Singapore Extends ABSD Timelines for Mega En Bloc Projects to Boost Redevelopment

National Development Minister Chee Hong Tat announced a major recalibration of Singapore's Additional Buyer's Stamp Duty (ABSD) regime on Tuesday, extending the critical sales deadline for developers of large collective sale sites. Speaking at the Singapore Economic Review Conference, Chee acknowledged that developers tackling massive en bloc redevelopments face fundamentally different execution, construction, and sales risks compared with smaller projects. The changes take...