Prevo

Policy evolution

ABSD for housing developers: remission clawback

  • Prevo records 1 structured ABSD for housing developers: remission clawback rule change, effective from 16 February 2024 to 16 February 2024, in the available archive; earlier history may be incomplete.
  • The current recorded rule became effective on 16 February 2024.
  • The rule before 16 February 2024 is recorded as that change's "before" values, without a start date.
  • No conflicting records between consecutive versions.

Partial archive: 1 structured ABSD for housing developers: remission clawback change in the available records. Earlier or unrecorded changes may exist; this is not a complete history.

Create evolution brief

Current recorded rule, 2 October 2026

ParameterValueStatus
Reduced clawback threshold, minimum share of units sold, Housing developer90%In forceIn force from 16 February 2024, recorded on Singapore lowers the ABSD clawback for housing developers that sell at least 90% of units on time.
Remission clawback, 90% of units sold, Housing developer, Land bought on or after 16 December 202134%In forceIn force from 16 February 2024, recorded on Singapore lowers the ABSD clawback for housing developers that sell at least 90% of units on time.
Remission clawback, 99% of units sold, Housing developer, Land bought on or after 16 December 202125%In forceIn force from 16 February 2024, recorded on Singapore lowers the ABSD clawback for housing developers that sell at least 90% of units on time.
Remission clawback, 90% of units sold, Housing developer, Land bought 6 July 2018 to 15 December 202124%In forceIn force from 16 February 2024, recorded on Singapore lowers the ABSD clawback for housing developers that sell at least 90% of units on time.
Remission clawback, 99% of units sold, Housing developer, Land bought 6 July 2018 to 15 December 202115%In forceIn force from 16 February 2024, recorded on Singapore lowers the ABSD clawback for housing developers that sell at least 90% of units on time.

Rule versions

  1. Before

    Earliest recorded state

    The rule before 16 February 2024

    Valid from
    Start date not recorded
    Valid until
    Until 15 February 2024
    Authority
    Ministry of National Development, Ministry of Finance, Inland Revenue Authority of Singapore

    Recorded as the "before" values of Singapore lowers the ABSD clawback for housing developers that sell at least 90% of units on time.

    View full rule
    Remission clawback, 90% of units sold, Housing developer, Land bought on or after 16 December 2021
    35%
    Remission clawback, 99% of units sold, Housing developer, Land bought on or after 16 December 2021
    35%
    Remission clawback, 90% of units sold, Housing developer, Land bought 6 July 2018 to 15 December 2021
    25%
    Remission clawback, 99% of units sold, Housing developer, Land bought 6 July 2018 to 15 December 2021
    25%

    Source

    Stamp Duties (Housing Developers) (Remission of ABSD) (Amendment) Rules 2024

    Attorney-General's Chambers (Singapore Statutes Online) · Primary source · Published 16 February 2024

    Open original source

    Event checked against its primary sources on 27 September 2026. Each claim keeps its own verification status.

  2. 16 February 2024Current recorded rule
    Announced
    16 February 2024
    Effective
    16 February 2024
    Valid from
    16 February 2024
    Valid until
    Until superseded: no later recorded change
    Authority
    Ministry of National Development, Ministry of Finance, Inland Revenue Authority of Singapore

    4 parameters changed, 1 newly recorded, 0 unchanged.

    ParameterPreviousNew
    Remission clawback, 90% of units sold, Housing developer, Land bought on or after 16 December 202135%34%
    Remission clawback, 99% of units sold, Housing developer, Land bought on or after 16 December 202135%25%
    Remission clawback, 90% of units sold, Housing developer, Land bought 6 July 2018 to 15 December 202125%24%
    Remission clawback, 99% of units sold, Housing developer, Land bought 6 July 2018 to 15 December 202125%15%
    Compare with previous
    • Added Reduced clawback threshold, minimum share of units sold, Housing developer: 90%
    • Changed Remission clawback, 90% of units sold, Housing developer, Land bought on or after 16 December 2021: 35% to 34%
    • Changed Remission clawback, 99% of units sold, Housing developer, Land bought on or after 16 December 2021: 35% to 25%
    • Changed Remission clawback, 90% of units sold, Housing developer, Land bought 6 July 2018 to 15 December 2021: 25% to 24%
    • Changed Remission clawback, 99% of units sold, Housing developer, Land bought 6 July 2018 to 15 December 2021: 25% to 15%
    • 0 unchanged, not listed.
    View full rule
    Reduced clawback threshold, minimum share of units sold, Housing developer
    90%
    Remission clawback, 90% of units sold, Housing developer, Land bought on or after 16 December 2021
    34%
    Remission clawback, 99% of units sold, Housing developer, Land bought on or after 16 December 2021
    25%
    Remission clawback, 90% of units sold, Housing developer, Land bought 6 July 2018 to 15 December 2021
    24%
    Remission clawback, 99% of units sold, Housing developer, Land bought 6 July 2018 to 15 December 2021
    15%

    Source

    Stamp Duties (Housing Developers) (Remission of ABSD) (Amendment) Rules 2024

    Attorney-General's Chambers (Singapore Statutes Online) · Primary source · Published 16 February 2024

    Open original source

    Event checked against its primary sources on 27 September 2026. Each claim keeps its own verification status.

    Observed around this change (365 days)
    • Singapore private residential transactions, all types of sale: 14,923 before, 17,720 after (Q2 2023, Q3 2023, Q4 2023 | Q2 2024, Q3 2024, Q4 2024)
    • Private Residential Property Price Index, All Residential: 201.5 before, 209.4 after (Q2 2023, Q3 2023, Q4 2023 | Q2 2024, Q3 2024, Q4 2024)
    • HDB Resale Price Index: 180.4 before, 197.9 after (Q2 2023, Q3 2023, Q4 2023 | Q2 2024, Q3 2024, Q4 2024)
    • Observed around the change, not attributed to it. The full view is on the before and after page.