Developers confident of beating 2020 ABSD deadline
But for projects with deadlines beyond 2021, developers will need creative sales pitches
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Singapore
SEVEN housing projects facing additional buyer's stamp duty (ABSD) deadlines next year have yet to sell all their units - but their developers are confident these will be sold in good time, following an opportune mix of strong demand and low supply at launch that allowed them to rack up brisk sales.
According to data from real estate consultancy Cushman & Wakefield, the projects have a total of 95 unsold units. However, of the seven, the majority have already cleared over 90 per cent of their inventory as at end September this year.
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