Housing developers of large en bloc projects to get more time to sell units under revised ABSD rules

ABSD regime tweaked from July 29 to facilitate the redevelopment of large en bloc sites

The Additional Buyer’s Stamp Duty (ABSD) regime is being adjusted to facilitate the redevelopment of large en bloc sites from July 29. Read more at straitstimes.com.

Revised ABSD rules: Developers of large en bloc projects get more time to build and sell

Housing developers undertaking large-scale complex projects, including larger collective sale redevelopments, will now have more time to build and sell off all the units in the development."We want to incentivise private developers to intensify their use by rejuvenating ageing residential sites, including larger sites where redevelopment will require a longer duration," said Minister for National Development Chee Hong Tat at...

Housing developers of large en bloc projects to get more time to sell units under revised ABSD rules

The extension to the ABSD remission timeline for housing developers of large-scale en bloc projects will help contribute to additional housing supply, says the Ministry of Finance and Ministry of National Development.

Gov't extends ABSD deadline for large en bloc sites

Singapore granted developers additional time under a fresh mandate encouraging denser land use across older residential plots.

Longer ABSD remission timelines for developers of large and mega en bloc sites

For complex en bloc projects that can yield 700 or more homes, property developers will get more time to complete and sell all residential units before the 35% portion of additional buyer’s stamp duty (ABSD) can be remitted to them. The extended remission timelines will apply to large and mega sites purchased on or after July 29 this year, said the Ministry of Finance (MOF) and Ministry of National Development (MND) in a July 28 announcement. Th…

ABSD deadline extended to up to 7 years for developers of large en bloc sites to encourage reuse of land

Government also lifts the 15-month wait-out in HDB resale market for private property owners, as market has cooled Read more at The Business Times.