Posted in Latest News, by Strait Times, on Dec 12, 2019

ABSD Extension Unlikely For Developer

Extending the deadline for developers to build and sell all the units on a site could help ease oversupply in the market but may not address flagging buyer demand, said experts.

Their comments come after City Developments Limited (CDL) called for the sale timeline to be lengthened to seven or 10 years to reduce pressure on developers and prevent the worsening of the supply glut.

ABSD extension

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