Prices and sales still holding up

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#21
(12-11-2012, 08:36 AM)CityFarmer Wrote: IIRC, there are regulations on the holding period of developers with their unsold units after TOP. A hefty penalty will impose if fail to comply.
Moreover, able to hold != feasible to hold Tongue, after factoring interest rate, opportunity cost etc.

EC yes. They will be forced to sell to individual buyers.
But private condo? I think I can already imagine numerous schemes that allow them to skirt around the penalty.
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