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

This may have prompted the Urban Redevelopment Authority to impose new restrictions on developers re-issuing options to purchase (OTP).

On Primetime, Rachel Kelly spoke to Nicholas Mak, Head of Research and Consultancy at ERA Real Estate to make sense of these new guidelines to encourage prudent private home buying.

The need for prudence in the property market is even more acute now given an&nbsp;uncertain economic climate and rising retrenchments.
This may have prompted the Urban Redevelopment Authority to&nbsp;impose new restrictions on developers re-issuing options to purchase (OTP).
On Primetime, Rachel Kelly spoke to Nicholas Mak, Head of Research and Consultancy at ERA Real Estate to make sense of these new guidelines to encourage prudent private home buying.

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