No further extension for ABSD remission deadline: Some disappointment over no additional time for unit sales

Additional temporary relief measures for developers whose construction timelines have been disrupted by the pandemic were announced on Thursday.
Additional temporary relief measures for developers whose construction timelines have been disrupted by the pandemic were announced on Thursday. PHOTO: REUTERS

Some residential developers are disappointed that the additional buyer's stamp duty (ABSD) remission deadline to sell all units in a project was not further extended, although they have been given an additional six months to complete construction.

Additional temporary relief measures were announced on Thursday night for developers whose construction timelines have been disrupted by the pandemic.

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A version of this article appeared in the print edition of The Straits Times on October 10, 2020, with the headline 'Some disappointment over no additional time for unit sales'. Subscribe