More time for up to 500 private home projects to meet deadlines

more-time-for-developers
more-time-for-developers-meet-deadlines

Source: https://www.straitstimes.com/business/property/more-time-for-up-to-500-private-home-projects-to-meet-deadlines

Piermont Grand

With the announcement of the latest measure, there are about 100 residential, commercial and industrial development projects that will qualify for this extension.

The measures could help stabilise the property market and can benefit HDB upgraders who will now have one year instead of six months to sell their first residential property to qualify for ABSD remission for their second property.

This will relieve some pressure for them to sell their flats in this challenging environment.

 

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