Homebuyers facing financial difficulties given more time to make payment

The extension from 31 December to 31 March 2021 seeks to help residential, industrial and commercial property buyers affected by the pandemic.

Continue ReadingNov 17, 2020

Concessionary property tax rates automatically granted to EC, HDB, DBSS flat owners

Only owner-occupied residential properties enjoy concessionary property tax rates. Properties which are rented out or vacant do not enjoy this concession, says Deputy Prime Minister Heng Swee Keat.

Continue ReadingNov 5, 2020

Government extends all construction contract deadline by four months

Affected homebuyers can seek reimbursement from developers, including the Housing and Development Board (HDB), for out-of-pocket costs due to construction delays, such as when they would have to rent a place for a longer period.

Continue ReadingNov 4, 2020

864 households applied for HDB loan deferments from April to August 2020: MND

Around 2,500 households have received assistance from HDB with their mortgage payments since the start of the circuit breaker period.

Continue ReadingOct 15, 2020

Government unveils additional temporary relief measures for property developers affected by COVID-19

The additional relief measures include extending the project completion period for most development projects by another six months. The conditions to qualify remain the same as those provided on the temporary relief measures unveiled on 6 May.

Continue ReadingOct 12, 2020

Individuals with housing loans may apply to repay 60% of their monthly instalments for up to nine months

As part of a series of the COVID-19 relief measures, applicants need only prove that their income has been affected and that their loan payments are not more than 90 days due, whether or not they had availed of earlier payment reliefs.

Continue ReadingOct 8, 2020

Supporting You Further with COVID-19 Relief Initiative: Circuit Breaker Edition

Dear Agent Partners,  Hope you and loved ones are coping well, the time we’re facing now is an exceptional one.  Being the first to roll out a suite of relief initiatives for you on 18th March 2020, we understand that the situation has since progressed. We have heard your feedback and are...

Continue ReadingApr 13, 2020