Developer QC & ABSD penalty
Qualifying Certificates (QC) and Additional Buyers' Stamp Duty (ABSD) for Developers require them to sell their units within a certain period of time or face a steep penalty. Name of Development Location Total No. of units Unsold Units Takeup rate QC Deadline ABSD Deadline BEDOK RESIDENCES BEDOK NORTH DRIVE 583 46 92.11% 2017 (1st Year of Extension) N.A. THE PEAK @ CAIRNHILL II CAIRNHILL CIRCLE 60 56 6.67% 2017 (1st Year of Extension) N.A. PARC OLYMPIA FLORA DRIVE 486 58 88.07% 2017 (1st Year of Extension) N.A. A TREASURE TROVE PUNGGOL WALK 882 63 92.86% 2017 (1st Year of Extension) N.A. RV RESIDENCES RIVER VALLEY ROAD 248 79 68.15% 2017 (1st Year of Extension) N.A. LEEDON RESIDENCE LEEDON HEIGHTS 381 115 69.82% 2017 (1st Year of Extension) N.A. OUE TWIN PEAKS LEONIE HILL ROAD 462 132 71.43% 2017 (1st Year of Extension) N.A. SKY HABITAT BISHAN STREET 15 509 148 70.92% 2017 (1st Year of Extension) N.A. ...