# Extension to Temporary Relief Measures for Property Sector due to Coronavirus Disease 2019 (COVID-19) Pandemic - **Source:** Ministry of National Development - **Published:** 2021-06-28T11:30:00.000Z - **Author:** Ministry of National Development - **Original:** https://www.mnd.gov.sg/newsroom/press-releases/view/extension-to-temporary-relief-measures-for-property-sector-due-to-coronavirus-disease-2019-(covid-19)-pandemic - **Topics:** Private Residential, Commercial & Industrial, Government & Policy ## Featured rationale The relief may reduce construction-delay penalties and near-term pressure on developers, while unchanged sales deadlines and cooling measures preserve incentives to clear housing inventory. ## AI summary Qualifying property projects received six-month extensions for completion and specified ABSD and Qualifying Certificate construction timelines, without extending deadlines to sell all residential units. ## Original article The Government announced today an extension to the temporary relief measures for property developers affected by disruptions to construction timelines, as border measures were tightened from April and May 2021 because of a resurgence in COVID-19 infections. These are in addition to the temporary relief measures announced on 6 May 2020 and 8 October 2020. These temporary relief measures do not alter the existing residential property market cooling measures which remain to ensure that private residential property prices are broadly consistent with economic fundamentals. The extension to the temporary relief measures, to be implemented with immediate effect, are: (i) Extension of the Project Completion Period (PCP) by six months for qualifying residential, commercial and industrial development projects; (ii) Extension by six months for the commencement and completion timelines of residential development projects in relation to the remission of the Additional Buyer’s Stamp Duty (ABSD) for qualifying housing developers;1 and (iii) Extension of the PCP by six months for residential development projects under the Qualifying Certificate (QC) regime for qualifying foreign housing developers. While construction works have gradually resumed since August 2020, construction projects continue to face challenges. The sector may experience manpower shortages and further disruptions to construction timelines due to the tightening of border measures from April and May 2021 that limit the inflow of migrant workers. All housing developers will continue to be subject to the prevailing ABSD regime. Qualifying housing developers will have a six-month extension of the remission condition timelines for commencement and completion of the residential development projects.2 There is no further extension of the remission condition timeline for the sale of all housing units in the residential development project. The extension to the measures will provide targeted relief to developers in the near term with regard to the construction timeline-related requirements of the PCP, ABSD regime and QC regime. The Government will continue to support developers and contractors in their efforts to complete development projects in a timely manner, while ensuring compliance with safety measures. With the extension to the measures, the Government expects developers to similarly provide relief and support to their main contractors and consultants. The Government will also continue to closely monitor the normalisation of activities in the construction industry, and on the property sector. The Government will continue to support the stakeholders as necessary and appropriate, as we transition to a new normal where COVID-19 becomes endemic. Private Residential Development Projects The PCP for qualifying residential development projects on Government sale sites, or on land which was directly alienated or had their lease renewed by the Singapore Land Authority (SLA), will be extended by six months. The conditions to be met to qualify for the extension of the PCP are as follows: (i) The land was awarded on or before 7 May 2021, or the land was directly alienated or had their lease renewed by SLA on or before 7 May 2021; and (ii) The original timeline for completion of the residential development expired on or after 1 February 2020. For cases where the land was awarded on or before 1 June 2020, or where the land was directly alienated or had their lease renewed by SLA on or before 1 June 2020, this six-month extension will be in addition to the cumulative 12-month extension that was provided via the temporary relief measures announced on 6 May 2020 and 8 October 2020. Qualifying developers will be notified by the respective agencies. No application is necessary. Under the ABSD regime, developers are to commence and complete the residential development, and sell all housing units in the residential development project within the specified timelines,3 failing which they will be subject to the ABSD on the purchase of the land. The specified commencement and completion timelines will be extended by six months, for qualifying residential development projects. There is no further extension of the specified timeline to sell all housing units in the residential development project. (i) The land was purchased on or before 7 May 2021; and (ii) The original timeline for commencement of the residential development expired on or after 1 February 2020. For qualifying housing developers which purchased the land on or before 1 June 2020 and the original timeline for commencement of the residential development expired on or after 1 February 2020, this six-month extension to the ABSD commencement timeline will be in addition to the cumulative 12-month extension to the ABSD commencement timeline that was provided via the temporary relief measures announced on 6 May 2020 and 8 October 2020. The conditions to be met to qualify for the extension of the specified timeline for completion of residential development are as follows: (i) The land was purchased on or before 7 May 2021; and (ii) The original timeline for completion of the residential development expired on or after 1 February 2020. For qualifying housing developers which purchased the land on or before 1 June 2020 and the original timeline for completion of the residential development expired on or after 1 February 2020, this six-month extension to the ABSD completion timeline will be in addition to the cumulative 12-month extension to the ABSD completion timeline that was provided via the temporary relief measures announced on 6 May 2020 and 8 October 2020. Qualifying developers will be granted the extension automatically. No application is necessary. Developers under the QC regime are required to complete construction of all housing units in a residential development project within five years from the date of issue of the QC or the collective sale order, and dispose of all housing units within two years from the issue of Temporary Occupation Permit or Certificate of Statutory Completion. Under the extension to the temporary relief measures, developers applying to extend their existing completion deadline will be granted a waiver of extension charges of a total of six months. This will also apply to other SLA approvals requiring the completion of all units in the residential development. However, extension charges will not be waived for the extension of the deadline to dispose of all housing units of the residential development. The conditions to be met to qualify for the waiver of extension charges to extend the completion deadline are as follows: (i) The QC or SLA approval requiring the completion of all units in the residential development was issued on or before 7 May 2021; and (ii) The original timeline for completion of the residential development expired on or after 1 February 2020. For cases where the QC or SLA approval requiring the completion of all units in the residential development was issued on or before 1 June 2020, this six-month extension will be in addition to the cumulative 