Covid-19 relief measures for property sector extended for 6 months
Singapore
THE Singapore government has extended temporary relief measures for property developers in view of the continued disruptions to construction timelines from the Covid-19 pandemic.
Developers will get six-month extensions to the construction timeline-related requirements for the Project Completion Period (PCP), Additional Buyer's Stamp Duty (ABSD) regime and Qualifying Certificate (QC) regime.
TRENDING NOW
Trickier across borders: Why commercial disputes are getting more complex
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
When every phone becomes a satellite phone, what happens to Asia’s telcos?
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself