Which project is reaching Additional Buyer Stamp Duty deadline?

In the context of Additional Buyer's Stamp Duty (ABSD) deadlines for housing developers in Singapore, several projects are subject to specific timelines that they must adhere to in order to avoid ABSD remission clawbacks.

General Timelines

• Housing developers typically have to commence construction within two years from the date of land acquisition, complete the development within five years, and sell all housing units within five years.

Extended Timelines for Complex Projects

• Recent changes announced in March 2025 provide extensions for complex projects, such as large en bloc redevelopments and urban transformation projects. These projects can now benefit from an additional six to twelve months extension to their ABSD remission timelines, depending on the complexity and size of the project. For example, projects with at least 700 units may receive more flexible timelines to manage their development and sales process.

Projects Affected

• Large-scale developments like those at Braddell View and Pine Grove, which are considering collective sales and redevelopment, will benefit from these extended timelines.
• Integrated developments and rejuvenation projects, which are often more complex and require longer execution durations, will also see relief with the extended ABSD remission deadlines.

Smaller Projects Submitted Through CORENET X

• Smaller projects submitted through the CORENET X platform may also receive a six-month extension to their ABSD remission timelines, provided they meet specific conditions such as undergoing the entire approval process through CORENET X and having at least six months left in their two-year commencement timeline.

These extensions aim to provide developers with more flexibility and time to manage the complexities of large-scale and integrated projects, helping them to avoid the ABSD remission clawbacks and ensure timely completion and sale of the units. For the most up-to-date information, you can check the latest updates on EdgeProp Singapore.