URA Releases Data Of Private Homes Sold Under DPS

Source : The Business Times, December 19, 2008

Urban Redevelopment Authority (URA) on Friday released information of private homes sold under the Deferred Payment Scheme (DPS).

A total 10,450 units in uncompleted projects were still under the DPS as at Nov 30, 2008.

'This number may change over time as the developers may not extend the scheme to sub-purchasers when the original purchasers sub-sell the units. It also depends on whether the buyers of the remaining units that are not launched or sold yet are offered the DPS or choose to take up the scheme private homes sold in uncompleted projects,' URA said in its release.

URA also gave a breakdown of the 10,450 units still under DPS by three geographical locations and expected year of completion. Some 413 units are expected to be completed by the end of this month. The bulk of the stock, or 4,560 units, is slated for completion in 2009, followed by 2,540 units in 2010.