Originally Posted by
Ilikeu
Starting a new thread here....
Does anyone knows how to check which developments are subjected to the Qualifying Certificate (QC) and which developments are not? Is it stated in the SNP document?
Qualifying Certificate (QC)
•Such developers are given 5 (five) years to complete construction and obtain TOP.
•Finish selling all units developed within 2 (two) years of the TOP date.
•Developer is not allowed to lease out any unsold units.
•Developer will need to pay extension charges for extension of TOP or for extra time to sell the remaining unsold units.