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ABSD: Govt to take case-by-case approach for troubled projects

Minister Zaqy adds that government is 'monitoring the construction industry and the property market closely'

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Mr Zaqy does not see need to pro-rate ABSD penalty because "we don't have to shift the whole mechanism" to solve the problem.

Singapore 

IN response to requests by the construction industry to consider extending the additional buyer's stamp duty (ABSD) timeline from five years to six, Minister of State for National Development and Manpower Zaqy Mohamad on Wednesday said that the government will adopt a case-by-...

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