Singapore Eases Rules to Help Developers
Singapore said it is providing temporary relief for property developers hit by disruptions to construction and home sales due to the COVID-19 pandemic amid disrupted supply chains and manpower shortages. The measures include allowing developers to extend the completion time for projects and a relaxation of a rule that penalises some firms for not building and selling homes in a timely fashion. "The government will continue to ensure that prices for private residential properties remain broadly consistent with economic fundamentals," authorities said.
Tags : INTERNATIONAL Developers construction Singapore COVID-19 pandemic economic