“Property buyers who have difficulties in making payments because of the Covid-19 pandemic can get temporary reprieve under a new law to.. defer making progress payments to developers and HDB from Feb 1 until Oct 19.” Quote from The Straits Times This is actually a very good initiative by the Government to protect buyers who purchased aContinue reading “COVID-19 Special: Property buyers get temporary reprieve from making payments under Covid-19 law”
Tag Archives: temporary relief measures
COVID-19 Special: Developers to get more time to finish and sell by ABSD deadlines, allowed to start construction 2 and a half years later
“Up to around 500 private housing developments in Singapore could benefit from a six-month extension to the original timeline for the completion and sale of the projects’ housing units, a Ministry of Finance spokesman told The Straits Times on Thursday (May 7).” Quote from Ministry of Finance & The Straits Times The significance of thisContinue reading “COVID-19 Special: Developers to get more time to finish and sell by ABSD deadlines, allowed to start construction 2 and a half years later”
COVID-19 Special: Married Singaporean couples to get extra six months to sell their first residential property to qualify for ABSD remission
“Married Singaporean couples will have one year instead of six months to sell their first residential property to qualify for remission of additional buyer’s stamp duty (ABSD) for their second property.” Quote from The Straits Times On first look, this temporary relief measure does not seem very impactful but this is one of the bestContinue reading “COVID-19 Special: Married Singaporean couples to get extra six months to sell their first residential property to qualify for ABSD remission”
COVID-19 Special: Individuals can apply to defer property loan
“Individuals can apply to their banks and insurers to defer repayment of property loans, as well as premium payments for life and health insurance plans.. until 31 December 2020″ Quote from The Straits Times Perhaps one of the most important policy rolled out by the Singapore Government, this policy helps property owners who have purchasedContinue reading “COVID-19 Special: Individuals can apply to defer property loan”
Reuel Eugene Tay 