SINGAPORE PRESS-New rules may raise costs for developers - Business Times

Mon Mar 10, 2014 8:00pm EDT

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Requiring developers to adopt productive technologies and prefabricated components in new projects, as announced by the Ministry of National Development (MND) yesterday, is widely expected to translate into higher costs for them in the short term.

Developers will have to adopt productive technologies for selected Government Land Sale (GLS) sites from the second half of this year, MND said during the Budget debate.

NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Reporting by Rujun Shen)

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