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Unsold condos and ABSD: Time for review?

Showroom closures, curbs on foreign buyers, labour and supply disruptions, make it hard to meet ABSD deadlines

Nisha Ramchandani

Published Tue, Apr 14, 2020 · 09:50 PM

Covid-19

Singapore

FACED with the double whammy of a weakening economy and the ongoing circuit breaker, developers are expected to see slower sales in the near term, with some making the case for an extension to the additional buyer's stamp duty (ABSD) deadline.

The Business Times looked at whether residential projects approaching ABSD in 2020, 2021 and 2022 could be at risk of not meeting their individual deadlines.

Data crunched by real estate consultancy Cushman & Wakefield at BT's request showed that…