No further extension for ABSD remission deadline: The Straits Times

Developers are appealing to the Singapore government to adopt a more progressive approach towards levying penalty for unsold units. They called for the government to charge ABSD based on the number of unsold units. Despite the 6 months extension, the date of vacant possession committed by the developer to their buyers had not changed and potentially, this will subject the developer to liquidated damages if they fail to deliver the property on the stipulated date.

Source: https://www.straitstimes.com/business/property/some-disappointment-over-no-additional-time-for-unit-sales

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