Just saw this article on Straits Times with the headline, “ABSD deadline fast approaching, but developers stay cool”.
Thus, I felt that it is good to find out who are the developers of these properties.
After all, I do have numerous developers in my portfolio (most probably will do an update on my portfolio soon) and hopefully none of the properties belong to the developers I have.
Another reason to list out these developers is to find out who they are and understand what are the various tactics they will take on. These tactics that they take on may positively or negative impact their share prices. This may then lead to opportunities for me to “pound” on.
Some of the tactics we have encountered developers to engage in, in order not to pay ABSD or Qualifying Certificates Charges, are as follows:
– Selling to a Singapore Subsidiary