IT seems unlikely that the government will offer property developers any reprieve in this month's Budget, industry watchers believe.
The Ministry of National Development (MND) was very direct in its reply on Feb 29: "It is too early to relax the measures now. Doing so could result in a market rebound."
This was a written reply to a Member of Parliament who had asked if MND would consider reviewing the cooling measures by removing the additional buyer's stamp duty (ABSD) or Singaporeans, but retaining it for foreigners.