On 6 May 2020, the Ministry of National Development announced temporary relief measures to support the overall property market with both developers and homeowners getting help.
- Extension of the Project Completion Period by 6 months for residential, commercial and industrial development projects
- Extension of the commencement and completion of residential development and sale of housing units in residential developments relating to the remission of the ABSD by 6 months
- Extension of the PCP and/or disposal period by up to a total of 6 months for residential development projects under the QC regime for foreign housing developers
- Extension of time by 6 months for the sale of 1st residential property relating to the ABSD remission for the 2nd residential property for a Singaporean married couple (at least 1 Singapore Citizen)