With the announcement of the measures, a project which was originally required to be completed by Feb 1 must now be completed by Aug 1.
According to Ministry of National Development, there are about 100 residential, commercial and industrial development projects that will qualify for this extension.
Property developers such as UOL Group, CapitaLand and City Developments as well as mid-cap companies Wing Tai gained as these measures could stabilise the property market.
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