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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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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.

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

sentifi.com

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