Shanmugam said he would be surprised if approvals for sale of landed properties to PRs will be more than 50% of last year. The criteria for approval will be more stringent. About 230 applications were received yearly and about 60% or 140 were approved. So likely the number of approvals will still be around 100 a year.
According to the MD of RealStar Premier Group, the company sold an average of
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