Real Estate

Extension to Temporary Relief Measures for Property Sector due to COVID-19 Pandemic

On 28 June 2021, the Singapore Government announced an extension to the temporary relief measures ("June 2021Extension of Temporary Relief Measures") for the property sector. The June 2021 Extension of Temporary Relief Measures extends the temporary relief measures announced on 6 May 2020 and the additional temporary relief measures announced on 8 October 2020 which were granted to offer immediate relief for eligible property developers in view of disruptions to construction timelines arising from the COVID-19 pandemic.

This Update provides a summary of the key extensions under theJune 2021 Extension of Temporary Relief Measures and the relevant eligibility conditions.