12-month extension that was granted via the temporary relief measures announced on 6 May 2020 and 8 October 2020. Qualifying developers can write to SLA’s Land Dealings Approval Unit (LDAU) at SLA_LDU@sla.gov.sg by 1 December 2021 to apply. Developers which had already applied for and obtained an extension of their existing completion deadlines under the temporary relief measures announced on 6 May 2020 and 8 October 2020 will automatically be granted the additional six-month waiver of extension charges, and will be notified of their new deadlines by LDAU. Commercial and Industrial Development Projects The PCP for qualifying commercial and industrial development projects on Government sale sites, or on land which was directly alienated or had their lease renewed by SLA, will be extended by six months. The conditions to be met to qualify for the extension of the PCP are as follows: (i) The land was awarded on or before 7 May 2021; or the land was directly alienated or had their lease renewed by SLA on or before 7 May 2021; and (ii) The original timeline for completion of the development expired on or after 1 February 2020. For cases where the land was awarded on or before 1 June 2020, or the land was directly alienated or had their lease renewed by SLA on or before 1 June 2020, this six-month extension will be in addition to the cumulative 12-month extension that was provided via the temporary relief measures announced on 6 May 2020 and 8 October 2020. Qualifying developers will be notified by the respective agencies. No application is necessary. ## Chinese translation > Translation model: grok_cli ### 因2019冠状病毒病（COVID-19）疫情延长房地产行业临时纾困措施 政府今日宣布，因2021年4月及5月起边境措施收紧（COVID-19感染再度上升所致），对受建筑工期中断影响的房地产发展商延长临时纾困措施。这些措施是在2020年5月6日及2020年10月8日所宣布临时纾困措施之外的额外安排。这些临时纾困措施并不改变现行住宅房地产市场降温措施；降温措施仍旨在确保私人住宅价格大体与经济基本面一致。 即日起实施的临时纾困措施延长内容如下： （i）合资格住宅、商业及工业发展项目的项目完成期（PCP）延长六个月； （ii）合资格住宅发展商就额外买方印花税（ABSD）退税而言，住宅发展项目的开工及完工期限延长六个月；1 以及 （iii）合资格外国住宅发展商在合格证书（QC）制度下的住宅发展项目，其项目完成期（PCP）延长六个月。 尽管建筑工程自2020年8月起已逐步恢复，建筑项目仍持续面临挑战。由于2021年4月及5月起边境措施收紧限制外籍劳工流入，该行业可能面临人力短缺，并进一步影响建筑工期。 所有住宅发展商仍须遵守现行ABSD制度。合资格住宅发展商将获得住宅发展项目开工及完工退税条件期限延长六个月。2 住宅发展项目内全部住房单位出售的退税条件期限不再进一步延长。 措施延长将在近期就项目完成期（PCP）、ABSD制度及QC制度中与建筑工期相关的要求，为发展商提供有针对性的纾困。政府将继续支持发展商及承包商及时完成发展项目，同时确保遵守安全措施。随着措施延长，政府期望发展商同样向其总承包商及顾问提供纾困与支持。政府亦将继续密切关注建筑业活动正常化，以及对房地产行业的影响。在我们过渡至COVID-19成为地方性流行病的新常态过程中，政府将继续在必要及适当情况下支持各利益相关方。 私人住宅发展项目 在政府售地项目，或由新加坡土地管理局（SLA）直接让渡或续租土地上的合资格住宅发展项目，其项目完成期（PCP）将延长六个月。 符合项目完成期延长资格的条件如下： （i）土地于2021年5月7日或之前中标，或土地由SLA于2021年5月7日或之前直接让渡或续租；以及 （ii）住宅发展原定完工期限于2020年2月1日或之后届满。 对于土地于2020年6月1日或之前中标，或土地由SLA于2020年6月1日或之前直接让渡或续租的情况，此六个月延长将叠加于2020年5月6日及2020年10月8日宣布的临时纾困措施所提供的累计12个月延长之上。 合资格发展商将由相关机构通知。无需申请。 在ABSD制度下，发展商须在规定期限内开工及完成住宅发展，并售出该住宅发展项目内全部住房单位，3 否则须就购地缴纳ABSD。合资格住宅发展项目的规定开工及完工期限将延长六个月。售出该住宅发展项目内全部住房单位的规定期限不再进一步延长。 （i）土地于2021年5月7日或之前购入；以及 （ii）住宅发展原定开工期限于2020年2月1日或之后届满。 对于于2020年6月1日或之前购入土地，且住宅发展原定开工期限于2020年2月1日或之后届满的合资格住宅发展商，此对ABSD开工期限的六个月延长，将叠加于2020年5月6日及2020年10月8日宣布的临时纾困措施所提供的对ABSD开工期限累计12个月延长之上。 符合住宅发展规定完工期限延长资格的条件如下： （i）土地于2021年5月7日或之前购入；以及 （ii）住宅发展原定完工期限于2020年2月1日或之后届满。 对于于2020年6月1日或之前购入土地，且住宅发展原定完工期限于2020年2月1日或之后届满的合资格住宅发展商，此对ABSD完工期限的六个月延长，将叠加于2020年5月6日及2020年10月8日宣布的临时纾困措施所提供的对ABSD完工期限累计12个月延长之上。 合资格发展商将自动获延长。无需申请。 QC制度下的发展商须自QC签发日或集体出售（en bloc）命令日起五年内完成住宅发展项目内全部住房单位的建设，并自临时入伙准证（TOP）或建筑竣工证书（CSC）签发起两年内处置全部住房单位。在临时纾困措施延长下，申请延长现有完工期限的发展商将获豁免合计六个月的延期费用。此亦适用于其他要求完成住宅发展项目内全部单位的SLA批准。然而，延长处置该住宅发展全部住房单位期限的延期费用将不予豁免。 符合豁免完工期限延期费用资格的条件如下： （i）要求完成住宅发展项目内全部单位的QC或SLA批准于2021年5月7日或之前签发；以及 （ii）住宅发展原定完工期限于2020年2月1日或之后届满。 对于要求完成住宅发展项目内全部单位的QC或SLA批准于2020年6月1日或之前签发的情况，此六个月延长将叠加于2020年5月6日及2020年10月8日宣布的临时纾困措施所给予的累计12个月延长之上。 合资格发展商可于2021年12月1日或之前致函SLA土地交易审批组（LDAU），电邮SLA_LDU@sla.gov.sg提出申请。已根据2020年5月6日及2020年10月8日宣布的临时纾困措施申请并获延长现有完工期限的发展商，将自动获额外六个月延期费用豁免，并由LDAU通知其新期限。 商业及工业发展项目 在政府售地项目，或由SLA直接让渡或续租土地上的合资格商业及工业发展项目，其项目完成期（PCP）将延长六个月。 符合项目完成期延长资格的条件如下： （i）土地于2021年5月7日或之前中标；或土地由SLA于2021年5月7日或之前直接让渡或续租；以及 （ii）发展原定完工期限于2020年2月1日或之后届满。 对于土地于2020年6月1日或之前中标，或土地由SLA于2020年6月1日或之前直接让渡或续租的情况，此六个月延长将叠加于2020年5月6日及2020年10月8日宣布的临时纾困措施所提供的累计12个月延长之上。 合资格发展商将由相关机构通知。无需申请。