gem Residences

Name
Gem Residences
Country
Singapore
Address
Lorong 6/4 Toa Payoh
District
12
Est. TOP
April 2020

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Gramercy Park

The Poiz Residences

Name
The Poiz Residences
Country
Singapore
Address
Meyappa Chettiar Road
District
13
Est. TOP
TBA

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Gramercy Park

The Brownstone EC

Name
The Brownstone EC
Country
Singapore
Address
Canberra Drive
District
27
Est. TOP
1Q 2018

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