Extension of Relief Periods under the COVID-19 (Temporary Measures) Act

Press Release – Extension of Relief Periods under the COVID-19 (Temporary Measures) Act for Specified Categories of Contracts


The Ministry of Law has recently announced changes to the relief periods under the COVID-19 (Temporary Measures) Act.


The changes are as follows:

Part 2 of the Act – Relief from certain legal and enforcement actions for inability to perform contractual obligations, for specified categories of contracts


  1. Extended from 19 October 2020 to 19 November 2020
  • Loans to SMEs secured by certain collateral in Singapore
  • Leases and licences of non-residential property
  • Hire-purchase and conditional sales agreements for commercial vehicles, or plant/machinery used for commercial purposes
  • Rental agreements for commercial equipment or commercial vehicles


  1. Extended from 19 October 2020 to 31 December 2020
  • Event and tourism-related contracts
  • Options to purchase with developers
  • Sale and purchase agreements with developers


  1. Extended from 19 October 2020 to 31 March 2021
  • Construction contracts or supply contracts, or any performance bond granted thereto


Rental relief framework – Repayment scheme for rental arrears


  • Eligible tenant-occupiers may now serve written notice on their landlord of their intent to take up the scheme before 19 November 2020 (instead of 19 October 2020)
  • First instalment payment to be made by 1 December 2020 (instead of 1 November 2020)


Part 3 of the Act – Measures relating to bankruptcy and insolvency


  • No change to relief period, which will end on 19 October 2020




Infographic on August and October Budget Measures
Infographic on Economic Strategy


Deputy Prime Minister and Finance Minister Heng Swee Keat delivered a statement in Parliament earlier today, which touched on the measures and strategies for us to emerge stronger from the COVID-19 crisis, as an economy and as a society.


2        The appended infographics from the Ministry of Finance (MOF) provide an overview of the various support measures for workers, jobs and companies. You may wish to visit https://bit.ly/34rSZPI to read DPM’s Ministerial Statement (Oct) in full.


  1. Infographic on August and October 2020 Budget Measures
  1. Infographic on Economic Strategy


3        We hope that the above is useful and that representatives can share the materials with your members and partners. Thank you.