Property developer City Developments' chairman Kwek
Leng Beng has expressed hope that the government this year will
tweak or even remove rules which bind developers with foreign
stakeholders to strict timelines to complete and sell a
The rules that govern "qualifying certificates" put the heat
on developers which purchase private land to push projects out
quickly, depleting their land bank, Kwek said at the developers'
earnings briefing. (link.reuters.com/vad37v)
NOTE: Reuters has not verified this story and does not vouch
for its accuracy.
(Compiled by the Singapore newsroom; Editing by Anand Basu)