Completion period for EC sites extended to 5 years
The previous 4-year time frame will no longer apply to new EC sites starting with Sumang Walk in Punggol
Singapore
THE government is extending the project completion period (PCP) for executive condominium (EC) sites from four years to five years.
The longer PCP starts with the EC site in Sumang Walk in the Punggol area, which was launched on Tuesday by the Housing & Development Board (HDB) under the confirmed list of the second-half 2017 Government Land Sales (GLS) Programme.
TRENDING NOW
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
The Asian playbook for global brands no longer works