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356 results found for: qualifying certificate
Article About the scheme
By: GRACE LEONG,   The Straits Times  The Straits Times  (BUSINESS)  07/02/2020
The qualifying certificate (QC) regime requires developers that are deemed foreign companies to complete their developments within five years and dispose of all units within two years of completion. This is to prevent land hoarding and ensure that housing developers build and sell the residential land in a timely manner.   (194 words)
Page: C1

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Article New rules on qualifying cert offer reprieve to Singapore developers
By: KALPANA RASHIWALA AND NISHA RAMCHANDANI,   The Business Times  The Business Times  (FRONT PAGE)  07/02/2020
They can apply to be exempted if they have 'substantial connection to Singapore'; but there is no change to rules on ABSD regime kalpana@sph.com.sg nishar@sph.com.sg @KalpanaBT @NishaBT Singapore SOME Singapore-listed housing developers can now apply to be exempted from the Qualifying Certificate (QC) rules imposed on foreign housing developers   (1344 words)
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Online Listed property developers with 'substantial connection to Singapore' can be exempted from qualifying certificate scheme
By: GRACE LEONG,   The Straits Times Online  The Straits Times Online  06/02/2020
As such, these companies have to apply for a qualifying certificate when they buy residential land for development. Under the qualifying certificate regime, developers have to complete the development within five years and sell all units within two years of completion.   (622 words)
Online Publicly listed S'pore developers to be exempted from QC regime: MinLaw, SLA
By: LEE MEIXIAN,   The Business Times Online  The Business Times Online  (REAL ESTATE,COMPANIES & MARKETS)  06/02/2020
Published on 06 February 2020 18:05:00 THE Ministry of Law and the Singapore Land Authority (SLA) on Thursday announced that it will allow for the exemption of publicly-listed housing developers with a "substantial connection to Singapore" from the Qualifying Certificate (QC) regime.   (451 words)
Article STI recoups losses as virus fears recede
By: NAVIN SREGANTAN,   The Business Times  The Business Times  (COMPANIES & MARKETS)  13/02/2020
For full listings of SGX prices, go to https://www2.sgx.com/ Singapore-focused property developers had their best session since the government announced that they can apply for exemption from the Qualifying Certificate.   (604 words)
Page: 6

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Article Extension charges on unsold homes no longer an issue
By: SIOW LI SEN,   The Business Times  The Business Times  (TOP STORIES)  01/05/2018

The previous year's extension charges or qualifying certificate (QC) penalties paid by developers was some S$50 million, said Mr Lim.   (591 words)
Page: 3

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Article QC scheme exemption for listed S'pore developers
The Straits Times  The Straits Times  (FRONT PAGE TOP OF NEWS)  07/02/2020
Publicly listed housing developers that have a "substantial connection to Singapore" can now apply to be exempted from the qualifying certificate (QC) scheme. This will offer a boost to some of these locally controlled developers as it removes the stringent timelines and penalties that they face under the regime.   (205 words)
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Article Developers can apply to be QC scheme-exempt
By: GRACE LEONG, BUSINESS CORRESPONDENT,   The New Paper  The New Paper  (BUSINESS)  07/02/2020
Listed property developers with a "substantial connection to Singapore" can now apply to be exempted from the qualifying certificate (QC) scheme. This will offer a boost to some listed developers as it removes the stringent timelines and penalties under the QC scheme, analysts say.   (449 words)
Page: 16

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Article Regional bourses up on reduced virus fears
By: NAVIN SREGANTAN,   The Straits Times  The Straits Times  (BUSINESS)  13/02/2020
Singapore-focused property developers had their best session since last Friday's announcement by the Government that they can apply to be exempted from the Qualifying Certificate. City Developments jumped 3.8 per cent to $11.26 while UOL climbed 1 per cent to $8.25.   (452 words)
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Article No rationale for tough cooling measures: Redas
By: LYNETTE KHOO,   The Business Times  The Business Times  (UPFRONT)  07/07/2018

When buying sites from the government land sales (GLS) programme or the private collective sales market, developers are already regulated by existing ABSD and Qualifying Certificate (QC) conditions.   (606 words)
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