Arcachon
08-02-20, 07:04
In particular, the ABSD remains in place, which means developers still have to develop and sell all the residential units within five years, failing which they will be subject to the ABSD charges. The ABSD penalty, which was raised from 15% to 30% in July 2018 (of which 5% is non-remittable), is more onerous compared to the QC penalty. The timeline is also shorter: five years compared to seven years for QC.
https://www.edgeprop.sg/property-news/qc-exemption-balm-enough-soothe-coronavirus-bruised-property-market?utm_source=Whatsapp&utm_medium=news
https://www.edgeprop.sg/property-news/qc-exemption-balm-enough-soothe-coronavirus-bruised-property-market?utm_source=Whatsapp&utm_medium=news