Property buyers get temporary reprieve from making payments under Covid-19 law

Source: https://www.straitstimes.com/business/property-buyers-get-temporary-reprieve-from-making-payments-under-covid-19-law?xtor=CS3-18&utm_source=STiPhone&utm_medium=share&utm_term=2020-05-15%2017%3A05%3A11

With the Covid-19 Circuit Breaker in place, affected buyers can benefit from The Covid-19 (Temporary Measures) Act whereby a longer duration is provided for agreements such as the sale and purchase agreement and to defer progress payments to developers. Prospective homeowners for Marina One Residences are able to get a temporary reprieve and proceed with assurance despite the pandemic, in securing their dream home.

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