As of last week (9
th October), property developers were granted another six-month extension to complete their projects. This is a second round of extension, with the last one being in May – altogether, property developers now have a full additional year.
This is fair given the unavoidable difficulties. Covid-19 has disrupted supplies and manpower, and construction had to be halted during the Circuit Breaker period. But what does the overall one-year extension mean for home buyers? Here are some of the side-effects:
- The delays may be fuelling interest in resale HDB properties
- A greater incentive to buy the condo before selling the flat
- QC and ABSD extensions mean lower likelihood of discounts
- It could affect upgrading plans due to the MOP
- The delays may be fuelling interest in resale HDB properties
An interesting phenomenon in the past few months is the increase in HDB resale prices. Here’s what it looks like:...
