It is unlikely that property developers will get a reprieve from the government.
The Ministry of National Development (MND) clearly stated in its Feb 29 response to an MP about dropping ABSD for Singaporeans, but retaining it for foreigners; "It is too early to relax the measures now. Doing so could result in a market rebound,"
Redas, the Real Estate Developers' Association of Singapore has been lobbying for a review of the measures, voicing its concerns through discussion with authorities such as MND and the Urban Redevelopment Authority (URA) from time to time. But it has lately ceased its lobbying, a decided change in its position. Of late, it has in fact repositioned itself on the same side as the government in desiring stability in the property market.