Sceneca Residence is a 99 years leasehold upcoming mixed development condo right in front of Tanah Merah MRT station in District 16
A Sale Licence allows the developers to sell the units once Building Plan Approval is given whereas developers who are issued with No-sale Licence usually mean that the developer can only commence construction but are not allowed to sell any units before Temporary Occupation Permit (TOP) is obtained for the project.
A No-sale Licence has just been issued to MCC Land by URA for Sceneca Residence - an upcoming mixed development project in Tanah Merah right with direct access to the MRT station that has been garnering keen interest from mass market home buyers.
The No-Sale Licence states that the developer "shall not, in respect of any unit in the development, grant any option to purchase, or enter into any sale and purchase agreement, or dispose of it in any way, without first obtaining the approval of the Controller in writing"
More information will be released soon as we get more updates from MCC Land and URA.
A No-sale Licence has just been issued to MCC Land by URA for Sceneca Residence - an upcoming mixed development project in Tanah Merah right with direct access to the MRT station that has been garnering keen interest from mass market home buyers.
The No-Sale Licence states that the developer "shall not, in respect of any unit in the development, grant any option to purchase, or enter into any sale and purchase agreement, or dispose of it in any way, without first obtaining the approval of the Controller in writing"
More information will be released soon as we get more updates from MCC Land and URA.
Straits Times online on 20 July 2022
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