31-10-2014, 09:03 PM
(31-10-2014, 09:00 PM)CY09 Wrote: Hi RT,
Under current policy circumstances, the 2018 deadline is nothing. Hiap Hoe has made its move for its balestier condo which it couldn't sell in the open market by setting up a subsidiary and selling to the company. If this move is acceptable under current laws, this means all developers will set up wholly own subsidiaries with all Singaporean Directors to bypass it if they cant sell their unsold units
Well, think they still have to the max 15% ABSD + 3% stamp duty right... Is that really lot of savings compared to paying QC?