The Urban Redevelopment Authority (URA) stopped Hao Yuan Investment from launching Forestville executive condominium (pictured) as changes made to its development plans were still not approved, reported The Straits Times.
“Based on our preliminary investigation, we found that the developer has launched the project with some proposed changes to the development plans which had not been approved yet. This is not allowed,” stated URA.
This follows speculation over the reason for the no-launch order issued by authorities. Pending further investigation, URA’s Controller of Housing (COH) has prohibited the developer from selling the units.
“The results of the investigation will help us determine what further actions to take,” it said.
Hao Yuan had proceeded with the launch of the project in Woodlands last Friday without COH’s approval. Despite instructions by the developer to agents not to collect cheques, there were still some who did so. As a result, a number of potential buyers are waiting for their cheques to be returned.
Peter Siddham, a potential buyer said: “I don’t know what happened. In fact, what’s going on inside, I don’t know.”
Some mentioned that their agents had arranged for the return of their cheques whilst others had no idea that cheques would be returned.
The report added that Forestville’s showflat was closed yesterday, while Hao Yuan declined to say when it will be re-opened.
Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
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