6-Month ABSD Extension for Homeowners during Covid-19

Source: https://www.todayonline.com/singapore/6-month-time-extension-property-developers-homeowners-affected-covid-19

Amidst the evolving Covid-19 Circuit Breaker implementation, the Singapore government has announced a 6-month extension in the Additional Buyer’s Stamp Duty (ABSD) which permits Singaporean married couples to have one year instead of the previously implemented six months of remission. Singaporeans are able to enjoy the flexibility of the extension during the Circuit Breaker with sufficient time to sell their first residential property and proceed with their second home such as Marina One Residences.

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