Media Statement | Pre-Approved Amendments to OTP | 7 Aug 2025
“URA’s recent clarification provides greater certainty for developers on the use of standard Option to Purchase (OTP) forms and the need to complete customer due diligence (CDD) before proceeding with any transaction. These are important steps to ensure good practices and maintain Singapore’s reputation as a trusted and transparent business hub.
REDAS will continue to work closely with our members and the authorities to support implementation and raise awareness of these regulatory requirements across the industry.”
More information – https://www.ura.gov.sg/Corporate/Guidelines/Circulars/coh25-02
