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Yi Qian

Singapore extends ABSD remission deadline by up to a year, easing pressure on developers and supporting urban growth. Learn how this impacts property sales and market stability.

March 6, 2025

Extended ABSD Remission Deadline Signals Government Support for Developers Amid Market Caution

With effect from the August 2023 Build-to-Order (BTO) Exercise, stricter penalties will be imposed on couples who do not select a flat when invited by the Housing and Development Board (HDB) to do so. A new priority category benefiting first-timer families applying for their first BTO flat was also introduced. In his Committee of Supply …