Buying

11 Proposed Developer Changes To Help Homebuyers: A Breakdown + How It Affects You

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Ryan J

A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan’s expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938’s Open House programme underscores his commitment to providing valuable insights into the property market.

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Concerned Citizen
Concerned Citizen
3 years ago

I think it is great that the government is stepping in to increase transparency. Even though we may have a showroom to walk through today, the extensive ID touches still makes it hard to visualise the actual space we will eventually be receiving.

However I also worry about the developers ever shrinking margins with the latest ABSD updates coupled with the sky high commissions they have been giving to Agents. If developers eventually resort to cutting corners to maintain their profit margins, the new owners will be the ones left with the short straw.

Stacked Homes
Admin
3 years ago

Hey! We totally agree with the direction towards greater transparency – and this is a good step forward but not the endgame! ID touches is there to impress, perhaps an option to view what the unit would look like without so much of an ID treatment helps too – especially in getting a good sense of the layout and space! About the smaller margins, we do hope that it would not affect the quality of developments moving forward. What we know is developers have to be very picky on what they buy, but to cut corners would result in a poorer reputation so hopefully this wouldn’t be an issue!

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