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QC rules still apply for conversions to serviced apartments
A key motivation for developers seeking change is hope of exemption from 2-year sales deadline, without paying any penalty
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Kalpana Rashiwala
Published Wed, Feb 25, 2015 · 09:50 PM
Singapore
DEVELOPERS that may be thinking of converting private residential projects on sites that are subject to Qualifying Certificate (QC) conditions to serviced apartments may be heading for a dead end.
The Singapore Land Authority (SLA) would still require them to sell the whole project within the stipulated two years after completion - or pay extension charges.
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