Khaw reminds developers to exercise flexibility within “spirit” of EC policy

SINGAPORE – While the Government provides developers of Executive Condominums (ECs) with “much flexibility”, National Development Minister Khaw Boon Wan today reminded developers to “be mindful that flexibility must be exercised in keeping with the intent and spirit of the EC policy”.

Pointing to a media report showing an EC penthouse had sold for S$1.77 million….

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