Prospective Singaporean homebuyers will likely find their bargaining position strengthened following the introduction of new rules forcing developers to disclose any discounts or other perks that they offer on their properties.
Developers have been offering a range of incentives to purchasers to entice them to buy in a depressed housing market, after the government introduced measures starting in 2009 to cap price growth in the sector.
The Urban Redevelopment Authority will begin releasing weekly net price figures incorporating the changes with immediate effect.
