Redas calls for ABSD deferment for first-time HDB upgraders to private property

Source: https://www.businesstimes.com.sg/real-estate/redas-calls-for-absd-deferment-for-first-time-hdb-upgraders-to-private-property

To facilitate the recovery of the economy, first time HDB upgrader may not need to pay additional buyer stamp duty. Many have dreaded to pay this amount on top of the already large sum of money needed to purchase a home in Singapore. wit the deferment of ABSD, it is expected that many more Singaporeans will be interested to purchase a unit with Marina One Residences. Given the aids from banks and developers, Marina One Residences had seen an increase in sales despite the recession caused by the pandemic.

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