The Real Estate Developers' Association of Singapore (REDAS) is comprised of members from all key property developers of Singapore.
Aimed to protect and safeguard the legitimate interests of its members, REDAS is active in making representations to all bodies, public or semi-public in nature, that concern the planning, organisation, promotion, development, financing and administration of businesses in real estate and public utilities.
To uphold the quality of products by REDAS' members, we also provide conciliation panel services for purchasers who are dissatisfied with their respective vendor for win-win solutions.
Our Association had a unique beginning. In the late Fifties, when the increase in demand for more housing developments become apparent, many companies jumped onto the bandwagon. To safeguard the interests of the public and to prevent malpractice, a group of developers gathered together to initiate the formation of an Association.
In November 1958, the Singapore Land and Housing Developersí Association was founded and officially registered on March 30, 1959. The Founder-President was Mr Lee Kim Tah BBM(L).
In the early sixties, come
developers took advantage of the steep increase in demand for housing by
collecting more advance payments than they should before the completion of their
projects. No definite completion date or building specifications were
incorporated in the Sale and Purchase Agreement. Complaints subsequently drove
the government to control the activities of housing developers.
The Association studied the proposals for the guidelines put forward by
the authorities and recommended alternatives or changes. After much discussion
and negotiation, the final form of the government legislation took shape in the
form of the Housing Developers (Control and Licensing) Act of 1965.
Following this Act, there were others including those passed in 1973 and 1976, both not really to the advantage of the real estate Fraternity, but the Associationís concerted voice was heard again with whatever bearing it could bring on their final forms.
Meanwhile, the Association
joined the Asia Pacific Real Estate Federation (APREF) in 1972. The APREF is an
organisation devoted to regional co-operation among real estate developers in
the Asia Pacific region. Our longest serving President, the late Mr Hanson
Kwauk, was elected APREF President in 1974. In 1998, Mr Daniel Teo was elected
APREF President for 2 years.
As the Singapore economy continued to grow, housing developers extended
their activities to building industrial and commercial spaces.
To reflect the need for change in the industry and the determination to
face challenges in the future, the Association was renamed Real Estate
Developersí Association of Singapore (REDAS) in 1977.
With the renaming, the objects and rules of the association were constituted
and appropriately filed with the Registry of Societies. Please click to view
the REDAS Constitution.
The objectives were refined to in-corporate emphasis on building better
quality properties, mechanisation of building methods and improving existing
development schemes for the betterment of our society at large. The Association
also aims to serve the interest of its members more effectively without
necessarily infringing on the interests of the general public.
The REDAS logo stands for
190 Clemenceau Avenue #07-01
Singapore Shopping Centre
Tel : 6336 6655
Fax : 6337 2217
E-mail : firstname.lastname@example.org
Our Website : www.redas.com