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Senior Reporter/Producer
Prime Minister Kamla Persad-Bissessar yesterday defended a new Housing Development Corporation (HDC) policy, which has introduced a five per cent fee on the transfer of properties within families and a ten per cent fee on transactions involving the sale of its properties.
Her defence came hours after former Housing and Urban Development minister Randall Mitchell posted a document announcing the new policy on his Facebook page yesterday, and slammed the Government for the change. But even while Persad-Bissessar was defending the HDC move, Housing Minister David Lee claimed to have no knowledge of the policy and launched an investigation into the matter.
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