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VIRUS OUTBREAK

Developers get reprieve on completion, sale, ABSD, QC deadlines

Government grants temporary 6-month extension for project completion, sale relating to ABSD remission and project disposal under QC regime

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For their part, developers are expected to provide relief and support to their main contractors - especially during the circuit-breaker period - when work progress is disrupted.

Singapore

THE government has rolled out temporary relief measures for the property sector, giving developers much-needed breathing room as the Covid-19 pandemic disrupts construction timelines and dampens home sales.

The temporary measures, which kick in immediately, are:

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