SINGAPORE: Housing developers taking on large en bloc projects will get more time to complete and sell units under revised Additional Buyer’s Stamp Duty (ABSD) rules announced on Tuesday (Jul 28), in a move aimed at supporting bigger redevelopments and boosting housing supply.
The changes, which take effect for residential land acquired on or after Jul 29, 2026, give developers of larger projects longer timelines to meet conditions tied to ABSD remission, while introducing new safeguards to ensure homes are released to the market in a timely manner.
This enhancement is intended to further support housing developers in undertaking large-scale redevelopment projects, and in doing so, facilitate rejuvenation and boost housing supply to meet demand, the Ministry of Finance (MOF) and Ministry of National Development (MND) said on Tuesday.
Currently, licensed housing developers purchasing residential land are subject to 40 per cent ABSD. This comprises a 5 per cent non-remittable component and a 35 per cent upfront remittable component.
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