https://t.me/SGpropertiesforum/36645

MCC Land (TMK), the developer of a mixed-use development in Tanah Merah Kechil Link, has been hit with a no-sale licence

2. What is the difference between a Housing Developers’ Sale Licence and a No-Sale Licence?

A Sale Licence allows the developers to sell the units once Building Plan Approval is given. Developers with No-sale Licence can only commence construction but are not allowed to sell any units before Temporary Occupation Permit (TOP) is obtained for the project. A developer with a No-sale Licence will need to apply to the Controller to convert the licence into a Sale Licence before he can sell any unit after he has obtained TOP for the project. He can also convert to a Sale Licence prior to obtaining TOP for the project if he is able to satisfy the criteria to qualify for a Sale Licence.