New regulations for private housing developers are set to come into effect early next year.These changes will require developers to be more transparent with homeowners regarding the property being sold and the former's track record, said Minister of National Development Chee Hong Tat on Thursday (Nov 13).In a speech during the Real Estate Developers' Association of Singapore's (Redas) 66th anniversary dinner at Shangri-la Hotel, Chee said that the Urban Redevelopment Authority (URA) and Building and Construction Authority (BCA) wish to better safeguard homeowners' interests by supporting them in making informed decisions.According to a factsheet provided by the authorities, developers are currently required to provide scaled unit floor plans, with rooms and spaces clearly marked, alongside site plans showing communal facilities.They also have to share the date of completion and descriptions of previous projects.The changes proposed by the URA and BCA will require developers to provide additional information to potential homeowners at the point of sale. Read more