Search Articles

in

Latest Related Ads

481 Sembawang Drive
5-Room HDB Blk 481 Sembawang Drive, For Sale

*** 5I for Sale *** >
chinese owner > 110
sqm > c


The Palette
The Palette (D18) Condominium, For Sale

As good as new! Serve
as a "resort" for owner
oc


233 Simei Street 4
5-Room HDB Blk 233 Simei Street 4, For Sale

For Sale at Blk 233
Simei Street 4 >
5I > 1



Singapore Property News

Developers paying 'almost nothing' in extension charges this year

Developers are paying "almost nothing" in extension charges this year, said Singapore Land Authority chairman Lim Sim Seng on Monday (April 30).

Posted on 02-May-2018

| More
Developers paying 'almost nothing' in extension charges this year

Developers are paying "almost nothing" in extension charges this year, said Singapore Land Authority chairman Lim Sim Seng on Monday (April 30).

It is an indication of the active property market which includes purchases of replacement homes by those who sold en bloc, said Mr Lim, DBS Bank Singapore country manager.

The previous year's extension charges or qualifying certificate (QC) penalties  paid by developers amounted to about S$50 million, said Mr Lim.

Developers are paying "almost nothing" in extension charges this year, said Singapore Land Authority chairman Lim Sim Seng on Monday (April 30).

It is an indication of the active property market which includes purchases of replacement homes by those who sold en bloc, said Mr Lim, who was speaking to the Business Times on the sidelines of the DBS Group Holdings' first-quarter results briefing. Mr Lim is also DBS Bank Singapore country manager.

The previous year's extension charges or qualifying certificate (QC) penalties paid by developers amounted to about S$50 million, said Mr Lim.

View articles from these categories