12-11-2012, 08:46 AM
(12-11-2012, 08:36 AM)CityFarmer Wrote: [ -> ]IIRC, there are regulations on the holding period of developers with their unsold units after TOP. A hefty penalty will impose if fail to comply.
Moreover, able to hold != feasible to hold, after factoring interest rate, opportunity cost etc.
EC yes. They will be forced to sell to individual buyers.
But private condo? I think I can already imagine numerous schemes that allow them to skirt around the penalty.