It didn’t seem too long ago that, after the Normanton Park en bloc, the talk of the town was about developer Kingsford Huray being hit with a no-sale licence by the Urban Redevelopment Authority (URA). That was in January 2019, but fortunes for the developer have dramatically changed since then. In recent weeks, agents have…
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Tag: No-Sale License
Property Jargon of the Day: No-Sale License
Everyday at 99.co, we pick a piece of property jargon to demystify for you. Today, we look at the No-Sale License: No-Sale License (somebody did a bad, bad thing) Most property developers are granted a Sale License once their Building Plan Approval is received. This allows them to start selling units in the project, even…
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