SUBSCRIBERS

Developers confident of beating 2020 ABSD deadline

But for projects with deadlines beyond 2021, developers will need creative sales pitches

Nisha Ramchandani
Published Thu, Nov 7, 2019 · 09:50 PM

Singapore

SEVEN housing projects facing additional buyer's stamp duty (ABSD) deadlines next year have yet to sell all their units - but their developers are confident these will be sold in good time, following an opportune mix of strong demand and low supply at launch that allowed them to rack up brisk sales.

According to data from real estate consultancy Cushman & Wakefield, the projects have a total of 95 unsold units. However, of the seven, the majority have already cleared over 90 per cent of their inventory as at end September this year.

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here