In a move that could lead to a revival of Singapore’s enbloc market, the government has announced a series of changes that make redeveloping large collective sale sites more financially viable to property developers. The Minister for National Development, Chee Hong Tat, announced major changes to the sales deadline for enbloc redevelopment projects, as well as an adjustment to the Additional Buyer’s Stamp Duty (ABSD) regime faced by developers undertaking large-scale enbloc projects. For any collective sale site purchased by developers on or after July 29, developers will have six years to complete and sell all of the units in the project – on the condition that the new development has at least 700 residential units but less than 1,400 residential units – up from the previous 5.5 year limit. For mega-size collective sale redevelopment projects, where the new project consists of at least 1,400 residential units, developers will have seven years to complete and fully sell all units....