by OrangeTee & Tie Pte Ltd.

Help genuine HDB upgraders with ABSD remission, UOL chief urges

Government Policies

Government Policies

SG, 25 Nov 2020

In September, the head of the Real Estate Developers' Association of Singapore also urged the Government to urgently consider allowing first-time upgraders from an HDB flat to a private property to defer payment of the ABSD till six months after the completion of the private property. UOL is quite optimistic about selling its latest project as prices are "realistic and affordable", said Mr Liam. Called Clavon, it is in Clementi Avenue 1 and integrates work and living trends, and features flexible spaces, smart home amenities and technology solutions for a safe living environment. Pricing of the 640-unit condominium comprising two 37-storey towers on a per sq ft basis (psf) starts from $1,475 psf.

Comparable projects Parc Clematis has a median unit price of $1,634 psf, while Kent Ridge Hill Residences' median unit price was $1,770 psf for the January to October 2020 period, according to Ms Christine Sun, OrangeTee & Tie head of research and consultancy.

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