Many in the industry continue to advocate for stronger affordable housing initiatives and ways that can help make homeownership easier.

Developers who are not able to deliver their residential projects on time may request for an extension of an additional 12 months from the original 36 months, provided no sale and purchase agreement has been signed.

“It is not just about the open streets, avenues and boulevards that are inhabited by people — it’s the buildings themselves.”

Housing prices will definitely not go down as elements of property development such as land cost and development charges keep increasing, said a group of panellists.

The three key areas are financing, cost of doing business and the GST exemption.

Holistic sustainability with IKEA.

The survey also revealed that 45% of property purchasers in 1H2017 are first-time homebuyers, followed by upgraders at 33%. 

“There is a big discrepancy between projected supply and actual supply.”

“But something needs to be given (by the government), you can’t keep on pushing up the compliance cost, impose new policies and charge us for that.”

Rehda recent survey showed that only 31% of respondents had new launches in the first half of the year.