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Redas calls for ABSD deferment for first-time HDB upgraders to private property

Upgraders to ECs currently get ABSD remission; they are given six months to dispose of their HDB flats after getting key to new EC unit

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Toasting amid safe distancing are (from left) Redas president Chia Ngiang Hong; Redas honorary secretary Chong Hock Chang; Minister for National Development Desmond Lee; Redas first vice-president Cheng Hsing Yao; Redas patron Kwee Liong Keng; Redas immediate past president Augustine Tan.

Singapore

THE head of the Real Estate Developers' Association of Singapore has urged the government to urgently consider allowing first-time upgraders from an HDB flat to a private property to defer payment of the additional buyer's stamp duty (ABSD) till six months after the completion...

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