The Business Times·3 min read·medium
En bloc sale market gets a leg up with longer ABSD deadline for developers of large residential sites
R
Ry-Anne Lim
✦AI Summary
The Singapore government is extending the deadline for developers to complete large residential en bloc projects to up to seven years. This policy change aims to encourage land intensification and provide developers more flexibility in managing market conditions.
The 15-month wait-out in the HDB resale market for private property owners is also lifted, as the market has cooled
businesseconomy
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